Table Data - Average Probability of U.S. Workers Making Employer to Employer Transitions

Title Average Probability of U.S. Workers Making Employer to Employer Transitions
Series ID FMPNSA
Source Federal Reserve Bank of Philadelphia
Release Fujita, Moscarini, and Postel-Vinay Employer-to-Employer Transition Probability
Seasonal Adjustment Not Seasonally Adjusted
Frequency Monthly
Units Percent
Date Range 1995-10-01 to 2026-06-01
Last Updated 2026-07-10 1:01 PM CDT
Notes Fujita, Moscarini, and Postel-Vinay (FMP) Employer-to-Employer (E2E) Transition Probability tracks the rate at which U.S. workers transition from one employer to another in a given month. Expressed as the share (percentage) of movers among all employed workers in the previous month, E2E Transition Probability provides a timely gauge of the pace of worker reallocation in the U.S. labor market.
DATE VALUE
1995-10-01 3.0236152932047800
1995-11-01 3.1001074239611603
1995-12-01 2.1032016724348000
1996-01-01 2.6915220543742100
1996-02-01 2.7185343205928800
1996-03-01 2.5969428941607400
1996-04-01 2.4156857281923303
1996-05-01 3.0103573575615800
1996-06-01 3.0372789129614800
1996-07-01 3.0359644442796700
1996-08-01 3.2649584114551504
1996-09-01 3.1704165041446600
1996-10-01 2.6987383142113600
1996-11-01 2.8612939640879600
1996-12-01 2.0419420674443200
1997-01-01 2.8479710221290500
1997-02-01 2.6169348508119500
1997-03-01 2.6389170438051200
1997-04-01 2.3022362962365097
1997-05-01 2.8055435046553603
1997-06-01 2.9416024684906000
1997-07-01 3.0246874317526800
1997-08-01 3.2087776809930800
1997-09-01 3.2775577157735800
1997-10-01 3.1683150678873000
1997-11-01 2.7227971702814098
1997-12-01 2.3740177974104800
1998-01-01 2.6164840906858400
1998-02-01 2.6376962661743100
1998-03-01 2.5377493351697900
1998-04-01 2.8081046417355497
1998-05-01 2.5603162124753000
1998-06-01 2.9497228562831800
1998-07-01 3.2798513770103400
1998-08-01 2.9620826244354200
1998-09-01 3.0581807717680900
1998-10-01 3.0084155499935100
1998-11-01 2.4536078795790600
1998-12-01 2.3094655945897100
1999-01-01 2.5407189503312100
1999-02-01 2.5539437308907500
1999-03-01 2.4635652080178200
1999-04-01 2.7677888050675300
1999-05-01 2.5029422715306200
1999-06-01 2.8889540582895200
1999-07-01 3.1735766679048500
1999-08-01 2.8488941490650100
1999-09-01 3.6560215055942500
1999-10-01 2.7753315865993500
1999-11-01 2.6261774823069500
1999-12-01 2.6228260248899400
2000-01-01 2.7685731649398800
2000-02-01 2.6871182024478900
2000-03-01 2.8194949030876100
2000-04-01 2.5026388466358100
2000-05-01 2.7975616976618700
2000-06-01 3.3937245607376100
2000-07-01 3.0205328017473200
2000-08-01 2.9017584398388800
2000-09-01 3.4973930567502900
2000-10-01 2.8626931831240600
2000-11-01 2.7699669823050500
2000-12-01 2.0334893837571100
2001-01-01 2.7805659919977100
2001-02-01 2.9341841116547500
2001-03-01 2.4668339639902100
2001-04-01 2.3140039294958100
2001-05-01 2.2962840273976304
2001-06-01 3.0288171023130400
2001-07-01 2.9438132420182200
