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 2026-07-01 |
| Last Updated | 2026-08-14 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 | 2.8512158519 |
| 1995-11-01 | 3.0753574547 |
| 1995-12-01 | 2.6773385785 |
| 1996-01-01 | 2.7887999866 |
| 1996-02-01 | 2.8622739564 |
| 1996-03-01 | 2.8042419446 |
| 1996-04-01 | 2.8351398202 |
| 1996-05-01 | 3.0461578270 |
| 1996-06-01 | 2.8392085862 |
| 1996-07-01 | 2.6913360286 |
| 1996-08-01 | 2.9182704257 |
| 1996-09-01 | 2.7554458582 |
| 1996-10-01 | 2.5474213925 |
| 1996-11-01 | 2.8650753887 |
| 1996-12-01 | 2.5788635565 |
| 1997-01-01 | 2.9526390314 |
| 1997-02-01 | 2.7560236343 |
| 1997-03-01 | 2.8381942705 |
| 1997-04-01 | 2.6956261346 |
| 1997-05-01 | 2.8486307607 |
| 1997-06-01 | 2.7282839935 |
| 1997-07-01 | 2.6859581930 |
| 1997-08-01 | 2.8944173491 |
| 1997-09-01 | 2.8287465221 |
| 1997-10-01 | 3.0013047741 |
| 1997-11-01 | 2.7681905064 |
| 1997-12-01 | 2.9686964323 |
| 1998-01-01 | 2.7002842010 |
| 1998-02-01 | 2.7653820507 |
| 1998-03-01 | 2.7185509107 |
| 1998-04-01 | 3.2758989231 |
| 1998-05-01 | 2.6401074177 |
| 1998-06-01 | 2.7027209613 |
| 1998-07-01 | 2.9080540932 |
| 1998-08-01 | 2.7055772561 |
| 1998-09-01 | 2.6178492630 |
| 1998-10-01 | 2.8631444991 |
| 1998-11-01 | 2.5230059140 |
| 1998-12-01 | 2.8674868794 |
| 1999-01-01 | 2.6240251777 |
| 1999-02-01 | 2.6523013560 |
| 1999-03-01 | 2.6359640456 |
| 1999-04-01 | 3.2192974657 |
| 1999-05-01 | 2.6184376820 |
| 1999-06-01 | 2.6061330747 |
| 1999-07-01 | 2.8116872886 |
| 1999-08-01 | 2.6297882817 |
| 1999-09-01 | 3.1175827685 |
| 1999-10-01 | 2.6558444646 |
| 1999-11-01 | 2.7147794167 |
| 1999-12-01 | 3.2677540031 |
| 2000-01-01 | 2.8396734101 |
| 2000-02-01 | 2.7644771443 |
| 2000-03-01 | 3.0218492765 |
| 2000-04-01 | 2.9119388075 |
| 2000-05-01 | 2.9550732229 |
| 2000-06-01 | 3.0344049970 |
| 2000-07-01 | 2.6784251619 |
| 2000-08-01 | 2.6835252385 |
| 2000-09-01 | 2.9704747734 |
| 2000-10-01 | 2.7582335529 |
| 2000-11-01 | 2.8671256605 |
| 2000-12-01 | 2.5524919429 |
| 2001-01-01 | 2.8348598533 |
| 2001-02-01 | 3.0080862719 |
| 2001-03-01 | 2.6472178552 |
| 2001-04-01 | 2.6937774673 |
| 2001-05-01 | 2.4175573969 |
| 2001-06-01 | 2.7011127539 |
| 2001-07-01 | 2.6227031982 |
| 2001-08-01 | 2.9318307464 |
| 2001-09-01 | 2.4872849543 |
| 2001-10-01 | 2.4427722474 |
| 2001-11-01 | 2.6154791830 |
| 2001-12-01 | 2.4524800685 |
| 2002-01-01 | 2.3521193876 |
| 2002-02-01 | 2.6076720995 |
| 2002-03-01 | 2.4327024032 |
| 2002-04-01 | 2.3914194200 |
| 2002-05-01 | 2.7186314516 |
| 2002-06-01 | 2.4541722710 |
| 2002-07-01 | 2.4272135625 |
| 2002-08-01 | 2.5001042076 |
| 2002-09-01 | 2.3219524692 |
| 2002-10-01 | 2.4353448738 |
| 2002-11-01 | 2.4818270209 |
| 2002-12-01 | 2.1740880385 |
| 2003-01-01 | 2.4563431321 |
| 2003-02-01 | 2.1917408017 |
