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 2026-04-01
Last Updated 2026-05-15 1:00 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 3.0236154794693000
1995-11-01 3.1001077964901900
1995-12-01 2.1032018586993200
1996-01-01 2.6915222406387302
1996-02-01 2.7185345068573900
1996-03-01 2.5969432666897703
1996-04-01 2.4156861007213500
1996-05-01 3.0103575438261000
1996-06-01 3.0372790992259900
1996-07-01 3.0359646305441803
1996-08-01 3.2649587839841803
1996-09-01 3.1704165041446600
1996-10-01 2.6987385004758800
1996-11-01 2.8612939640879600
1996-12-01 2.0419422537088300
1997-01-01 2.8479710221290500
1997-02-01 2.6169350370764700
1997-03-01 2.6389170438051200
1997-04-01 2.3022362962365097
1997-05-01 2.8055436909198700
1997-06-01 2.9416024684906000
1997-07-01 3.0246876180171900
1997-08-01 3.2087776809930800
1997-09-01 3.2775577157735800
1997-10-01 3.1683150678873000
1997-11-01 2.7227969840168900
1997-12-01 2.3740177974104800
1998-01-01 2.6164840906858400
1998-02-01 2.6376962661743100
1998-03-01 2.5377493351697900
1998-04-01 2.8081044554710300
1998-05-01 2.5603162124753000
1998-06-01 2.9497226700186703
1998-07-01 3.2798513770103400
1998-08-01 2.9620824381709100
1998-09-01 3.0581805855035697
1998-10-01 3.0084155499935100
1998-11-01 2.4536076933145500
1998-12-01 2.3094654083251900
1999-01-01 2.5407187640666900
1999-02-01 2.5539435446262300
1999-03-01 2.4635650217533103
1999-04-01 2.7677886188030203
1999-05-01 2.5029420852661100
1999-06-01 2.8889538720250100
1999-07-01 3.1735766679048500
1999-08-01 2.8488939628005000
1999-09-01 3.6560215055942500
1999-10-01 2.7753314003348297
1999-11-01 2.6261771097779203
1999-12-01 2.6228256523609100
2000-01-01 2.7685727924108496
2000-02-01 2.6871180161833700
2000-03-01 2.8194947168231000
2000-04-01 2.5026386603713000
2000-05-01 2.7975613251328400
2000-06-01 3.3937241882085800
2000-07-01 3.0205324292182900
2000-08-01 2.9017582535743700
2000-09-01 3.4973926842212600
2000-10-01 2.8626928105950302
2000-11-01 2.7699666097760200
2000-12-01 2.0334888249635700
2001-01-01 2.7805656194686800
2001-02-01 2.9341839253902400
2001-03-01 2.4668335914611800
2001-04-01 2.3140035569667800
2001-05-01 2.2962836548686000
2001-06-01 3.0288169160485200
2001-07-01 2.9438128694891900
2001-08-01 3.1759932637214600
2001-09-01 2.9327979311347000
2001-10-01 2.5240108370780900
2001-11-01 2.5213520973920800
2001-12-01 1.9374452531337700
2002-01-01 2.3348985239863400
2002-02-01 2.5463856756687098
2002-03-01 2.2608904168009700
2002-04-01 2.0602500066161102
2002-05-01 2.5811556726694100
2002-06-01 2.7391385287046400
2002-07-01 2.7150388807058300
2002-08-01 2.7250325307250000
2002-09-01 2.7448156848549803
2002-10-01 2.5152955204248400
2002-11-01 2.3791121318936300
2002-12-01 1.7249748110771100
2003-01-01 2.4347750470042200
2003-02-01 2.1387772634625400
2003-03-01 2.1236464381217903
2003-04-01 1.9086144864559100
2003-05-01 2.3418553173542000
2003-06-01 2.4266170337796200
2003-07-01 2.4518800899386400
2003-08-01 2.5256616994738500
2003-09-01 2.6736555621027900
2003-10-01 2.3503318428993203
2003-11-01 1.9786654040217400
2003-12-01 1.8754985183477400
2004-01-01 2.2770628333091700
2004-02-01 2.1301340311765600
2004-03-01 2.1083751693367900
2004-04-01 2.3367239162325800
2004-05-01 2.1845607087016097
2004-06-01 2.4359809234738300
2004-07-01 2.7404354885220500
2004-08-01 2.4976780638098700
2004-09-01 2.8196265920996600
2004-10-01 2.5681706145405700
2004-11-01 2.1785778924822800
2004-12-01 2.0519390702247600
2005-01-01 2.3666698485612800
2005-02-01 2.4090847000479600
2005-03-01 2.2675430402159600
2005-04-01 2.2654619067907300
2005-05-01 2.1333839744329400
2005-06-01 2.7795506641268700
2005-07-01 2.4193959310650803
2005-08-01 2.6039397343993100
2005-09-01 2.9896182939410200