2001-08-01 3.1759936362504897
2001-09-01 2.9327983036637297
2001-10-01 2.5240112096071203
2001-11-01 2.5213524699211100
2001-12-01 1.9374456256628000
2002-01-01 2.3348988965153703
2002-02-01 2.5463860481977400
2002-03-01 2.2608907893300003
2002-04-01 2.0602503791451400
2002-05-01 2.5811560451984400
2002-06-01 2.7391387149691497
2002-07-01 2.7150392532348600
2002-08-01 2.7250327169895100
2002-09-01 2.7448158711194900
2002-10-01 2.5152957066893500
2002-11-01 2.3791125044226600
2002-12-01 1.7249749973416302
2003-01-01 2.4347754195332500
2003-02-01 2.1387774497270500
2003-03-01 2.1236466243863097
2003-04-01 1.9086146727204296
2003-05-01 2.3418555036187100
2003-06-01 2.4266170337796200
2003-07-01 2.4518802762031500
2003-08-01 2.5256616994738500
2003-09-01 2.6736555621027900
2003-10-01 2.3503320291638303
2003-11-01 1.9786655902862500
2003-12-01 1.8754987046122500
2004-01-01 2.2770630195736800
2004-02-01 2.1301340311765600
2004-03-01 2.1083751693367900
2004-04-01 2.3367239162325800
2004-05-01 2.1845607087016097
2004-06-01 2.4359807372093200
2004-07-01 2.7404354885220500
2004-08-01 2.4976778775453500
2004-09-01 2.8196264058351500
2004-10-01 2.5681704282760600
2004-11-01 2.1785777062177600
2004-12-01 2.0519390702247600
2005-01-01 2.3666696622967700
2005-02-01 2.4090843275189400
2005-03-01 2.2675428539514500
2005-04-01 2.2654615342617000
2005-05-01 2.1333836019039100
2005-06-01 2.7795502915978400
2005-07-01 2.4193953722715302
2005-08-01 2.6039393618702800
2005-09-01 2.9896179214119902
2005-10-01 2.4494640529155700
2005-11-01 2.3744376376271200
2005-12-01 1.9596872851252500
2006-01-01 2.2586930543184200
2006-02-01 2.3752253502607300
2006-03-01 2.2787753492593700
2006-04-01 2.0607771351933400
2006-05-01 2.2066662088036497
2006-06-01 2.8018726035952497
2006-07-01 2.6760045439004800
2006-08-01 2.5785420089960000
2006-09-01 2.8794022276997500
2006-10-01 2.2448228672146800
2006-11-01 2.2022536024451203
2006-12-01 2.0723996683955100
2007-01-01 2.1823113784193900
2007-02-01 2.1583529189229003
2007-03-01 2.4674212560057600
2007-04-01 2.2464577108621600
2007-05-01 2.4131884798407500
2007-06-01 2.5808233767747800
2007-07-01 2.8223549947142600
2007-08-01 2.6413202285766600
2007-09-01 2.8751956298947300
2007-10-01 2.3607615381479200
2007-11-01 2.3402435705065700
2007-12-01 1.8534587696194600
2008-01-01 2.2803843021392800
2008-02-01 2.3496283218264500
2008-03-01 2.2764431312680200
2008-04-01 2.1812837570905600
2008-05-01 2.5325868278741800
2008-06-01 2.5341851636767300
2008-07-01 2.6834957301616600
2008-08-01 2.9036691412329603
2008-09-01 2.7231341227889000
2008-10-01 2.5522897019982300
2008-11-01 2.0158238708972900
2008-12-01 1.8975298851728400
2009-01-01 2.1054580807685800
2009-02-01 2.2261513397097500
2009-03-01 2.0213574171066200
2009-04-01 2.1006660535931500
2009-05-01 2.3705301806330600
2009-06-01 2.4186268448829600
2009-07-01 2.3985434323549200
2009-08-01 2.3206155747175200
2009-09-01 2.5589358061552000
2009-10-01 2.2489931434392902
2009-11-01 1.9075751304626400
