Quits: Other Services
JTU8100QUR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.60
Year-over-Year Change
-36.00%
Date Range
12/1/2000 - 6/1/2025
Summary
The 'Quits: Other Services' economic trend measures the number of employees who voluntarily leave their jobs in the 'Other Services' industry, providing insight into labor market dynamics.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This trend represents the voluntary separation rate, or 'quits', among workers in the 'Other Services' sector, which includes industries like personal care, religious organizations, and repair services. It is an important indicator of employee confidence and labor market tightness.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Job Openings and Labor Turnover Survey (JOLTS).
Historical Context
This trend is closely watched by policymakers and economists to gauge overall labor market health and employee sentiment.
Key Facts
- The 'Other Services' sector accounts for over 5 million U.S. jobs.
- Quits rates typically rise during periods of economic expansion.
- High quits rates can signal worker confidence and labor shortages.
FAQs
Q: What does this economic trend measure?
A: The 'Quits: Other Services' trend measures the number of employees who voluntarily leave their jobs in the 'Other Services' industry, a key indicator of labor market dynamics.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into employee confidence and labor market tightness, making it an important indicator for policymakers, economists, and businesses.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' Job Openings and Labor Turnover Survey (JOLTS).
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this trend to gauge overall labor market health and employee sentiment, which informs economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: The JOLTS data, including the 'Quits: Other Services' trend, is released with a 1-month lag by the Bureau of Labor Statistics.
Related Trends
Citation
U.S. Federal Reserve, Quits: Other Services (JTU8100QUR), retrieved from FRED.