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 2026-09-01 |
| Last Updated | 2026-10-09 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 | 2.8512197945 |
| 1995-11-01 | 3.0753609398 |
| 1995-12-01 | 2.6773421053 |
| 1996-01-01 | 2.7888024267 |
| 1996-02-01 | 2.8622771209 |
| 1996-03-01 | 2.8042452633 |
| 1996-04-01 | 2.8351426710 |
| 1996-05-01 | 3.0461603716 |
| 1996-06-01 | 2.8392112605 |
| 1996-07-01 | 2.6913374699 |
| 1996-08-01 | 2.9182715478 |
| 1996-09-01 | 2.7554494581 |
| 1996-10-01 | 2.5474228433 |
| 1996-11-01 | 2.8650765350 |
| 1996-12-01 | 2.5788639151 |
| 1997-01-01 | 2.9526398498 |
| 1997-02-01 | 2.7560245368 |
| 1997-03-01 | 2.8381951629 |
| 1997-04-01 | 2.6956264233 |
| 1997-05-01 | 2.8486316318 |
| 1997-06-01 | 2.7282845835 |
| 1997-07-01 | 2.6859583995 |
| 1997-08-01 | 2.8944175515 |
| 1997-09-01 | 2.8287503547 |
| 1997-10-01 | 3.0013047077 |
| 1997-11-01 | 2.7681894333 |
| 1997-12-01 | 2.9686914535 |
| 1998-01-01 | 2.7002822916 |
| 1998-02-01 | 2.7653754832 |
| 1998-03-01 | 2.7185501437 |
| 1998-04-01 | 3.2758977614 |
| 1998-05-01 | 2.6401188169 |
| 1998-06-01 | 2.7027207498 |
| 1998-07-01 | 2.9080536742 |
| 1998-08-01 | 2.7055701311 |
| 1998-09-01 | 2.6178525324 |
| 1998-10-01 | 2.8631428042 |
| 1998-11-01 | 2.5230018272 |
| 1998-12-01 | 2.8674752600 |
| 1999-01-01 | 2.6240190334 |
| 1999-02-01 | 2.6522853231 |
| 1999-03-01 | 2.6359596379 |
| 1999-04-01 | 3.2192924406 |
| 1999-05-01 | 2.6184847872 |
| 1999-06-01 | 2.6061299049 |
| 1999-07-01 | 2.8116841002 |
| 1999-08-01 | 2.6297720240 |
| 1999-09-01 | 3.1175839039 |
| 1999-10-01 | 2.6558399315 |
| 1999-11-01 | 2.7147708156 |
| 1999-12-01 | 3.2677331923 |
| 2000-01-01 | 2.8396606012 |
| 2000-02-01 | 2.7644487434 |
| 2000-03-01 | 3.0218370991 |
| 2000-04-01 | 2.9119276176 |
| 2000-05-01 | 2.9552016542 |
| 2000-06-01 | 3.0343948850 |
| 2000-07-01 | 2.6784157194 |
| 2000-08-01 | 2.6834956427 |
| 2000-09-01 | 2.9704687492 |
| 2000-10-01 | 2.7582223665 |
| 2000-11-01 | 2.8671104865 |
| 2000-12-01 | 2.5524687654 |
| 2001-01-01 | 2.8348415312 |
| 2001-02-01 | 3.0080503047 |
| 2001-03-01 | 2.6472018532 |
| 2001-04-01 | 2.6937640293 |
| 2001-05-01 | 2.4177117328 |
| 2001-06-01 | 2.7010985658 |
| 2001-07-01 | 2.6226891285 |
| 2001-08-01 | 2.9317934776 |
| 2001-09-01 | 2.4872732610 |
| 2001-10-01 | 2.4427561687 |
| 2001-11-01 | 2.6154582277 |
| 2001-12-01 | 2.4524507113 |
| 2002-01-01 | 2.3520963330 |
| 2002-02-01 | 2.6076330664 |
| 2002-03-01 | 2.4326816986 |
| 2002-04-01 | 2.3914041198 |
| 2002-05-01 | 2.7188962877 |
| 2002-06-01 | 2.4541515079 |
| 2002-07-01 | 2.4271970178 |
| 2002-08-01 | 2.5000616069 |
| 2002-09-01 | 2.3219289487 |
| 2002-10-01 | 2.4353187043 |
| 2002-11-01 | 2.4817992319 |
| 2002-12-01 | 2.1740566729 |
| 2003-01-01 | 2.4563138595 |
| 2003-02-01 | 2.1917099575 |
| 2003-03-01 | 2.2875781490 |