2009-12-01 1.7628027126193002
2010-01-01 2.0319705829024300
2010-02-01 1.9882239401340400
2010-03-01 2.0367689430713600
2010-04-01 2.1325215697288500
2010-05-01 2.1109100431203800
2010-06-01 2.1986017003655400
2010-07-01 2.5303946807980497
2010-08-01 2.3932317271828600
2010-09-01 2.6584291830658900
2010-10-01 2.0301828160882000
2010-11-01 1.9276313483715000
2010-12-01 1.7918100580572998
2011-01-01 1.9086966291069900
2011-02-01 1.8262272700667300
2011-03-01 2.0057156682014400
2011-04-01 2.0894119516015000
2011-05-01 2.0031748339533800
2011-06-01 2.4975063279271104
2011-07-01 2.3286391049623400
2011-08-01 2.3138882592320400
2011-09-01 2.6899047195911400
2011-10-01 2.1202599629759700
2011-11-01 2.0788075402379000
2011-12-01 1.6622472554445200
2012-01-01 2.1249763667583400
2012-02-01 2.0852159708738300
2012-03-01 2.0352020859718300
2012-04-01 1.8767470493912700
2012-05-01 1.9282625988125800
2012-06-01 2.5760846212506303
2012-07-01 2.3872252553701400
2012-08-01 2.5000916793942400
2012-09-01 2.4760559201240500
2012-10-01 2.1099520847201300
2012-11-01 1.9563226029276800
2012-12-01 1.8320584669709200
2013-01-01 1.8331198021769500
2013-02-01 2.1102799102663900
2013-03-01 2.0749501883983603
2013-04-01 1.8414683640003200
2013-05-01 2.1709797903895300
2013-06-01 2.3966930806636800
2013-07-01 2.3029824718832900
2013-08-01 2.4969397112727100
2013-09-01 2.4319959804415700
2013-10-01 2.1377461031079200
2013-11-01 1.9916305318474700
2013-12-01 1.6219934448599802
2014-01-01 2.2535610944032600
2014-02-01 1.9840661436319300
2014-03-01 1.9352586939930896
2014-04-01 1.9317500293254800
2014-05-01 2.1539412438869400
2014-06-01 2.4689273908734300
2014-07-01 2.5198314338922500
2014-08-01 2.5595907121896700
2014-09-01 2.7107067406177500
2014-10-01 2.3517498746514300
2014-11-01 2.1248748525977100
2014-12-01 1.7562622204422900
2015-01-01 2.1249419078230800
2015-02-01 2.0841905847191800
2015-03-01 2.2543380036950103
2015-04-01 2.2370688617229400
2015-05-01 2.1907614544034000
2015-06-01 2.6288777589797903
2015-07-01 2.7928715571761100
2015-08-01 2.3879043757915500
2015-09-01 2.6854934170842100
2015-10-01 2.5359492748975700
2015-11-01 2.1289836615324000
2015-12-01 1.9037980586290300
2016-01-01 2.1539045497775000
2016-02-01 2.0483555272221500
2016-03-01 2.0141921937465600
2016-04-01 2.0334141328930800
2016-05-01 1.9852757453918400
2016-06-01 2.6509378105401900
2016-07-01 2.5362839922308900
2016-08-01 2.3937666788697203
2016-09-01 3.0006432905793100
2016-10-01 2.2344332188367800
2016-11-01 2.0536851137876500
2016-12-01 1.8885478377342200
2017-01-01 1.9738601520657504
2017-02-01 2.1710170432925200
2017-03-01 2.2344019263982700
2017-04-01 1.9647544249892200
2017-05-01 2.2529259324073703
2017-06-01 2.4932557716965600
2017-07-01 2.4753306061029400
2017-08-01 2.2950707003474200
2017-09-01 2.9730943962931600
2017-10-01 2.1854793652892100
2017-11-01 2.0034378394484498
2017-12-01 1.6605006530880900
2018-01-01 2.0778190344572000
2018-02-01 2.1616749465465500
2018-03-01 2.0273772999644200