| 2003-03-01 | 2.2875967534 |
| 2003-04-01 | 2.2045055400 |
| 2003-05-01 | 2.4693890396 |
| 2003-06-01 | 2.1851226892 |
| 2003-07-01 | 2.1859423974 |
| 2003-08-01 | 2.3109971246 |
| 2003-09-01 | 2.2561974194 |
| 2003-10-01 | 2.2751940036 |
| 2003-11-01 | 2.0838704956 |
| 2003-12-01 | 2.3314605918 |
| 2004-01-01 | 2.3149865924 |
| 2004-02-01 | 2.2010513980 |
| 2004-03-01 | 2.2629458375 |
| 2004-04-01 | 2.6696481483 |
| 2004-05-01 | 2.3055184952 |
| 2004-06-01 | 2.2073687595 |
| 2004-07-01 | 2.4264545103 |
| 2004-08-01 | 2.2839153932 |
| 2004-09-01 | 2.3641522905 |
| 2004-10-01 | 2.5075038461 |
| 2004-11-01 | 2.3154038956 |
| 2004-12-01 | 2.5166724180 |
| 2005-01-01 | 2.4414205054 |
| 2005-02-01 | 2.5098441087 |
| 2005-03-01 | 2.4121340835 |
| 2005-04-01 | 2.5585742654 |
| 2005-05-01 | 2.2328171811 |
| 2005-06-01 | 2.5316706855 |
| 2005-07-01 | 2.1320629328 |
| 2005-08-01 | 2.3900463163 |
| 2005-09-01 | 2.4962661036 |
| 2005-10-01 | 2.4073433935 |
| 2005-11-01 | 2.5454988776 |
| 2005-12-01 | 2.3848330249 |
| 2006-01-01 | 2.3669498622 |
| 2006-02-01 | 2.4823626148 |
| 2006-03-01 | 2.4148511859 |
| 2006-04-01 | 2.2911530149 |
| 2006-05-01 | 2.2843617275 |
| 2006-06-01 | 2.5565180914 |
| 2006-07-01 | 2.3566736695 |
| 2006-08-01 | 2.3719977176 |
| 2006-09-01 | 2.4032494195 |
| 2006-10-01 | 2.2172835808 |
| 2006-11-01 | 2.3703307981 |
| 2006-12-01 | 2.5255465857 |
| 2007-01-01 | 2.3222120307 |
| 2007-02-01 | 2.2533942564 |
| 2007-03-01 | 2.6162226182 |
| 2007-04-01 | 2.4658641822 |
| 2007-05-01 | 2.4607648903 |
| 2007-06-01 | 2.3647052091 |
| 2007-07-01 | 2.4849028860 |
| 2007-08-01 | 2.4240733116 |
| 2007-09-01 | 2.4029312094 |
| 2007-10-01 | 2.3412487333 |
| 2007-11-01 | 2.5363754026 |
| 2007-12-01 | 2.2604386566 |
| 2008-01-01 | 2.4534724444 |
| 2008-02-01 | 2.4677008209 |
| 2008-03-01 | 2.4084672912 |
| 2008-04-01 | 2.3407861055 |
| 2008-05-01 | 2.5409733044 |
| 2008-06-01 | 2.3149504264 |
| 2008-07-01 | 2.3621032941 |
| 2008-08-01 | 2.6498292007 |
| 2008-09-01 | 2.2632090597 |
| 2008-10-01 | 2.5301632869 |
| 2008-11-01 | 2.1815670892 |
| 2008-12-01 | 2.3175603023 |
| 2009-01-01 | 2.2519796637 |
| 2009-02-01 | 2.3421988312 |
| 2009-03-01 | 2.1341201073 |
| 2009-04-01 | 2.2255211971 |
| 2009-05-01 | 2.3692449908 |
| 2009-06-01 | 2.1932528880 |
| 2009-07-01 | 2.1092787107 |
| 2009-08-01 | 2.0978884139 |
| 2009-09-01 | 2.1212139974 |
| 2009-10-01 | 2.2263781320 |
| 2009-11-01 | 2.0725492895 |
| 2009-12-01 | 2.1443491681 |
| 2010-01-01 | 2.1617188965 |
| 2010-02-01 | 2.0912029259 |
| 2010-03-01 | 2.1558891478 |
| 2010-04-01 | 2.2612335596 |
| 2010-05-01 | 2.1302825366 |
| 2010-06-01 | 1.9707782705 |
| 2010-07-01 | 2.2485554515 |
| 2010-08-01 | 2.1521555251 |
| 2010-09-01 | 2.2095790746 |
| 2010-10-01 | 2.0161449016 |
| 2010-11-01 | 2.0915130627 |
| 2010-12-01 | 2.1967163037 |
