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 FMPSA
Source Federal Reserve Bank of Philadelphia
Release Fujita, Moscarini, and Postel-Vinay Employer-to-Employer Transition Probability
Seasonal Adjustment Seasonally Adjusted
Frequency Monthly
Units Percent
Date Range 1995-10-01 to 2026-05-01
Last Updated 2026-06-12 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 2.8512342522402200
1995-11-01 3.0753640130359500
1995-12-01 2.6773452538814900
1996-01-01 2.7887981726445200
1996-02-01 2.8622784445554400
1996-03-01 2.8042421363321600
1996-04-01 2.8351479154227697
1996-05-01 3.0461298988954100
1996-06-01 2.8391992006585400
1996-07-01 2.6913298501329400
1996-08-01 2.9182707760003100
1996-09-01 2.7553934169401600
1996-10-01 2.5474396191048703
1996-11-01 2.8650849031067000
1996-12-01 2.5789219084505200
1997-01-01 2.9526395033378403
1997-02-01 2.7560281249456400
1997-03-01 2.8381937264248600
1997-04-01 2.6956345866554900
1997-05-01 2.8486036570560600
1997-06-01 2.7282674391535800
1997-07-01 2.6859421069578600
1997-08-01 2.8944037910017200
1997-09-01 2.8286608151003000
1997-10-01 3.0013112587024200
1997-11-01 2.7681985911910900
1997-12-01 2.9689345111152400
1998-01-01 2.7002941229181400
1998-02-01 2.7654876814118703
1998-03-01 2.7185499581747300
1998-04-01 3.2759091145126800
1998-05-01 2.6398489963963900
1998-06-01 2.7026998609864803
1998-07-01 2.9080314123024897
1998-08-01 2.7056077838200000
1998-09-01 2.6177510238675800
1998-10-01 2.8631422096746600
1998-11-01 2.5230333529708897
1998-12-01 2.8679148030353900
1999-01-01 2.6240817869732800
1999-02-01 2.6525449878478100
1999-03-01 2.6360107529968500
1999-04-01 3.2193629275427200
1999-05-01 2.6175061532975600
1999-06-01 2.6061600289420000
1999-07-01 2.8117118797094300
1999-08-01 2.6299062325512400
1999-09-01 3.1175071886669500
1999-10-01 2.6558674410204200
1999-11-01 2.7148497059245700
1999-12-01 3.2684274956410600
2000-01-01 2.8397967659165000
2000-02-01 2.7648918870621100
2000-03-01 3.0219822868052900
2000-04-01 2.9120805119093600
2000-05-01 2.9529722094957200
2000-06-01 3.0345311281334400
2000-07-01 2.6785318575529200
2000-08-01 2.6837797415793703
2000-09-01 2.9704868731236100
2000-10-01 2.7583249716706700
2000-11-01 2.8672573116493400
2000-12-01 2.5530668088123000
2001-01-01 2.8350285347081000
2001-02-01 3.0085925730632500
2001-03-01 2.6473926703351800
2001-04-01 2.6939840199028200
2001-05-01 2.4152101329992200
2001-06-01 2.7013071540754700
2001-07-01 2.6228899852809300
2001-08-01 2.9321973366083500
2001-09-01 2.4873851295171500
2001-10-01 2.4429110392068500
2001-11-01 2.6156293674043800
2001-12-01 2.4529946307077800
2002-01-01 2.3522521708899400
2002-02-01 2.6080975936798803
2002-03-01 2.4328548765989200
2002-04-01 2.3916074578741600
2002-05-01 2.7157381978821600
2002-06-01 2.4543781360322100
2002-07-01 2.4274801847338000
2002-08-01 2.5004747125560898
2002-09-01 2.3221316081123500
2002-10-01 2.4355438524244800
2002-11-01 2.4820018999529500
2002-12-01 2.1743936853031300
2003-01-01 2.4564005485836200
2003-02-01 2.1919338828423800
2003-03-01 2.2876328293543100
2003-04-01 2.2045624593680100
2003-05-01 2.4668527728375400
2003-06-01 2.1857427410901200
2003-07-01 2.1861244552923200
2003-08-01 2.3112194287340500
2003-09-01 2.2563672835119300
2003-10-01 2.2756856151766700
2003-11-01 2.0840155569761300
2003-12-01 2.3316222225797400
2004-01-01 2.3149806955480900
2004-02-01 2.2009986819769100
2004-03-01 2.2623392876683903
2004-04-01 2.6695958145177400
2004-05-01 2.3036803285761400
2004-06-01 2.2084290203749600
2004-07-01 2.4265640431257500
2004-08-01 2.2839885081272500
2004-09-01 2.3642726402733403
2004-10-01 2.5083954623359200
2004-11-01 2.3156538840739898
2004-12-01 2.5169028948264800
2005-01-01 2.4415914346736000
2005-02-01 2.5095690026874298
2005-03-01 2.4106797677804800
2005-04-01 2.5579195529728700
