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 2026-08-01
Last Updated 2026-09-11 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 3.0236214399
1995-11-01 3.1001131982
1995-12-01 2.1032067016
1996-01-01 2.6915261522
1996-02-01 2.7185400948
1996-03-01 2.5969490409
1996-04-01 2.4156916887
1996-05-01 3.0103623867
1996-06-01 3.0372843146
1996-07-01 3.0359681696
1996-08-01 3.2649617642
1996-09-01 3.1704187393
1996-10-01 2.6987403631
1996-11-01 2.8612958267
1996-12-01 2.0419439301
1997-01-01 2.8479726985
1997-02-01 2.6169370860
1997-03-01 2.6389190927
1997-04-01 2.3022377864
1997-05-01 2.8055448085
1997-06-01 2.9416035861
1997-07-01 3.0246881768
1997-08-01 3.2087780535
1997-09-01 3.2775580883
1997-10-01 3.1683143228
1997-11-01 2.7227962390
1997-12-01 2.3740164936
1998-01-01 2.6164826006
1998-02-01 2.6376953349
1998-03-01 2.5377482176
1998-04-01 2.8081029654
1998-05-01 2.5603143498
1998-06-01 2.9497209936
1998-07-01 3.2798495144
1998-08-01 2.9620803893
1998-09-01 3.0581779778
1998-10-01 3.0084120110
1998-11-01 2.4536039680
1998-12-01 2.3094614968
1999-01-01 2.5407142937
1999-02-01 2.5539398193
1999-03-01 2.4635616690
1999-04-01 2.7677856386
1999-05-01 2.5029379874
1999-06-01 2.8889501467
1999-07-01 3.1735721976
1999-08-01 2.8488891199
1999-09-01 3.6560166627
1999-10-01 2.7753256261
1999-11-01 2.6261713356
1999-12-01 2.6228204370
2000-01-01 2.7685664594
2000-02-01 2.6871124282
2000-03-01 2.8194895014
2000-04-01 2.5026341900
2000-05-01 2.7975557372
2000-06-01 3.3937182277
2000-07-01 3.0205262825
2000-08-01 2.9017515481
2000-09-01 3.4973859787
2000-10-01 2.8626851737
2000-11-01 2.7699591592
2000-12-01 2.0334811881
2001-01-01 2.7805574238
2001-02-01 2.9341775924
2001-03-01 2.4668276310
2001-04-01 2.3139975965
2001-05-01 2.2962767631
2001-06-01 3.0288100243
2001-07-01 2.9438052326
2001-08-01 3.1759865582
2001-09-01 2.9327906668
2001-10-01 2.5240020826
2001-11-01 2.5213439018
2001-12-01 1.9374379888
2002-01-01 2.3348899558
2002-02-01 2.5463793427
2002-03-01 2.2608848289
2002-04-01 2.0602447912
2002-05-01 2.5811497122
2002-06-01 2.7391321957
2002-07-01 2.7150329202
2002-08-01 2.7250267565
2002-09-01 2.7448095381
2002-10-01 2.5152893737
2002-11-01 2.3791057989
2002-12-01 1.7249684781
2003-01-01 2.4347694591
2003-02-01 2.1387733519
2003-03-01 2.1236430854
2003-04-01 1.9086113200
2003-05-01 2.3418521509
2003-06-01 2.4266134948
2003-07-01 2.4518769234
2003-08-01 2.5256590918
2003-09-01 2.6736527681
2003-10-01 2.3503284901
2003-11-01 1.9786614925
2003-12-01 1.8754957244
2004-01-01 2.2770604119
2004-02-01 2.1301338449
2004-03-01 2.1083753556
2004-04-01 2.3367244750
2004-05-01 2.1845616400
2004-06-01 2.4359822273
2004-07-01 2.7404375374
2004-08-01 2.4976801127
2004-09-01 2.8196290135
2004-10-01 2.5681722909
2004-11-01 2.1785801277
2004-12-01 2.0519422367
2005-01-01 2.3666739464
2005-02-01 2.4090906605
2005-03-01 2.2675495595
2005-04-01 2.2654682398
2005-05-01 2.1333916113
2005-06-01 2.7795590460
2005-07-01 2.4194048718
2005-08-01 2.6039484888
2005-09-01 2.9896270484