| 2011-01-01 | 2.0191995080 |
| 2011-02-01 | 1.9222392515 |
| 2011-03-01 | 2.1308586904 |
| 2011-04-01 | 2.2433549528 |
| 2011-05-01 | 2.0502969279 |
| 2011-06-01 | 2.2157372239 |
| 2011-07-01 | 2.0789406177 |
| 2011-08-01 | 2.0569318194 |
| 2011-09-01 | 2.2411339031 |
| 2011-10-01 | 2.1182832351 |
| 2011-11-01 | 2.2517241417 |
| 2011-12-01 | 2.0476376475 |
| 2012-01-01 | 2.2525140040 |
| 2012-02-01 | 2.2098034205 |
| 2012-03-01 | 2.1571679678 |
| 2012-04-01 | 2.0368639203 |
| 2012-05-01 | 1.9946617874 |
| 2012-06-01 | 2.2660199435 |
| 2012-07-01 | 2.1329557025 |
| 2012-08-01 | 2.2170377676 |
| 2012-09-01 | 2.0738202375 |
| 2012-10-01 | 2.1084250217 |
| 2012-11-01 | 2.1008197157 |
| 2012-12-01 | 2.2810166381 |
| 2013-01-01 | 1.9374053943 |
| 2013-02-01 | 2.2480111433 |
| 2013-03-01 | 2.2014302360 |
| 2013-04-01 | 2.0231007651 |
| 2013-05-01 | 2.2663432969 |
| 2013-06-01 | 2.0938347275 |
| 2013-07-01 | 2.0458334159 |
| 2013-08-01 | 2.2157338988 |
| 2013-09-01 | 2.0574774849 |
| 2013-10-01 | 2.1268056269 |
| 2013-11-01 | 2.1404824528 |
| 2013-12-01 | 2.0235517191 |
| 2014-01-01 | 2.3843192097 |
| 2014-02-01 | 2.1179879205 |
| 2014-03-01 | 2.0511620044 |
| 2014-04-01 | 2.1415453777 |
| 2014-05-01 | 2.2452435182 |
| 2014-06-01 | 2.1532020350 |
| 2014-07-01 | 2.2282605274 |
| 2014-08-01 | 2.2980275797 |
| 2014-09-01 | 2.3180425761 |
| 2014-10-01 | 2.3212093514 |
| 2014-11-01 | 2.2860605368 |
| 2014-12-01 | 2.1936071622 |
| 2015-01-01 | 2.2402207848 |
| 2015-02-01 | 2.2194135892 |
| 2015-03-01 | 2.3913542432 |
| 2015-04-01 | 2.4900366342 |
| 2015-05-01 | 2.2855078645 |
| 2015-06-01 | 2.3002877946 |
| 2015-07-01 | 2.4514902333 |
| 2015-08-01 | 2.1673439189 |
| 2015-09-01 | 2.3180646441 |
| 2015-10-01 | 2.5086700822 |
| 2015-11-01 | 2.3030476455 |
| 2015-12-01 | 2.3631317541 |
| 2016-01-01 | 2.2648881088 |
| 2016-02-01 | 2.1636658112 |
| 2016-03-01 | 2.1214353619 |
| 2016-04-01 | 2.2758067875 |
| 2016-05-01 | 2.0674938401 |
| 2016-06-01 | 2.3356661098 |
| 2016-07-01 | 2.2147552600 |
| 2016-08-01 | 2.1998890538 |
| 2016-09-01 | 2.6199944425 |
| 2016-10-01 | 2.2291077377 |
| 2016-11-01 | 2.2244593425 |
| 2016-12-01 | 2.3183063876 |
| 2017-01-01 | 2.0492068213 |
| 2017-02-01 | 2.2542392858 |
| 2017-03-01 | 2.3336807732 |
| 2017-04-01 | 2.2239169899 |
| 2017-05-01 | 2.3689914859 |
| 2017-06-01 | 2.2325400555 |
| 2017-07-01 | 2.1657837107 |
| 2017-08-01 | 2.1040914984 |
| 2017-09-01 | 2.6242937360 |
| 2017-10-01 | 2.2078309945 |
| 2017-11-01 | 2.1609617293 |
| 2017-12-01 | 2.0073273628 |
| 2018-01-01 | 2.1418252930 |
| 2018-02-01 | 2.2059218211 |
| 2018-03-01 | 2.0895037435 |
| 2018-04-01 | 2.1072241342 |
| 2018-05-01 | 2.1092924120 |
| 2018-06-01 | 2.3172919522 |
| 2018-07-01 | 2.1505731311 |
| 2018-08-01 | 2.3832489803 |
| 2018-09-01 | 2.0764304161 |
