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 2026-06-01
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 2.8512348857600600
1995-11-01 3.0753645424828098
1995-12-01 2.6773460150280700
1996-01-01 2.7887988009892903
1996-02-01 2.8622789875430300
1996-03-01 2.8042426819172803
1996-04-01 2.8351483710481102
1996-05-01 3.0461302533471600
1996-06-01 2.8391994159272400
1996-07-01 2.6913299495662100
1996-08-01 2.9182708879043200
1996-09-01 2.7553932824619300
1996-10-01 2.5474399443352000
1996-11-01 2.8650852991910303
1996-12-01 2.5789223143196103
1997-01-01 2.9526399895658500
1997-02-01 2.7560282920503200
1997-03-01 2.8381938322259200
1997-04-01 2.6956347663370900
1997-05-01 2.8486035096047200
1997-06-01 2.7282671344495400
1997-07-01 2.6859418766344900
1997-08-01 2.8944037266357503
1997-09-01 2.8286600568853600
1997-10-01 3.0013113861978200
1997-11-01 2.7681989038471600
1997-12-01 2.9689365463691000
1998-01-01 2.7002944668364900
1998-02-01 2.7654883202175102
1998-03-01 2.7185499491295904
1998-04-01 3.2759093677104300
1998-05-01 2.6398457583286800
1998-06-01 2.7026996901629400
1998-07-01 2.9080312640726600
1998-08-01 2.7056065804022200
1998-09-01 2.6177500980251700
1998-10-01 2.8631421303334603
1998-11-01 2.5230338375101700
1998-12-01 2.8679188758230500
1999-01-01 2.6240830454769500
1999-02-01 2.6525470791128800
1999-03-01 2.6360120129502200
1999-04-01 3.2193642877671500
1999-05-01 2.6174920482391300
1999-06-01 2.6061605497059500
1999-07-01 2.8117122159100902
1999-08-01 2.6299045160068700
1999-09-01 3.1175065974367900
1999-10-01 2.6558676108397500
1999-11-01 2.7148506489276003
1999-12-01 3.2684389681129300
2000-01-01 2.8397983248080800
2000-02-01 2.7648946331224300
2000-03-01 3.0219838286116700
2000-04-01 2.9120820203941800
2000-05-01 2.9529449823447500
2000-06-01 3.0345317830528500
2000-07-01 2.6785320991063300
2000-08-01 2.6837773162558400
2000-09-01 2.9704874637240200
2000-10-01 2.7583266423496500
2000-11-01 2.8672596726105100
2000-12-01 2.5530814567548300
2001-01-01 2.8350313411288200
2001-02-01 3.0085966420203300
2001-03-01 2.6473937130225900
2001-04-01 2.6939872014233500
2001-05-01 2.4151787035538703
2001-06-01 2.7013039504163000
2001-07-01 2.6228866882218800
2001-08-01 2.9321924275148600
2001-09-01 2.4873858502600000
2001-10-01 2.4429147529039000
2001-11-01 2.6156355999881400
2001-12-01 2.4530187004454400
2002-01-01 2.3522598637872600
2002-02-01 2.6081063186155498
2002-03-01 2.4328584806518000
2002-04-01 2.3916131030510500
2002-05-01 2.7156837482525700
2002-06-01 2.4543692902711300
2002-07-01 2.4274647582571403
2002-08-01 2.5004631124787000
2002-09-01 2.3221265002526600
2002-10-01 2.4355444184921600
2002-11-01 2.4820082734848100
2002-12-01 2.1744323419687600
2003-01-01 2.4564464150163100
2003-02-01 2.1919777359791600
2003-03-01 2.2876754002631500
2003-04-01 2.2046069792654600
2003-05-01 2.4668293654484700
2003-06-01 2.1854726410888200
2003-07-01 2.1861391522949600
2003-08-01 2.3112401795702300
2003-09-01 2.2563855655153400
2003-10-01 2.2757025269763700
2003-11-01 2.0840354937222800
2003-12-01 2.3316777483269800
2004-01-01 2.3150380370136303
2004-02-01 2.2011261055579103
2004-03-01 2.2624775494494700
2004-04-01 2.6696555822090200
2004-05-01 2.3036602213436400
2004-06-01 2.2078636088361900
2004-07-01 2.4265870710417300
2004-08-01 2.2840239857997200
2004-09-01 2.3643117858175500
2004-10-01 2.5084394643278203
2004-11-01 2.3157092405081400
2004-12-01 2.5170067813302400
2005-01-01 2.4417210411483000
2005-02-01 2.5098573865169600
2005-03-01 2.4109401291468697
2005-04-01 2.5579635259009400
2005-05-01 2.2313899607049600
2005-06-01 2.5320485163271700
2005-07-01 2.1317945436514300
2005-08-01 2.3900706553833900
2005-09-01 2.4961702790742000
2005-10-01 2.4102431793964000