2005-10-01 2.4494724348
2005-11-01 2.3744467646
2005-12-01 1.9596965984
2006-01-01 2.2587040439
2006-02-01 2.3752395064
2006-03-01 2.2787882015
2006-04-01 2.0607924089
2006-05-01 2.2066833451
2006-06-01 2.8018893674
2006-07-01 2.6760218665
2006-08-01 2.5785604492
2006-09-01 2.8794223443
2006-10-01 2.2448416799
2006-11-01 2.2022737190
2006-12-01 2.0724216476
2007-01-01 2.1823370829
2007-02-01 2.1592268720
2007-03-01 2.4683959782
2007-04-01 2.2474169731
2007-05-01 2.4142043665
2007-06-01 2.5818651542
2007-07-01 2.8234824538
2007-08-01 2.6424657553
2007-09-01 2.8763843700
2007-10-01 2.3619443178
2007-11-01 2.3414850235
2007-12-01 1.8547430634
2008-01-01 2.2817110643
2008-02-01 2.3461529985
2008-03-01 2.2678572685
2008-04-01 2.1678166464
2008-05-01 2.5199143216
2008-06-01 2.5218110532
2008-07-01 2.6710590348
2008-08-01 2.8940875083
2008-09-01 2.7114275843
2008-10-01 2.5403164327
2008-11-01 2.0044976845
2008-12-01 1.8859505653
2009-01-01 2.0942177624
2009-02-01 2.2114103660
2009-03-01 2.0034413785
2009-04-01 2.0786201581
2009-05-01 2.3477934301
2009-06-01 2.3968171328
2009-07-01 2.3768594489
2009-08-01 2.3060003296
2009-09-01 2.5393487886
2009-10-01 2.2294275463
2009-11-01 1.8886642531
2009-12-01 1.7438417301
2010-01-01 2.0128911361
2010-02-01 1.9696136937
2010-03-01 2.0188897848
2010-04-01 2.1157590672
2010-05-01 2.0942701027
2010-06-01 2.1819526330
2010-07-01 2.5138113648
2010-08-01 2.3833660409
2010-09-01 2.6431474835
2010-10-01 2.0159989595
2010-11-01 1.9138077274
2010-12-01 1.7771549523
2011-01-01 1.8948242068
2011-02-01 1.8132697791
2011-03-01 1.9933888689
2011-04-01 2.0774969831
2011-05-01 1.9917529076
2011-06-01 2.4863414466
2011-07-01 2.3170003667
2011-08-01 2.3096134886
2011-09-01 2.6800818741
2011-10-01 2.1106468514
2011-11-01 2.0695859566
2011-12-01 1.6528178006
2012-01-01 2.1156372502
2012-02-01 2.0764248446
2012-03-01 2.0274635404
2012-04-01 1.8694812432
2012-05-01 1.9211564213
2012-06-01 2.5689933449
2012-07-01 2.3797966540
2012-08-01 2.4998279288
2012-09-01 2.4704648182
2012-10-01 2.1051874384
2012-11-01 1.9516684115
2012-12-01 1.8264392391
2013-01-01 1.8280560151
2013-02-01 2.1060744300
2013-03-01 2.0713103935
2013-04-01 1.8383830786
2013-05-01 2.1680358797
2013-06-01 2.3940905929
2013-07-01 2.2997846827
2013-08-01 2.5013307109
2013-09-01 2.4307673797
2013-10-01 2.1372959018
2013-11-01 1.9910713658
2013-12-01 1.6206920147
2014-01-01 2.2523850203
2014-02-01 1.9838359207
2014-03-01 1.9359646365
2014-04-01 1.9329339266
2014-05-01 2.1548114717
2014-06-01 2.4702399969
2014-07-01 2.5203175843
2014-08-01 2.5676172227
2014-09-01 2.7130153030
2014-10-01 2.3549718782
2014-11-01 2.1279782057
2014-12-01 1.7588352785
2015-01-01 2.1278444678
2015-02-01 2.0876087248
2015-03-01 2.2576833144
2015-04-01 2.2414239123
2015-05-01 2.1954093128
2015-06-01 2.6407560334
2015-07-01 2.7972502634
2015-08-01 2.3998988792
2015-09-01 2.6913248003
2015-10-01 2.5422045961
2015-11-01 2.1355910227
2015-12-01 1.9096219912
2016-01-01 2.1596949548
2016-02-01 2.0548323169
2016-03-01 2.0214762539