| 2003-04-01 | 2.2044948299 |
| 2003-05-01 | 2.4696763089 |
| 2003-06-01 | 2.1851545912 |
| 2003-07-01 | 2.1859201004 |
| 2003-08-01 | 2.3109431142 |
| 2003-09-01 | 2.2561422780 |
| 2003-10-01 | 2.2751429477 |
| 2003-11-01 | 2.0838185694 |
| 2003-12-01 | 2.3314074565 |
| 2004-01-01 | 2.3149485947 |
| 2004-02-01 | 2.2010185705 |
| 2004-03-01 | 2.2630663161 |
| 2004-04-01 | 2.6696212089 |
| 2004-05-01 | 2.3058036870 |
| 2004-06-01 | 2.2074623770 |
| 2004-07-01 | 2.4264450254 |
| 2004-08-01 | 2.2838675788 |
| 2004-09-01 | 2.3640741964 |
| 2004-10-01 | 2.5073924179 |
| 2004-11-01 | 2.3152453074 |
| 2004-12-01 | 2.5164657427 |
| 2005-01-01 | 2.4412084482 |
| 2005-02-01 | 2.5098019620 |
| 2005-03-01 | 2.4125561372 |
| 2005-04-01 | 2.5588733505 |
| 2005-05-01 | 2.2331744033 |
| 2005-06-01 | 2.5319410518 |
| 2005-07-01 | 2.1320622253 |
| 2005-08-01 | 2.3897559460 |
| 2005-09-01 | 2.4959807813 |
| 2005-10-01 | 2.4071899672 |
| 2005-11-01 | 2.5452446918 |
| 2005-12-01 | 2.3845455332 |
| 2006-01-01 | 2.3665250156 |
| 2006-02-01 | 2.4823146874 |
| 2006-03-01 | 2.4157033263 |
| 2006-04-01 | 2.2920116195 |
| 2006-05-01 | 2.2847417220 |
| 2006-06-01 | 2.5570409759 |
| 2006-07-01 | 2.3567339640 |
| 2006-08-01 | 2.3711411508 |
| 2006-09-01 | 2.4024403645 |
| 2006-10-01 | 2.2171280201 |
| 2006-11-01 | 2.3701828156 |
| 2006-12-01 | 2.5253762173 |
| 2007-01-01 | 2.3216644150 |
| 2007-02-01 | 2.2539687751 |
| 2007-03-01 | 2.6181407244 |
| 2007-04-01 | 2.4680424921 |
| 2007-05-01 | 2.4617928584 |
| 2007-06-01 | 2.3660461935 |
| 2007-07-01 | 2.4855319848 |
| 2007-08-01 | 2.4227980430 |
| 2007-09-01 | 2.4018604663 |
| 2007-10-01 | 2.3418223371 |
| 2007-11-01 | 2.5372438431 |
| 2007-12-01 | 2.2615742455 |
| 2008-01-01 | 2.4538785523 |
| 2008-02-01 | 2.4656977561 |
| 2008-03-01 | 2.4052204268 |
| 2008-04-01 | 2.3349734492 |
| 2008-05-01 | 2.5349403715 |
| 2008-06-01 | 2.3100536691 |
| 2008-07-01 | 2.3569349700 |
| 2008-08-01 | 2.6431165036 |
| 2008-09-01 | 2.2574930794 |
| 2008-10-01 | 2.5239065350 |
| 2008-11-01 | 2.1753984281 |
| 2008-12-01 | 2.3107834928 |
| 2009-01-01 | 2.2455757450 |
| 2009-02-01 | 2.3348195205 |
| 2009-03-01 | 2.1265420198 |
| 2009-04-01 | 2.2155212135 |
| 2009-05-01 | 2.3582287680 |
| 2009-06-01 | 2.1840672552 |
| 2009-07-01 | 2.1003242191 |
| 2009-08-01 | 2.0902013065 |
| 2009-09-01 | 2.1140252252 |
| 2009-10-01 | 2.2170388713 |
| 2009-11-01 | 2.0625544638 |
| 2009-12-01 | 2.1338000596 |
| 2010-01-01 | 2.1519951371 |
| 2010-02-01 | 2.0816113400 |
| 2010-03-01 | 2.1476306419 |
| 2010-04-01 | 2.2541306277 |
| 2010-05-01 | 2.1224125631 |
| 2010-06-01 | 1.9643161997 |
| 2010-07-01 | 2.2415283287 |
| 2010-08-01 | 2.1460202434 |
| 2010-09-01 | 2.2026464053 |
| 2010-10-01 | 2.0095251596 |
| 2010-11-01 | 2.0850576806 |
| 2010-12-01 | 2.1898610470 |
| 2011-01-01 | 2.0125820204 |