2005-05-01 2.2313960754816200
2005-06-01 2.5333192398414900
2005-07-01 2.1317668599885000
2005-08-01 2.3898666673725500
2005-09-01 2.4960791891768300
2005-10-01 2.4101654487163300
2005-11-01 2.5460409699930400
2005-12-01 2.3849317251858500
2006-01-01 2.3672394074183902
2006-02-01 2.4817968177738000
2006-03-01 2.4122573610259400
2006-04-01 2.2897270402989300
2006-05-01 2.2827698968694600
2006-06-01 2.5587953838039500
2006-07-01 2.3560826462342000
2006-08-01 2.3718334530245300
2006-09-01 2.4030584229047800
2006-10-01 2.2215653819893200
2006-11-01 2.3710299008195000
2006-12-01 2.5252539478763100
2007-01-01 2.3225155848164100
2007-02-01 2.2518515141880897
2007-03-01 2.6118571353099900
2007-04-01 2.4625206057875500
2007-05-01 2.4575135097582100
2007-06-01 2.3670560475101100
2007-07-01 2.4832198768332800
2007-08-01 2.4231574709424697
2007-09-01 2.4020952159611000
2007-10-01 2.3465815257009100
2007-11-01 2.5360825656099800
2007-12-01 2.2582429172461100
2008-01-01 2.4523370314005000
2008-02-01 2.4688600824493703
2008-03-01 2.4110999973205800
2008-04-01 2.3484506172404203
2008-05-01 2.5472049643433100
2008-06-01 2.3233067164177900
2008-07-01 2.3693063378129200
2008-08-01 2.6577900871175200
2008-09-01 2.2709222259588400
2008-10-01 2.5447991450311000
2008-11-01 2.1912422885525900
2008-12-01 2.3264884015466600
2009-01-01 2.2603184294994203
2009-02-01 2.3522886769881300
2009-03-01 2.1458245412491400
2009-04-01 2.2398565164086000
2009-05-01 2.3825260947388100
2009-06-01 2.2047088452303400
2009-07-01 2.1230238317803700
2009-08-01 2.1119326648723900
2009-09-01 2.1342543214342102
2009-10-01 2.2458698000448200
2009-11-01 2.0880639624140700
2009-12-01 2.1598988016498297
2010-01-01 2.1759683025147300
2010-02-01 2.1039387933373100
2010-03-01 2.1673313074187900
2010-04-01 2.2723691405758100
2010-05-01 2.1406946856599800
2010-06-01 1.9797724259599500
2010-07-01 2.2590203754567400
2010-08-01 2.1629660912152300
2010-09-01 2.2199237599032800
2010-10-01 2.0298077661062800
2010-11-01 2.1027414432729000
2010-12-01 2.2074743251432300
2011-01-01 2.0294064178949800
2011-02-01 1.9312275818118800
2011-03-01 2.1393345139570600
2011-04-01 2.2515998828767700
2011-05-01 2.0577167668726400
2011-06-01 2.2237163191609803
2011-07-01 2.0866734144691100
2011-08-01 2.0644111309578900
2011-09-01 2.2485302696361200
2011-10-01 2.1273171210853800
2011-11-01 2.2588515878226803
2011-12-01 2.0547407019792900
2012-01-01 2.2584109126144800
2012-02-01 2.2149583225683003
2012-03-01 2.1625340981339500
2012-04-01 2.0421635573843400
2012-05-01 1.9992911110353000
2012-06-01 2.2726359163112297
2012-07-01 2.1374193527176000
2012-08-01 2.2216018625189500
2012-09-01 2.0780430756907100
2012-10-01 2.1123249695385300
2012-11-01 2.1043911622521300
2012-12-01 2.2844167657058300
2013-01-01 1.9401869537382100
2013-02-01 2.2501109457457700
2013-03-01 2.2033738869562303
2013-04-01 2.0253587210061700
2013-05-01 2.2674247749145300
2013-06-01 2.0980752850438800
2013-07-01 2.0469966470260000
2013-08-01 2.2172091291261200
2013-09-01 2.0583036252684500
2013-10-01 2.1273234047754700
2013-11-01 2.1401687691317000
2013-12-01 2.0235457056802200
2014-01-01 2.3833025505963200
2014-02-01 2.1171573150655503
2014-03-01 2.0504250413197900
2014-04-01 2.1410943635779000
2014-05-01 2.2434896093799500
2014-06-01 2.1558205585562300
2014-07-01 2.2260978179621200
2014-08-01 2.2966983895436400
2014-09-01 2.3152855387650700
2014-10-01 2.3188804299863900
2014-11-01 2.2830578914978800
2014-12-01 2.1901117820165300
2015-01-01 2.2369365989523000
2015-02-01 2.2156954917075100
2015-03-01 2.3871184466649200
2015-04-01 2.4858641706080200
2015-05-01 2.2809262790519400
2015-06-01 2.2796507344127000
2015-07-01 2.4460758696279300
2015-08-01 2.1628192772827900
2015-09-01 2.3124444753377200
2015-10-01 2.5038356137439000
2015-11-01 2.2973137312365700
