Federal Reserve Economic Data

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 2025-09-01
Last Updated 2025-12-12 1:01 PM CST
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 3.0236216261982900
1995-11-01 3.1001131981611200
1995-12-01 2.1032067015767100
1996-01-01 2.6915261521935400
1996-02-01 2.7185402810573502
1996-03-01 2.5969490408897400
1996-04-01 2.4156916886568000
1996-05-01 3.0103623867034903
1996-06-01 3.0372843146324100
1996-07-01 3.0359681695699700
1996-08-01 3.2649617642164204
1996-09-01 3.1704187393188400
1996-10-01 2.6987403631210300
1996-11-01 2.8612960129976200
1996-12-01 2.0419439300894697
1997-01-01 2.8479726985096900
1997-02-01 2.6169370859861303
1997-03-01 2.6389190927147800
1997-04-01 2.3022377863526300
1997-05-01 2.8055448085069603
1997-06-01 2.9416035860776900
1997-07-01 3.0246881768107400
1997-08-01 3.2087780535221100
1997-09-01 3.2775580883026100
1997-10-01 3.1683143228292403
1997-11-01 2.7227962389588303
1997-12-01 2.3740164935588800
1998-01-01 2.6164826005697200
1998-02-01 2.6376953348517400
1998-03-01 2.5377482175827000
1998-04-01 2.8081029653549100
1998-05-01 2.5603143498301497
1998-06-01 2.9497209936380298
1998-07-01 3.2798495143651900
1998-08-01 2.9620803892612400
1998-09-01 3.0581779778003700
1998-10-01 3.0084120109677300
1998-11-01 2.4536039680242500
1998-12-01 2.3094614967703800
1999-01-01 2.5407142937183300
1999-02-01 2.5539398193359300
1999-03-01 2.4635616689920403
1999-04-01 2.7677856385707800
1999-05-01 2.5029378011822700
1999-06-01 2.8889501467347100
1999-07-01 3.1735721975564903
1999-08-01 2.8488891199231100
1999-09-01 3.6560166627168600
1999-10-01 2.7753256261348700
1999-11-01 2.6261713355779600
1999-12-01 2.6228204369544900
2000-01-01 2.7685664594173400
2000-02-01 2.6871124282479200
2000-03-01 2.8194895014166800
2000-04-01 2.5026341900229400
2000-05-01 2.7975557371973903
2000-06-01 3.3937182277441000
2000-07-01 3.0205262824893000
2000-08-01 2.9017515480518300
2000-09-01 3.4973859786987296
2000-10-01 2.8626851737499200
2000-11-01 2.7699589729309000
2000-12-01 2.0334811881184502
2001-01-01 2.7805574238300300
2001-02-01 2.9341775923967300
2001-03-01 2.4668276309967000
2001-04-01 2.3139975965023000
2001-05-01 2.2962767630815497
2001-06-01 3.0288100242614700
2001-07-01 2.9438050463795600
2001-08-01 3.1759861856698900
2001-09-01 2.9327904805541000
2001-10-01 2.5240020826458900
2001-11-01 2.5213437154889100
2001-12-01 1.9374379888176900
2002-01-01 2.3348897695541297
2002-02-01 2.5463791564106900
2002-03-01 2.2608848288655200
2002-04-01 2.0602447912096900
2002-05-01 2.5811497122049300
2002-06-01 2.7391320094466200
2002-07-01 2.7150327339768400
2002-08-01 2.7250267565250400
2002-09-01 2.7448093518614700
2002-10-01 2.5152891874313300
2002-11-01 2.3791057989001203
2002-12-01 1.7249684780836100
2003-01-01 2.4347694590687700
2003-02-01 2.1387733519077300
2003-03-01 2.1236430853605200
2003-04-01 1.9086113199591600
2003-05-01 2.3418521508574400
2003-06-01 2.4266134947538300
2003-07-01 2.4518769234418800
2003-08-01 2.5256590917706400
2003-09-01 2.6736527681350700
2003-10-01 2.3503284901380500
2003-11-01 1.9786614924669200
2003-12-01 1.8754957243800100
2004-01-01 2.2770604118704800
2004-02-01 2.1301338449120500
2004-03-01 2.1083753556013100
2004-04-01 2.3367244750261300
2004-05-01 2.1845616400241800
2004-06-01 2.4359822273254300
2004-07-01 2.7404375374317100
2004-08-01 2.4976802989840500
2004-09-01 2.8196290135383600
2004-10-01 2.5681722909212100
2004-11-01 2.1785801276564603
2004-12-01 2.0519422367215103
2005-01-01 2.3666739463806100
2005-02-01 2.4090906605124403
2005-03-01 2.2675495594739900
2005-04-01 2.2654682397842400
2005-05-01 2.1333916112780500
2005-06-01 2.7795592322945500