| 2011-02-01 | 1.9159426098 |
| 2011-03-01 | 2.1258034539 |
| 2011-04-01 | 2.2388117891 |
| 2011-05-01 | 2.0453713488 |
| 2011-06-01 | 2.2121586784 |
| 2011-07-01 | 2.0748771848 |
| 2011-08-01 | 2.0533327256 |
| 2011-09-01 | 2.2372065839 |
| 2011-10-01 | 2.1142259454 |
| 2011-11-01 | 2.2480735149 |
| 2011-12-01 | 2.0439591526 |
| 2012-01-01 | 2.2491694859 |
| 2012-02-01 | 2.2063842996 |
| 2012-03-01 | 2.1541236799 |
| 2012-04-01 | 2.0341710341 |
| 2012-05-01 | 1.9920003848 |
| 2012-06-01 | 2.2645960683 |
| 2012-07-01 | 2.1310411228 |
| 2012-08-01 | 2.2150858335 |
| 2012-09-01 | 2.0723278984 |
| 2012-10-01 | 2.1069405477 |
| 2012-11-01 | 2.0995246140 |
| 2012-12-01 | 2.2798352711 |
| 2013-01-01 | 1.9359721610 |
| 2013-02-01 | 2.2467547921 |
| 2013-03-01 | 2.2009631707 |
| 2013-04-01 | 2.0227102108 |
| 2013-05-01 | 2.2661743459 |
| 2013-06-01 | 2.0940534925 |
| 2013-07-01 | 2.0459255758 |
| 2013-08-01 | 2.2160364167 |
| 2013-09-01 | 2.0581683677 |
| 2013-10-01 | 2.1276185227 |
| 2013-11-01 | 2.1415336668 |
| 2013-12-01 | 2.0241682430 |
| 2014-01-01 | 2.3854141405 |
| 2014-02-01 | 2.1191416077 |
| 2014-03-01 | 2.0525357672 |
| 2014-04-01 | 2.1428335376 |
| 2014-05-01 | 2.2469339883 |
| 2014-06-01 | 2.1553640526 |
| 2014-07-01 | 2.2302079691 |
| 2014-08-01 | 2.2999085132 |
| 2014-09-01 | 2.3201851888 |
| 2014-10-01 | 2.3239183467 |
| 2014-11-01 | 2.2888367258 |
| 2014-12-01 | 2.1966788434 |
| 2015-01-01 | 2.2432419637 |
| 2015-02-01 | 2.2227871848 |
| 2015-03-01 | 2.3945690497 |
| 2015-04-01 | 2.4942558501 |
| 2015-05-01 | 2.2892244717 |
| 2015-06-01 | 2.3026303345 |
| 2015-07-01 | 2.4557794527 |
| 2015-08-01 | 2.1711431140 |
| 2015-09-01 | 2.3219042399 |
| 2015-10-01 | 2.5128068433 |
| 2015-11-01 | 2.3076430906 |
| 2015-12-01 | 2.3679178836 |
| 2016-01-01 | 2.2695740167 |
| 2016-02-01 | 2.1681649011 |
| 2016-03-01 | 2.1261405153 |
| 2016-04-01 | 2.2812493719 |
| 2016-05-01 | 2.0723246395 |
| 2016-06-01 | 2.3414035037 |
| 2016-07-01 | 2.2201554041 |
| 2016-08-01 | 2.2053746215 |
| 2016-09-01 | 2.6247466088 |
| 2016-10-01 | 2.2345907281 |
| 2016-11-01 | 2.2300788067 |
| 2016-12-01 | 2.3244611412 |
| 2017-01-01 | 2.0552437067 |
| 2017-02-01 | 2.2611194719 |
| 2017-03-01 | 2.3405529351 |
| 2017-04-01 | 2.2308056779 |
| 2017-05-01 | 2.3760143109 |
| 2017-06-01 | 2.2399331813 |
| 2017-07-01 | 2.1728895913 |
| 2017-08-01 | 2.1107326760 |
| 2017-09-01 | 2.6303283029 |
| 2017-10-01 | 2.2153510781 |
| 2017-11-01 | 2.1682956214 |
| 2017-12-01 | 2.0145931186 |
| 2018-01-01 | 2.1494506887 |
| 2018-02-01 | 2.2136803494 |
| 2018-03-01 | 2.0975679255 |
| 2018-04-01 | 2.1156187562 |
| 2018-05-01 | 2.1175671653 |
| 2018-06-01 | 2.3253732138 |
| 2018-07-01 | 2.1591844472 |
| 2018-08-01 | 2.3910802343 |
| 2018-09-01 | 2.0852506468 |
| 2018-10-01 | 2.0829166435 |
| 2018-11-01 | 2.1126170422 |