2015-12-01 2.3570614944199600
2016-01-01 2.2590972265675000
2016-02-01 2.1573623684539400
2016-03-01 2.1151541171057100
2016-04-01 2.2696738400231697
2016-05-01 2.0608801204104000
2016-06-01 2.3332676006040300
2016-07-01 2.2074059164184803
2016-08-01 2.1923122786450900
2016-09-01 2.6112828051532100
2016-10-01 2.2218742622547500
2016-11-01 2.2160954426351000
2016-12-01 2.3098188726605500
2017-01-01 2.0412118416407800
2017-02-01 2.2453018218349800
2017-03-01 2.3246387677408697
2017-04-01 2.2152391906607000
2017-05-01 2.3599739755495097
2017-06-01 2.2263834035525700
2017-07-01 2.1560594957393700
2017-08-01 2.0934541546473100
2017-09-01 2.6136535448981704
2017-10-01 2.1978672282319900
2017-11-01 2.1502581530101400
2017-12-01 1.9968779326792900
2018-01-01 2.1318059641203900
2018-02-01 2.1951060783550200
2018-03-01 2.0782468515156500
2018-04-01 2.0955505239280003
2018-05-01 2.0979155338784500
2018-06-01 2.3078555406643297
2018-07-01 2.1381680928440300
2018-08-01 2.3696407380146000
2018-09-01 2.0647364471346000
2018-10-01 2.0621677803927700
2018-11-01 2.0912130641037100
2018-12-01 2.1996515866018600
2019-01-01 2.1738637856346100
2019-02-01 2.2520190548772700
2019-03-01 2.2134314698394100
2019-04-01 2.0330771297552500
2019-05-01 2.3918740880749700
2019-06-01 2.0233755290811900
2019-07-01 2.2914462426569497
2019-08-01 2.2924918651800503
2019-09-01 2.0989278777363700
2019-10-01 2.1902000063990200
2019-11-01 2.1383803911674600
2019-12-01 2.2395121254045300
2020-01-01 2.3229703385232100
2020-02-01 2.0644325625670200
2020-03-01 2.0751193540137100
2020-04-01 1.9081236481846700
2020-05-01 1.8278458948538400
2020-06-01 1.7698722209472700
2020-07-01 1.8199091389223300
2020-08-01 2.0285850367212700
2020-09-01 1.9264785161919800
2020-10-01 2.4105089685211700
2020-11-01 2.2364893870407100
2020-12-01 2.1020881207009700
2021-01-01 1.9800717635359900
2021-02-01 2.1199658799619600
2021-03-01 2.2119942898293100
2021-04-01 2.3902999482318000
2021-05-01 2.1186830836241900
2021-06-01 2.1977433555769500
2021-07-01 2.4546015793545300
2021-08-01 2.0894346809612000
2021-09-01 2.5381215090781400
2021-10-01 2.2768126053177897
2021-11-01 2.2731510900525100
2021-12-01 2.3171788524368400
2022-01-01 2.4890905812841200
2022-02-01 2.3112259455361200
2022-03-01 2.3294901085557900
2022-04-01 2.5483282739832500
2022-05-01 2.4510064560548800
2022-06-01 2.5261672011786100
2022-07-01 2.1481707042551600
2022-08-01 2.3859292655221500
2022-09-01 2.3728723008835700
2022-10-01 2.3922684667308100
2022-11-01 2.3143853385621700
2022-12-01 2.3376376348540497
2023-01-01 2.2353760588059200
2023-02-01 2.4085589999737500
2023-03-01 2.3133414530181800
2023-04-01 1.9975975766186000
2023-05-01 2.1198489229356703
2023-06-01 2.5017403001641200
2023-07-01 2.3738039143036000
2023-08-01 1.9941901543975800
2023-09-01 2.2725677897872300
2023-10-01 2.0623121823512900
2023-11-01 2.3278708762202800
2023-12-01 2.0700396894104900
2024-01-01 2.1670668202754100
2024-02-01 2.1561738025567800
2024-03-01 1.9840913937849400
2024-04-01 2.1900233993784300
2024-05-01 2.3040151276178302
2024-06-01 2.1814121830614100
2024-07-01 2.0667072402630000
2024-08-01 2.3898396991171000
2024-09-01 2.1621720782111800
2024-10-01 2.3348604353340300
2024-11-01 2.0340947985325700
2024-12-01 2.1262525863178300
2025-01-01 2.0491738228680700
2025-02-01 2.1285364060047200
2025-03-01 2.3371368971429000
2025-04-01 2.0710767063867803
2025-05-01 2.4075728703645800
2025-06-01 2.0553736013134800
2025-07-01 2.1155007832649500
2025-08-01 2.1543698155087903
2025-09-01 2.0859086836944800
2025-10-01 2.1682090038426200
2025-11-01 2.1587089010714700
2025-12-01 2.3558019050057400
2026-01-01 2.3738586877508903
2026-02-01 2.1748668524538504
2026-03-01 2.2832205129379300
2026-04-01 2.4472331767133400
2026-05-01 2.2675750831510000

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