2005-10-01 2.4494644254446000
2005-11-01 2.3744381964206700
2005-12-01 1.9596878439188000
2006-01-01 2.2586934268474500
2006-02-01 2.3752259090542700
2006-03-01 2.2787759080529200
2006-04-01 2.0607778802514000
2006-05-01 2.2066669538617100
2006-06-01 2.8018733486533100
2006-07-01 2.6760052889585400
2006-08-01 2.5785427540540600
2006-09-01 2.8794031590223300
2006-10-01 2.2448237985372503
2006-11-01 2.2022545337677000
2006-12-01 2.0724007859826000
2007-01-01 2.1823126822710000
2007-02-01 2.1583937108516600
2007-03-01 2.4674667045474000
2007-04-01 2.2465024143457400
2007-05-01 2.4132359772920600
2007-06-01 2.5808718055486600
2007-07-01 2.8224073350429500
2007-08-01 2.6413736864924400
2007-09-01 2.8752511367201800
2007-10-01 2.3608170449733700
2007-11-01 2.3403016850352200
2007-12-01 1.8535187467932700
2008-01-01 2.2804461419582300
2008-02-01 2.3487662896513900
2008-03-01 2.2745450958609500
2008-04-01 2.1786877885460800
2008-05-01 2.5303374975919700
2008-06-01 2.5272000581026000
2008-07-01 2.6808170601725500
2008-08-01 2.9007239267230000
2008-09-01 2.7209483087062800
2008-10-01 2.5493817403912500
2008-11-01 2.0136762410402200
2008-12-01 1.8951535224914500
2009-01-01 2.1030601114034600
2009-02-01 2.2235482931137000
2009-03-01 2.0187325775623300
2009-04-01 2.0968690514564500
2009-05-01 2.3674644529819400
2009-06-01 2.4059100076556200
2009-07-01 2.3955665528774200
2009-08-01 2.3178882896900100
2009-09-01 2.5563513860106400
2009-10-01 2.2456543520092900
2009-11-01 1.9052509218454297
2009-12-01 1.7605418339371600
2010-01-01 2.0290680229663800
2010-02-01 1.9854618236422500
2010-03-01 2.0344914868474000
2010-04-01 2.1305881440639500
2010-05-01 2.1096132695674900
2010-06-01 2.1869031712412800
2010-07-01 2.5283902883529600
2010-08-01 2.3913085460662800
2010-09-01 2.6564713567495300
2010-10-01 2.0280655473470600
2010-11-01 1.9259208813309600
2010-12-01 1.7896812409162500
2011-01-01 1.9073577597737300
2011-02-01 1.8249442800879400
2011-03-01 2.0042022690176900
2011-04-01 2.0877439528703600
2011-05-01 2.0030716434121100
2011-06-01 2.4869097396731300
2011-07-01 2.3274455219507200
2011-08-01 2.3128621280193300
2011-09-01 2.6893021538853600
2011-10-01 2.1192854270339000
2011-11-01 2.0774289965629500
2011-12-01 1.6612729057669602
2012-01-01 2.1238520741462700
2012-02-01 2.0839199423789903
2012-03-01 2.0346254110336300
2012-04-01 1.8758656457066500
2012-05-01 1.9290030002593900
2012-06-01 2.5653077289462000
2012-07-01 2.3866137489676400
2012-08-01 2.4993203580379400
2012-09-01 2.4759693071246100
2012-10-01 2.1094877272844300
2012-11-01 1.9561229273676800
2012-12-01 1.8314810469746496
2013-01-01 1.8330676481127700
2013-02-01 2.1099967882037100
2013-03-01 2.0741980522871000
2013-04-01 1.8409980461001400
2013-05-01 2.1713664755225097
2013-06-01 2.3876531049609100
2013-07-01 2.3029975593090000
2013-08-01 2.4966249242424900
2013-09-01 2.4326214566826800
2013-10-01 2.1374352276325204
2013-11-01 1.9911695271730400
2013-12-01 1.6218496486544598
2014-01-01 2.2533038631081500
2014-02-01 1.9839804619550700
2014-03-01 1.9361281767487504
2014-04-01 1.9326929003000200
2014-05-01 2.1551731973886400
2014-06-01 2.4603042751550603
2014-07-01 2.5201877579092900
2014-08-01 2.5601632893085400
2014-09-01 2.7109928429126700
2014-10-01 2.3515522480010898
2014-11-01 2.1252684295177400
2014-12-01 1.7563948407769200
2015-01-01 2.1255187690258000
2015-02-01 2.0845564082264900
2015-03-01 2.2540060803294097
2015-04-01 2.2364053875207900
2015-05-01 2.1921036764979300
2015-06-01 2.6025770232081400
2015-07-01 2.7934338897466600
2015-08-01 2.3887103423476200
2015-09-01 2.6856340467929800
2015-10-01 2.5358829647302600
2015-11-01 2.1294990554451902
2015-12-01 1.9043609499931300
2016-01-01 2.1545290946960400