2018-04-01 1.8446797505021000
2018-05-01 1.9863896071910800
2018-06-01 2.5063076987862500
2018-07-01 2.4527532979846000
2018-08-01 2.6073846966028200
2018-09-01 2.3497670888900704
2018-10-01 2.0334342494606900
2018-11-01 1.9677033647894800
2018-12-01 1.8470374867320000
2019-01-01 2.1351762115955300
2019-02-01 2.2454513236880300
2019-03-01 2.1719854325056000
2019-04-01 1.7981287091970400
2019-05-01 2.2318253293633400
2019-06-01 2.1404687315225600
2019-07-01 2.6106555014848700
2019-08-01 2.5432184338569600
2019-09-01 2.4168515577912300
2019-10-01 2.1505912765860500
2019-11-01 2.0349226891994400
2019-12-01 1.8869627267122200
2020-01-01 2.2707875818014100
2020-02-01 2.0673450082540503
2020-03-01 2.0455604419112200
2020-04-01 1.7048813402652698
2020-05-01 1.6830909997224800
2020-06-01 1.8284562975168200
2020-07-01 2.0784055814147000
2020-08-01 2.2402293980121600
2020-09-01 2.2680420428514400
2020-10-01 2.3657191544771100
2020-11-01 2.1505761891603400
2020-12-01 1.7636258155107505
2021-01-01 1.9266014918684900
2021-02-01 2.1134804934263203
2021-03-01 2.1637750789523102
2021-04-01 2.1652556955814300
2021-05-01 1.9330738112330400
2021-06-01 2.2536555305123303
2021-07-01 2.7832882478833200
2021-08-01 2.3203363642096497
2021-09-01 3.0570864677429200
2021-10-01 2.2528201341629000
2021-11-01 2.1951004862785300
2021-12-01 1.9252154976129500
2022-01-01 2.3758292198181100
2022-02-01 2.2822419181466100
2022-03-01 2.2718984633684100
2022-04-01 2.3306233808398200
2022-05-01 2.2548912093043300
2022-06-01 2.5865791365504200
2022-07-01 2.4295417591929400
2022-08-01 2.6497408747673000
2022-09-01 2.9117045924067500
2022-10-01 2.3867020383477200
2022-11-01 2.2254375740885700
2022-12-01 1.9162395969033200
2023-01-01 2.1121645346283900
2023-02-01 2.3431578651070500
2023-03-01 2.2407568991184200
2023-04-01 1.8431818112730900
2023-05-01 1.9833099097013400
2023-06-01 2.5846943259239200
2023-07-01 2.6517109945416400
2023-08-01 2.2385610267519898
2023-09-01 2.8027828782796800
2023-10-01 2.0783932879567100
2023-11-01 2.2101966664195000
2023-12-01 1.6842847689986202
2024-01-01 2.0240504294633800
2024-02-01 2.0762445405125600
2024-03-01 1.9261639565229400
2024-04-01 2.0172964781522698
2024-05-01 2.1966081112623200
2024-06-01 2.2666212171316100
2024-07-01 2.3012904450297302
2024-08-01 2.7010900899767800
2024-09-01 2.6635652408003800
2024-10-01 2.3615866899490303
2024-11-01 1.9142720848321900
2024-12-01 1.7289403825998300
2025-01-01 1.9155593588948200
2025-02-01 2.0302845165133400
2025-03-01 2.2668873891234400
2025-04-01 1.9068820402026100
2025-05-01 2.3246075958013500
2025-06-01 2.1393939852714500
2025-07-01 2.3460527881979902
2025-08-01 2.4533556774258600
2025-09-01 2.5620425119996000
2025-10-01 2.1994414045583000
2025-11-01 2.0311592980215902
2025-12-01 1.9145430997014000
2026-01-01 2.2092387080192500
2026-02-01 2.0659036934375700
2026-03-01 2.2178310900926500
2026-04-01 2.2543396800756400
2026-05-01 2.2071374580264003
2026-06-01 2.2882690653204900

Back to Top