2005-11-01 2.5461136461739700
2005-12-01 2.3851002730291000
2006-01-01 2.3674521710208603
2006-02-01 2.4822750787558600
2006-03-01 2.4126969326612400
2006-04-01 2.2897428175409800
2006-05-01 2.2827368199034800
2006-06-01 2.5565827032037200
2006-07-01 2.3561678868700900
2006-08-01 2.3722702243220800
2006-09-01 2.4032649713031800
2006-10-01 2.2216718611524700
2006-11-01 2.3711433683794800
2006-12-01 2.5255632321721200
2007-01-01 2.3228319850633100
2007-02-01 2.2524745440496700
2007-03-01 2.6125465671729400
2007-04-01 2.4626516349668800
2007-05-01 2.4576006812074900
2007-06-01 2.3640406269223100
2007-07-01 2.4834891196089600
2007-08-01 2.4239636602876000
2007-09-01 2.4025363643375500
2007-10-01 2.3468224516209400
2007-11-01 2.5363683559475900
2007-12-01 2.2587086029969496
2008-01-01 2.4528996504503900
2008-02-01 2.4697774065889800
2008-03-01 2.4124270419260400
2008-04-01 2.3496313305424700
2008-05-01 2.5482190943770800
2008-06-01 2.3241548115084503
2008-07-01 2.3705418075404200
2008-08-01 2.6600791492181400
2008-09-01 2.2718648500948100
2008-10-01 2.5465073635307500
2008-11-01 2.1921089528101003
2008-12-01 2.3276577760062900
2009-01-01 2.2617837786982900
2009-02-01 2.3536948571085300
2009-03-01 2.1470589668103300
2009-04-01 2.2419392160887400
2009-05-01 2.3845557679764000
2009-06-01 2.2098099158564300
2009-07-01 2.1242272089273200
2009-08-01 2.1133211249936800
2009-09-01 2.1354765476776403
2009-10-01 2.2476536821229303
2009-11-01 2.0890989122922500
2009-12-01 2.1607232337872700
2010-01-01 2.1772542157265800
2010-02-01 2.1052306397793600
2010-03-01 2.1686608175986300
2010-04-01 2.2731479351964100
2010-05-01 2.1412124146485000
2010-06-01 1.9835105613526000
2010-07-01 2.2600947134402600
2010-08-01 2.1642542259707400
2010-09-01 2.2211737665455900
2010-10-01 2.0307756194933400
2010-11-01 2.1035146345880700
2010-12-01 2.2092954350072400
2011-01-01 2.0300863435141100
2011-02-01 1.9316686531626600
2011-03-01 2.1403375147421100
2011-04-01 2.2523250397203600
2011-05-01 2.0581016369754400
2011-06-01 2.2252836485520300
2011-07-01 2.0873252086817900
2011-08-01 2.0650289385246100
2011-09-01 2.2490734119754900
2011-10-01 2.1277054155415500
2011-11-01 2.2596468063159300
2011-12-01 2.0550236401806603
2012-01-01 2.2593464173192300
2012-02-01 2.2157058003740700
2012-03-01 2.1626476217956800
2012-04-01 2.0426936537232600
2012-05-01 1.9992414220101100
2012-06-01 2.2732994696469800
2012-07-01 2.1381353971247700
2012-08-01 2.2222515167228900
2012-09-01 2.0783342564051800
2012-10-01 2.1126409037558700
2012-11-01 2.1046019362370503
2012-12-01 2.2851941010239400
2013-01-01 1.9402038762690600
2013-02-01 2.2505451219705900
2013-03-01 2.2047981091608100
2013-04-01 2.0260167903516297
2013-05-01 2.2685074763054502
2013-06-01 2.0971467216667300
2013-07-01 2.0474083898939500
2013-08-01 2.2173600000974103
2013-09-01 2.0585078696658900
2013-10-01 2.1277176329066700
2013-11-01 2.1412757212914500
2013-12-01 2.0237775467401300
2014-01-01 2.3844294813172500
2014-02-01 2.1176113706034100
2014-03-01 2.0501220891279500
2014-04-01 2.1407342727960200
2014-05-01 2.2442475687278000
2014-06-01 2.1536597716813200
2014-07-01 2.2267892936628000
2014-08-01 2.2968871368490000
2014-09-01 2.3163371103295100
2014-10-01 2.3195992057647800
2014-11-01 2.2836668523852200
2014-12-01 2.1909163069515900
2015-01-01 2.2373730853868200
2015-02-01 2.2164498373857700
2015-03-01 2.3888159146464000
2015-04-01 2.4881991649254300
2015-05-01 2.2821283018539200
2015-06-01 2.2912817661513403
2015-07-01 2.4469314857957400
2015-08-01 2.1631200728723900
2015-09-01 2.3137197862820700
2015-10-01 2.5051424008659200
2015-11-01 2.2978950201256300
2015-12-01 2.3579294149388100
2016-01-01 2.2598735343869300
2016-02-01 2.1578894702275000
2016-03-01 2.1152585114301700