2016-02-01 2.0489064976572900
2016-03-01 2.0152138546109200
2016-04-01 2.0344616845250100
2016-05-01 1.9876860082149500
2016-06-01 2.6423079892992902
2016-07-01 2.5373138487339000
2016-08-01 2.3948820307850800
2016-09-01 3.0004803091287600
2016-10-01 2.2353932261466900
2016-11-01 2.0549714565277100
2016-12-01 1.8896298483014100
2017-01-01 1.9744910299777900
2017-02-01 2.1713946014642700
2017-03-01 2.2351002320647200
2017-04-01 1.9664164632558800
2017-05-01 2.2553987801074897
2017-06-01 2.4852117523550900
2017-07-01 2.4764018133282600
2017-08-01 2.2961923852562900
2017-09-01 2.9738986864686000
2017-10-01 2.1863082423806100
2017-11-01 2.0043676719069400
2017-12-01 1.6623403877019798
2018-01-01 2.0784510299563400
2018-02-01 2.1629685536026900
2018-03-01 2.0283622667193400
2018-04-01 1.8463300541043200
2018-05-01 1.9890177994966500
2018-06-01 2.4987898766994400
2018-07-01 2.4537140503525700
2018-08-01 2.6086244732141400
2018-09-01 2.3512963205575903
2018-10-01 2.0351564511656700
2018-11-01 1.9689051434397704
2018-12-01 1.8481241539120600
2019-01-01 2.1364072337746600
2019-02-01 2.2461950778961097
2019-03-01 2.1726973354816400
2019-04-01 1.7995199188590000
2019-05-01 2.2340832278132400
2019-06-01 2.1330418065190300
2019-07-01 2.6119517162442200
2019-08-01 2.5438627228140800
2019-09-01 2.4186735972762100
2019-10-01 2.1526673808693800
2019-11-01 2.0354669541120503
2019-12-01 1.8879352137446400
2020-01-01 2.2718064486980400
2020-02-01 2.0680449903011300
2020-03-01 2.0467193797230700
2020-04-01 1.7062816768884600
2020-05-01 1.6868719831108998
2020-06-01 1.8219053745269700
2020-07-01 2.0803486928343700
2020-08-01 2.2417306900024400
2020-09-01 2.2695112973451600
2020-10-01 2.3670705035328800
2020-11-01 2.1513255313038804
2020-12-01 1.7647581174969600
2021-01-01 1.9273715093731800
2021-02-01 2.1145846694707800
2021-03-01 2.1647321060299800
2021-04-01 2.1666681393980900
2021-05-01 1.9365340471267700
2021-06-01 2.2451484575867600
2021-07-01 2.7842395007610300
2021-08-01 2.3214064538478800
2021-09-01 3.0572995543479897
2021-10-01 2.2533932700753203
2021-11-01 2.1961392834782600
2021-12-01 1.9259003922343200
2022-01-01 2.3762971162796000
2022-02-01 2.2832030430436100
2022-03-01 2.2729745134711200
2022-04-01 2.3307014256715703
2022-05-01 2.2573163732886300
2022-06-01 2.5780946016311600
2022-07-01 2.4300489574670703
2022-08-01 2.6503803208470300
2022-09-01 2.9118020087480500
2022-10-01 2.3873798549175200
2022-11-01 2.2250952199101400
2022-12-01 1.9162699580192500
2023-01-01 2.1128777414560300
2023-02-01 2.3438861593604000
2023-03-01 2.2414630278944900
2023-04-01 1.8440501764416600
2023-05-01 1.9860539585351900
2023-06-01 2.5768920779228200
2023-07-01 2.6517365127801800
2023-08-01 2.2404184564948000
2023-09-01 2.8033394366502700
2023-10-01 2.0795328542590100
2023-11-01 2.2110832855105400
2023-12-01 1.6850451007485300
2024-01-01 2.0249813795089700
2024-02-01 2.0772168412804600
2024-03-01 1.9269334152340800
2024-04-01 2.0180560648441300
2024-05-01 2.1992387250065800
2024-06-01 2.2580789402127200
2024-07-01 2.3020843043923302
2024-08-01 2.7013260871171900
2024-09-01 2.6635289192199700
2024-10-01 2.3618936538696200
2024-11-01 1.9150272011756900
2024-12-01 1.7290487885475100
2025-01-01 1.9157458096742600
2025-02-01 2.0306764170527400
2025-03-01 2.2665541619062400
2025-04-01 1.9073357805609696
2025-05-01 2.3265408352017400
2025-06-01 2.1307675167918200
2025-07-01 2.3463854566216400
2025-08-01 2.4540707468986502
2025-09-01 2.5623660534620200
2025-10-01 2.1993410866709500
2025-11-01 2.0311783179544100
2025-12-01 1.9142292439937500
2026-01-01 2.2092504426836900
2026-02-01 2.0659742876887300
2026-03-01 2.2175665944814600
2026-04-01 2.2539494559168800

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