| 2018-10-01 | 2.0744970047 |
| 2018-11-01 | 2.1039931482 |
| 2018-12-01 | 2.2128362765 |
| 2019-01-01 | 2.1858261279 |
| 2019-02-01 | 2.2651293818 |
| 2019-03-01 | 2.2266532387 |
| 2019-04-01 | 2.0473139125 |
| 2019-05-01 | 2.4051483511 |
| 2019-06-01 | 2.0374349871 |
| 2019-07-01 | 2.3089071631 |
| 2019-08-01 | 2.3077541746 |
| 2019-09-01 | 2.1115766972 |
| 2019-10-01 | 2.2047129925 |
| 2019-11-01 | 2.1536609445 |
| 2019-12-01 | 2.2547768752 |
| 2020-01-01 | 2.3372280261 |
| 2020-02-01 | 2.0795069083 |
| 2020-03-01 | 2.0898428003 |
| 2020-04-01 | 1.9196622850 |
| 2020-05-01 | 1.8415110652 |
| 2020-06-01 | 1.7862661890 |
| 2020-07-01 | 1.8395675066 |
| 2020-08-01 | 2.0428503225 |
| 2020-09-01 | 1.9398407387 |
| 2020-10-01 | 2.4266308023 |
| 2020-11-01 | 2.2531453782 |
| 2020-12-01 | 2.1187063644 |
| 2021-01-01 | 1.9959969334 |
| 2021-02-01 | 2.1362219207 |
| 2021-03-01 | 2.2282204971 |
| 2021-04-01 | 2.4035561112 |
| 2021-05-01 | 2.1357217094 |
| 2021-06-01 | 2.2173331549 |
| 2021-07-01 | 2.4861264010 |
| 2021-08-01 | 2.1047256257 |
| 2021-09-01 | 2.5541157253 |
| 2021-10-01 | 2.2954483805 |
| 2021-11-01 | 2.2921619242 |
| 2021-12-01 | 2.3365274139 |
| 2022-01-01 | 2.5079406329 |
| 2022-02-01 | 2.3310903972 |
| 2022-03-01 | 2.3483150304 |
| 2022-04-01 | 2.5632046649 |
| 2022-05-01 | 2.4608436690 |
| 2022-06-01 | 2.5499055990 |
| 2022-07-01 | 2.1826324912 |
| 2022-08-01 | 2.4033095664 |
| 2022-09-01 | 2.3922244999 |
| 2022-10-01 | 2.4142015172 |
| 2022-11-01 | 2.3369742725 |
| 2022-12-01 | 2.3600709621 |
| 2023-01-01 | 2.2563345843 |
| 2023-02-01 | 2.4289205758 |
| 2023-03-01 | 2.3300331638 |
| 2023-04-01 | 2.0117800553 |
| 2023-05-01 | 2.1175281671 |
| 2023-06-01 | 2.5323230824 |
| 2023-07-01 | 2.4317603423 |
| 2023-08-01 | 2.0145651700 |
| 2023-09-01 | 2.2950554478 |
| 2023-10-01 | 2.0865081598 |
| 2023-11-01 | 2.3524033223 |
| 2023-12-01 | 2.0943910371 |
| 2024-01-01 | 2.1892678968 |
| 2024-02-01 | 2.1774906639 |
| 2024-03-01 | 1.9998809881 |
| 2024-04-01 | 2.1998374565 |
| 2024-05-01 | 2.2815291748 |
| 2024-06-01 | 2.2206945270 |
| 2024-07-01 | 2.1391515218 |
| 2024-08-01 | 2.4134985932 |
| 2024-09-01 | 2.1881134827 |
| 2024-10-01 | 2.3617945100 |
| 2024-11-01 | 2.0602360793 |
| 2024-12-01 | 2.1516747905 |
| 2025-01-01 | 2.0707452618 |
| 2025-02-01 | 2.1470053425 |
| 2025-03-01 | 2.3455363036 |
| 2025-04-01 | 2.0763969695 |
| 2025-05-01 | 2.3683905558 |
| 2025-06-01 | 2.1035682662 |
| 2025-07-01 | 2.2227450532 |
| 2025-08-01 | 2.1776800310 |
| 2025-09-01 | 2.1121203390 |
| 2025-10-01 | 2.1938892597 |
| 2025-11-01 | 2.1829659975 |
| 2025-12-01 | 2.3793609633 |
| 2026-01-01 | 2.3940362998 |
| 2026-02-01 | 2.1944014508 |
| 2026-03-01 | 2.2927835535 |
| 2026-04-01 | 2.4492711236 |
| 2026-05-01 | 2.2271633538 |
| 2026-06-01 | 2.2589698765 |
| 2026-07-01 | 2.0454507933 |