2005-07-01 2.4194050580263100
2005-08-01 2.6039484888315200
2005-09-01 2.9896272346377300
2005-10-01 2.4494726210832600
2005-11-01 2.3744467645883502
2005-12-01 1.9596965983510000
2006-01-01 2.2587040439248000
2006-02-01 2.3752396926283800
2006-03-01 2.2787883877754203
2006-04-01 2.0607924088835700
2006-05-01 2.2066833451390200
2006-06-01 2.8018895536661100
2006-07-01 2.6760218665003700
2006-08-01 2.5785606354475000
2006-09-01 2.8794223442673600
2006-10-01 2.2448416799306800
2006-11-01 2.2022737190127300
2006-12-01 2.0724218338727898
2007-01-01 2.1823372691869700
2007-02-01 2.1592322736978500
2007-03-01 2.4684021249413400
2007-04-01 2.2474231198430000
2007-05-01 2.4142106994986500
2007-06-01 2.5818714872002600
2007-07-01 2.8234893456101400
2007-08-01 2.6424726471304800
2007-09-01 2.8763916343450500
2007-10-01 2.3619513958692497
2007-11-01 2.3414924740791300
2007-12-01 1.8547508865594800
2008-01-01 2.2817192599177303
2008-02-01 2.3476935923099500
2008-03-01 2.2712495177984200
2008-04-01 2.1748149767518000
2008-05-01 2.5239627808332403
2008-06-01 2.5208901613950703
2008-07-01 2.6743367314338600
2008-08-01 2.8942676261067300
2008-09-01 2.7140637859702100
2008-10-01 2.5424925610423000
2008-11-01 2.0073061808943700
2008-12-01 1.8901761621236800
2009-01-01 2.1025296300649603
2009-02-01 2.2178962826728800
2009-03-01 2.0110761746764100
2009-04-01 2.0904241129755903
2009-05-01 2.3543717339634900
2009-06-01 2.3942677304148603
2009-07-01 2.3829357698559700
2009-08-01 2.3059755563735900
2009-09-01 2.5441769510507500
2009-10-01 2.2337093949317900
2009-11-01 1.8942395225167200
2009-12-01 1.7526099458336800
2010-01-01 2.0287845283746697
2010-02-01 1.9784342497587200
2010-03-01 2.0269941538572303
2010-04-01 2.1269725635647703
2010-05-01 2.0991157740354500
2010-06-01 2.1766416728496500
2010-07-01 2.5180207565426800
2010-08-01 2.3810891434550200
2010-09-01 2.6464127004146500
2010-10-01 2.0195521414279898
2010-11-01 1.9171264022588697
2010-12-01 1.7836611717939300
2011-01-01 1.9094232469797097
2011-02-01 1.8210373818874300
2011-03-01 1.9990904256701400
2011-04-01 2.0860150456428500
2011-05-01 1.9955482333898500
2011-06-01 2.4791454896330800
2011-07-01 2.3198729380965200
2011-08-01 2.3054400458931900
2011-09-01 2.6819830760359700
2011-10-01 2.1126538515090902
2011-11-01 2.0703716203570300
2011-12-01 1.6575481742620400
2012-01-01 2.1280311048030800
2012-02-01 2.0819691941142000
2012-03-01 2.0316623151302298
2012-04-01 1.8765171989798500
2012-05-01 1.9241029396653100
2012-06-01 2.5598434731364200
2012-07-01 2.3813584819436000
2012-08-01 2.4942485615611000
2012-09-01 2.4709306657314300
2012-10-01 2.1056029945611900
2012-11-01 1.9519789144396695
2012-12-01 1.8302002921700400
2013-01-01 1.8401959910988800
2013-02-01 2.1105082705616898
2013-03-01 2.0742576569318700
2013-04-01 1.8438315019011504
2013-05-01 2.1681100130081100
2013-06-01 2.3848699405789300
2013-07-01 2.2999972105026200
2013-08-01 2.4939909577369600
2013-09-01 2.4299409240484200
2013-10-01 2.1354654803872100
2013-11-01 1.9893463701009700
2013-12-01 1.6233880072832100
2014-01-01 2.2619159892201400
2014-02-01 1.9867142662405897
2014-03-01 1.9383799284696500
2014-04-01 1.9387165084481200
2014-05-01 2.1550184115767400
2014-06-01 2.4599196389317500
2014-07-01 2.5196723639965000
2014-08-01 2.5597739964723500
2014-09-01 2.7105057612061500
2014-10-01 2.3520017042756000
2014-11-01 2.1259650588035500
2014-12-01 1.7599200829863500
2015-01-01 2.1369600668549498
2015-02-01 2.0904302597045800
2015-03-01 2.2582048550248100
2015-04-01 2.2442402318120000
2015-05-01 2.1943608298897703
2015-06-01 2.6098040863871503
2015-07-01 2.7953788638114903
2015-08-01 2.3909622803330400