| 2018-12-01 | 2.2218535709 |
| 2019-01-01 | 2.1949032425 |
| 2019-02-01 | 2.2745840347 |
| 2019-03-01 | 2.2361879355 |
| 2019-04-01 | 2.0575790166 |
| 2019-05-01 | 2.4151589487 |
| 2019-06-01 | 2.0468593029 |
| 2019-07-01 | 2.3191513606 |
| 2019-08-01 | 2.3176589849 |
| 2019-09-01 | 2.1218985896 |
| 2019-10-01 | 2.2150327763 |
| 2019-11-01 | 2.1643638661 |
| 2019-12-01 | 2.2655891697 |
| 2020-01-01 | 2.3475758867 |
| 2020-02-01 | 2.0898896022 |
| 2020-03-01 | 2.0998711602 |
| 2020-04-01 | 1.9290137177 |
| 2020-05-01 | 1.8506065249 |
| 2020-06-01 | 1.7935191637 |
| 2020-07-01 | 1.8487677600 |
| 2020-08-01 | 2.0552226946 |
| 2020-09-01 | 1.9525196614 |
| 2020-10-01 | 2.4375500515 |
| 2020-11-01 | 2.2639553984 |
| 2020-12-01 | 2.1296439072 |
| 2021-01-01 | 2.0072022852 |
| 2021-02-01 | 2.1473704272 |
| 2021-03-01 | 2.2389342672 |
| 2021-04-01 | 2.4166622463 |
| 2021-05-01 | 2.1469746173 |
| 2021-06-01 | 2.2291706583 |
| 2021-07-01 | 2.4986776025 |
| 2021-08-01 | 2.1208960699 |
| 2021-09-01 | 2.5673716537 |
| 2021-10-01 | 2.3083673811 |
| 2021-11-01 | 2.3045318571 |
| 2021-12-01 | 2.3494232052 |
| 2022-01-01 | 2.5206751033 |
| 2022-02-01 | 2.3436312279 |
| 2022-03-01 | 2.3598925943 |
| 2022-04-01 | 2.5787978386 |
| 2022-05-01 | 2.4738204736 |
| 2022-06-01 | 2.5628708423 |
| 2022-07-01 | 2.1966667009 |
| 2022-08-01 | 2.4237078781 |
| 2022-09-01 | 2.4067876125 |
| 2022-10-01 | 2.4283466543 |
| 2022-11-01 | 2.3518069818 |
| 2022-12-01 | 2.3753337691 |
| 2023-01-01 | 2.2713268265 |
| 2023-02-01 | 2.4436222255 |
| 2023-03-01 | 2.3419649893 |
| 2023-04-01 | 2.0272537228 |
| 2023-05-01 | 2.1287543242 |
| 2023-06-01 | 2.5434433530 |
| 2023-07-01 | 2.4459934237 |
| 2023-08-01 | 2.0402322672 |
| 2023-09-01 | 2.3118856426 |
| 2023-10-01 | 2.1030842144 |
| 2023-11-01 | 2.3693574031 |
| 2023-12-01 | 2.1118034149 |
| 2024-01-01 | 2.2061192820 |
| 2024-02-01 | 2.1933486356 |
| 2024-03-01 | 2.0127988932 |
| 2024-04-01 | 2.2166714809 |
| 2024-05-01 | 2.2909583062 |
| 2024-06-01 | 2.2297073877 |
| 2024-07-01 | 2.1530913131 |
| 2024-08-01 | 2.4474312988 |
| 2024-09-01 | 2.2085333651 |
| 2024-10-01 | 2.3811972828 |
| 2024-11-01 | 2.0794437882 |
| 2024-12-01 | 2.1718319230 |
| 2025-01-01 | 2.0903578905 |
| 2025-02-01 | 2.1651678390 |
| 2025-03-01 | 2.3594537311 |
| 2025-04-01 | 2.0940720382 |
| 2025-05-01 | 2.3751683429 |
| 2025-06-01 | 2.1103083285 |
| 2025-07-01 | 2.2367191598 |
| 2025-08-01 | 2.2060927074 |
| 2025-09-01 | 2.1415919735 |
| 2025-10-01 | 2.2154603193 |
| 2025-11-01 | 2.2050541395 |
| 2025-12-01 | 2.4020754248 |
| 2026-01-01 | 2.4158974763 |
| 2026-02-01 | 2.2145557670 |
| 2026-03-01 | 2.3085737023 |
| 2026-04-01 | 2.4688070032 |
| 2026-05-01 | 2.2359774337 |
| 2026-06-01 | 2.2655774402 |
| 2026-07-01 | 2.0486778921 |
| 2026-08-01 | 2.1220257343 |
| 2026-09-01 | 2.1560162262 |