2016-04-01 2.2701426704271200
2016-05-01 2.0611742637514700
2016-06-01 2.3311507517203800
2016-07-01 2.2081690650177297
2016-08-01 2.1926689844591000
2016-09-01 2.6134968290683500
2016-10-01 2.2223306858230600
2016-11-01 2.2162382224216800
2016-12-01 2.3106224127603600
2017-01-01 2.0418651364336000
2017-02-01 2.2465017283367100
2017-03-01 2.3254883107680300
2017-04-01 2.2153006214140203
2017-05-01 2.3604946477197600
2017-06-01 2.2252997993927200
2017-07-01 2.1568818649485500
2017-08-01 2.0946150406695200
2017-09-01 2.6151649559627000
2017-10-01 2.1989533112396003
2017-11-01 2.1512908404881800
2017-12-01 1.9967785086330500
2018-01-01 2.1323295506543800
2018-02-01 2.1951553106250800
2018-03-01 2.0790337546837100
2018-04-01 2.0959921499581000
2018-05-01 2.0987146496038100
2018-06-01 2.3073902148639600
2018-07-01 2.1394653360770900
2018-08-01 2.3708607796618897
2018-09-01 2.0647403951575300
2018-10-01 2.0626084131390500
2018-11-01 2.0918831448407200
2018-12-01 2.2008340854433500
2019-01-01 2.1737804377276400
2019-02-01 2.2531885273695500
2019-03-01 2.2145926239472500
2019-04-01 2.0338950379110000
2019-05-01 2.3931863271698700
2019-06-01 2.0249099118290600
2019-07-01 2.2955926744491000
2019-08-01 2.2942635517332100
2019-09-01 2.0979280385798003
2019-10-01 2.1908034980686800
2019-11-01 2.1404775001659700
2019-12-01 2.2408390618100800
2020-01-01 2.3230138599733100
2020-02-01 2.0654244737469300
2020-03-01 2.0758945269578897
2020-04-01 1.9080036477140400
2020-05-01 1.8283082111588900
2020-06-01 1.7737698027186500
2020-07-01 1.8248569716312200
2020-08-01 2.0281740102242303
2020-09-01 1.9253146301988700
2020-10-01 2.4120082932458900
2020-11-01 2.2381422676436100
2020-12-01 2.1030779739637700
2021-01-01 1.9807755074357800
2021-02-01 2.1209439721994100
2021-03-01 2.2130126825719500
2021-04-01 2.3891956764015000
2021-05-01 2.1191755706657800
2021-06-01 2.2060453252372300
2021-07-01 2.4654456757125303
2021-08-01 2.0886690988093200
2021-09-01 2.5375037483939900
2021-10-01 2.2789513131754298
2021-11-01 2.2748219386156500
2021-12-01 2.3198053464539603
2022-01-01 2.4909948679671900
2022-02-01 2.3135325929444200
2022-03-01 2.3306455810701600
2022-04-01 2.5490530615428697
2022-05-01 2.4455222331503100
2022-06-01 2.5390300849285700
2022-07-01 2.1593043278546200
2022-08-01 2.3856343525542900
2022-09-01 2.3729725413537100
2022-10-01 2.3951724164839700
2022-11-01 2.3187023708296400
2022-12-01 2.3416373982074900
2023-01-01 2.2378321278398300
2023-02-01 2.4118316500652200
2023-03-01 2.3136767632687700
2023-04-01 1.9968877686095200
2023-05-01 2.1061830105277000
2023-06-01 2.5246810797231600
2023-07-01 2.3886122629605800
2023-08-01 1.9949001200444400
2023-09-01 2.2739877293893600
2023-10-01 2.0652082198018897
2023-11-01 2.3312047238963800
2023-12-01 2.0728236912349303
2024-01-01 2.1696813441158200
2024-02-01 2.1591011863117800
2024-03-01 1.9832902602848100
2024-04-01 2.1880793414995100
2024-05-01 2.2778688438908400
2024-06-01 2.2173113865273500
2024-07-01 2.0795459298083300
2024-08-01 2.3934541342133400
2024-09-01 2.1662299492922400
2024-10-01 2.3393671210257200
2024-11-01 2.0372836762800700
2024-12-01 2.1290843272728100
2025-01-01 2.0516962336377302
2025-02-01 2.1311584934599100
2025-03-01 2.3343942404741400
2025-04-01 2.0679722477987000
2025-05-01 2.3737859483376500
2025-06-01 2.1060440647382400
2025-07-01 2.1277628820163303
2025-08-01 2.1574198986809000
2025-09-01 2.0902408158664803
2025-10-01 2.1725505821832600
2025-11-01 2.1623330913588700
2025-12-01 2.3598644529890200
2026-01-01 2.3770488070501900
2026-02-01 2.1785905237133600
2026-03-01 2.2813106996731900
2026-04-01 2.4457239539696200
2026-05-01 2.2335415841557800
2026-06-01 2.2648455815504600

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