2016-04-01 2.0416665822
2016-05-01 1.9933940843
2016-06-01 2.6589643210
2016-07-01 2.5434860960
2016-08-01 2.4092771113
2016-09-01 3.0093166977
2016-10-01 2.2442515939
2016-11-01 2.0638315007
2016-12-01 1.8976196647
2017-01-01 1.9827330485
2017-02-01 2.1808972582
2017-03-01 2.2448854521
2017-04-01 1.9761668518
2017-05-01 2.2642936558
2017-06-01 2.5047203526
2017-07-01 2.4854401127
2017-08-01 2.3132378235
2017-09-01 2.9847988859
2017-10-01 2.1983515471
2017-11-01 2.0161114633
2017-12-01 1.6725916415
2018-01-01 2.0896727219
2018-02-01 2.1746085957
2018-03-01 2.0408954471
2018-04-01 1.8589871004
2018-05-01 2.0006274804
2018-06-01 2.5204118341
2018-07-01 2.4657288566
2018-08-01 2.6287769899
2018-09-01 2.3647163063
2018-10-01 2.0493568853
2018-11-01 1.9833290949
2018-12-01 1.8620435148
2019-01-01 2.1500453353
2019-02-01 2.2609908134
2019-03-01 2.1880785003
2019-04-01 1.8151933327
2019-05-01 2.2485988215
2019-06-01 2.1577615291
2019-07-01 2.6261517778
2019-08-01 2.5672512129
2019-09-01 2.4344198406
2019-10-01 2.1692726761
2019-11-01 2.0530296490
2019-12-01 1.9047245383
2020-01-01 2.2882938385
2020-02-01 2.0856529474
2020-03-01 2.0638076589
2020-04-01 1.7207127064
2020-05-01 1.7004445195
2020-06-01 1.8459942192
2020-07-01 2.0938167349
2020-08-01 2.2670000792
2020-09-01 2.2869186476
2020-10-01 2.3859139532
2020-11-01 2.1704545245
2020-12-01 1.7830820754
2021-01-01 1.9459033385
2021-02-01 2.1333223209
2021-03-01 2.1844794974
2021-04-01 2.1863851696
2021-05-01 1.9543292001
2021-06-01 2.2747220472
2021-07-01 2.8028937057
2021-08-01 2.3496050388
2021-09-01 3.0786551535
2021-10-01 2.2759148851
2021-11-01 2.2181583568
2021-12-01 1.9471934065
2022-01-01 2.3973973468
2022-02-01 2.3048022762
2022-03-01 2.2955859080
2022-04-01 2.3540899158
2022-05-01 2.2790038958
2022-06-01 2.6099951938
2022-07-01 2.4518281221
2022-08-01 2.6813481003
2022-09-01 2.9357111081
2022-10-01 2.4116825312
2022-11-01 2.2499987856
2022-12-01 1.9402574748
2023-01-01 2.1361356601
2023-02-01 2.3678380996
2023-03-01 2.2663185373
2023-04-01 1.8692366779
2023-05-01 2.0092489198
2023-06-01 2.6108674705
2023-07-01 2.6759194210
2023-08-01 2.2730609402
2023-09-01 2.8290767223
2023-10-01 2.1061539650
2023-11-01 2.2375715896
2023-12-01 1.7110172659
2024-01-01 2.0504230633
2024-02-01 2.1035762504
2024-03-01 1.9538972527
2024-04-01 2.0454540849
2024-05-01 2.2246439010
2024-06-01 2.2944495082
2024-07-01 2.3276627064
2024-08-01 2.7368180454
2024-09-01 2.6916194707
2024-10-01 2.3907678202
2024-11-01 1.9434941933
2024-12-01 1.7574718222
2025-01-01 1.9437480718
2025-02-01 2.0589295775
2025-03-01 2.2954551503
2025-04-01 1.9366202876
2025-05-01 2.3537950590
2025-06-01 2.1688569337
2025-07-01 2.3736996576
2025-08-01 2.4909088388
2025-09-01 2.5919465348
2025-10-01 2.2295962377
2025-11-01 2.0610106693
2025-12-01 1.9441679120
2026-01-01 2.2389145568
2026-02-01 2.0965933800
2026-03-01 2.2492492571
2026-04-01 2.2850045934
2026-05-01 2.2381870076
2026-06-01 2.3191312328
2026-07-01 2.1701835096
2026-08-01 2.4067630991

Back to Top