2015-09-01 2.6875765994191100
2015-10-01 2.5389684364199600
2015-11-01 2.1322246640920600
2015-12-01 1.9107103347778300
2016-01-01 2.1682308986783000
2016-02-01 2.0564997568726500
2016-03-01 2.0218061283230697
2016-04-01 2.0451454445719700
2016-05-01 1.9925216212868600
2016-06-01 2.6468396186828600
2016-07-01 2.5421526283025700
2016-08-01 2.3997139185667000
2016-09-01 3.0051337555050800
2016-10-01 2.2411096841096803
2016-11-01 2.0609200000762900
2016-12-01 1.8985725939273800
2017-01-01 1.9905796274542800
2017-02-01 2.1813355386257100
2017-03-01 2.2439708933234200
2017-04-01 1.9797673448920200
2017-05-01 2.2623827680945400
2017-06-01 2.4921646341681400
2017-07-01 2.4832373484969100
2017-08-01 2.3032050579786300
2017-09-01 2.9815034940838800
2017-10-01 2.1948792040348000
2017-11-01 2.0129133015871000
2017-12-01 1.6738699749112105
2018-01-01 2.0968325436115200
2018-02-01 2.1760525181889500
2018-03-01 2.0408883690834000
2018-04-01 1.8624093383550600
2018-05-01 1.9994268193840900
2018-06-01 2.5089576840400700
2018-07-01 2.4633917957544300
2018-08-01 2.6186425238847700
2018-09-01 2.3612614721059800
2018-10-01 2.0467257127165700
2018-11-01 1.9802780821919400
2018-12-01 1.8625056371092800
2019-01-01 2.1583771333098403
2019-02-01 2.2620389237999900
2019-03-01 2.1878490224480600
2019-04-01 1.8184550106525400
2019-05-01 2.2470608353614800
2019-06-01 2.1461758762598000
2019-07-01 2.6248734444379800
2019-08-01 2.5566549971699700
2019-09-01 2.4316450580954500
2019-10-01 2.1670375019311900
2019-11-01 2.0498154684901200
2019-12-01 1.9054358825087496
2020-01-01 2.2969527170062000
2020-02-01 2.0865507423877700
2020-03-01 2.0643180236220300
2020-04-01 1.7242856323719000
2020-05-01 1.7011521384119900
2020-06-01 1.8352532759308800
2020-07-01 2.0940726622939100
2020-08-01 2.2571448236703800
2020-09-01 2.2849153727293000
2020-10-01 2.3841081187129000
2020-11-01 2.1683605387806800
2020-12-01 1.7855865880846902
2021-01-01 1.9550234079360900
2021-02-01 2.1358171477913803
2021-03-01 2.1855952218174900
2021-04-01 2.1913651376962600
2021-05-01 1.9554963335394800
2021-06-01 2.2639364004135100
2021-07-01 2.8031254187226300
2021-08-01 2.3403096944093700
2021-09-01 3.0766194686293600
2021-10-01 2.2738371044397300
2021-11-01 2.2165605798363600
2021-12-01 1.9504481926560400
2022-01-01 2.4068782106041900
2022-02-01 2.3081311956048003
2022-03-01 2.2972632199525800
2022-04-01 2.3585306480526900
2022-05-01 2.2796347737312300
2022-06-01 2.6001630350947300
2022-07-01 2.4521758779883300
2022-08-01 2.6724390685558297
2022-09-01 2.9346188530325800
2022-10-01 2.4110861122608100
2022-11-01 2.2489814087748500
2022-12-01 1.9440550357103300
2023-01-01 2.1475885063409800
2023-02-01 2.3721827194094600
2023-03-01 2.2697417065501200
2023-04-01 1.8756315112113904
2023-05-01 2.0122379064559897
2023-06-01 2.6025818660855200
2023-07-01 2.6778385043144200
2023-08-01 2.2664647549390700
2023-09-01 2.8295105323195400
2023-10-01 2.1075474098324700
2023-11-01 2.2393133491277600
2023-12-01 1.7167441546916900
2024-01-01 2.0630160346627200
2024-02-01 2.1092841401696200
2024-03-01 1.9589029252529100
2024-04-01 2.0543584600090900
2024-05-01 2.2291351109743100
2024-06-01 2.2875765338540000
2024-07-01 2.3323927074670703
2024-08-01 2.7311911806464100
2024-09-01 2.6937138289213100
2024-10-01 2.3934125900268500
2024-11-01 1.9461004063487000
2024-12-01 1.7646217718720400
2025-01-01 1.9576152786612500
2025-02-01 2.0659016445279100
2025-03-01 2.3012822493910700
2025-04-01 1.9463490694761200
2025-05-01 2.3594060912728300
2025-06-01 2.1641926839947700
2025-07-01 2.3800492286682102
2025-08-01 2.4872098118066700
2025-09-01 2.5962535291910100

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