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 2026-08-01 |
| Last Updated | 2026-09-11 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 | 2.8512175734 |
| 1995-11-01 | 3.0753591008 |
| 1995-12-01 | 2.6773402650 |
| 1996-01-01 | 2.7888010887 |
| 1996-02-01 | 2.8622753623 |
| 1996-03-01 | 2.8042435225 |
| 1996-04-01 | 2.8351412644 |
| 1996-05-01 | 3.0461589848 |
| 1996-06-01 | 2.8392098001 |
| 1996-07-01 | 2.6913366534 |
| 1996-08-01 | 2.9182708126 |
| 1996-09-01 | 2.7554474676 |
| 1996-10-01 | 2.5474220564 |
| 1996-11-01 | 2.8650757853 |
| 1996-12-01 | 2.5788637221 |
| 1997-01-01 | 2.9526395253 |
| 1997-02-01 | 2.7560240992 |
| 1997-03-01 | 2.8381947281 |
| 1997-04-01 | 2.6956261687 |
| 1997-05-01 | 2.8486311463 |
| 1997-06-01 | 2.7282843087 |
| 1997-07-01 | 2.6859582623 |
| 1997-08-01 | 2.8944175857 |
| 1997-09-01 | 2.8287483526 |
| 1997-10-01 | 3.0013049359 |
| 1997-11-01 | 2.7681901024 |
| 1997-12-01 | 2.9686943172 |
| 1998-01-01 | 2.7002833867 |
| 1998-02-01 | 2.7653791585 |
| 1998-03-01 | 2.7185505398 |
| 1998-04-01 | 3.2758983276 |
| 1998-05-01 | 2.6401122988 |
| 1998-06-01 | 2.7027207600 |
| 1998-07-01 | 2.9080539844 |
| 1998-08-01 | 2.7055740364 |
| 1998-09-01 | 2.6178507703 |
| 1998-10-01 | 2.8631437591 |
| 1998-11-01 | 2.5230041775 |
| 1998-12-01 | 2.8674818973 |
| 1999-01-01 | 2.6240224968 |
| 1999-02-01 | 2.6522940227 |
| 1999-03-01 | 2.6359620220 |
| 1999-04-01 | 3.2192951105 |
| 1999-05-01 | 2.6184584549 |
| 1999-06-01 | 2.6061316964 |
| 1999-07-01 | 2.8116857332 |
| 1999-08-01 | 2.6297808919 |
| 1999-09-01 | 3.1175834256 |
| 1999-10-01 | 2.6558422871 |
| 1999-11-01 | 2.7147754006 |
| 1999-12-01 | 3.2677451292 |
| 2000-01-01 | 2.8396675054 |
| 2000-02-01 | 2.7644644115 |
| 2000-03-01 | 3.0218438682 |
| 2000-04-01 | 2.9119339299 |
| 2000-05-01 | 2.9551299448 |
| 2000-06-01 | 3.0344005189 |
| 2000-07-01 | 2.6784209433 |
| 2000-08-01 | 2.6835118168 |
| 2000-09-01 | 2.9704719699 |
| 2000-10-01 | 2.7582284110 |
| 2000-11-01 | 2.8671188086 |
| 2000-12-01 | 2.5524819206 |
| 2001-01-01 | 2.8348516554 |
| 2001-02-01 | 3.0080702101 |
| 2001-03-01 | 2.6472108252 |
| 2001-04-01 | 2.6937714265 |
| 2001-05-01 | 2.4176254677 |
| 2001-06-01 | 2.7011063828 |
| 2001-07-01 | 2.6226968621 |
| 2001-08-01 | 2.9318139388 |
| 2001-09-01 | 2.4872797388 |
| 2001-10-01 | 2.4427649277 |
| 2001-11-01 | 2.6154696148 |
| 2001-12-01 | 2.4524672240 |
| 2002-01-01 | 2.3521090691 |
| 2002-02-01 | 2.6076547105 |
| 2002-03-01 | 2.4326931546 |
| 2002-04-01 | 2.3914123339 |
| 2002-05-01 | 2.7187518599 |
| 2002-06-01 | 2.4541624715 |
| 2002-07-01 | 2.4272057773 |
| 2002-08-01 | 2.5000842132 |
| 2002-09-01 | 2.3219411496 |
| 2002-10-01 | 2.4353326520 |
| 2002-11-01 | 2.4818143821 |
| 2002-12-01 | 2.1740744382 |
| 2003-01-01 | 2.4563307419 |
| 2003-02-01 | 2.1917276863 |
| 2003-03-01 | 2.2875893795 |
| 2003-04-01 | 2.2045009919 |
| 2003-05-01 | 2.4695227313 |
| 2003-06-01 | 2.1851345605 |
| 2003-07-01 | 2.1859320320 |
| 2003-08-01 | 2.3109713582 |
| 2003-09-01 | 2.2561701837 |
| 2003-10-01 | 2.2751673647 |
| 2003-11-01 | 2.0838453281 |
| 2003-12-01 | 2.3314356521 |
| 2004-01-01 | 2.3149688898 |
| 2004-02-01 | 2.2010392160 |
| 2004-03-01 | 2.2630287679 |
| 2004-04-01 | 2.6696315853 |
| 2004-05-01 | 2.3056490262 |
| 2004-06-01 | 2.2074010808 |
| 2004-07-01 | 2.4264436559 |
| 2004-08-01 | 2.2838868104 |
| 2004-09-01 | 2.3641101019 |
| 2004-10-01 | 2.5074462580 |
| 2004-11-01 | 2.3153315520 |
| 2004-12-01 | 2.5165813175 |
| 2005-01-01 | 2.4413300767 |
| 2005-02-01 | 2.5098348182 |
| 2005-03-01 | 2.4124016133 |
| 2005-04-01 | 2.5586925693 |
| 2005-05-01 | 2.2329803459 |
| 2005-06-01 | 2.5317833893 |
| 2005-07-01 | 2.1320616440 |
| 2005-08-01 | 2.3897672444 |
| 2005-09-01 | 2.4961985044 |
| 2005-10-01 | 2.4072635988 |
| 2005-11-01 | 2.5453984737 |
| 2005-12-01 | 2.3847141125 |
| 2006-01-01 | 2.3667845764 |
| 2006-02-01 | 2.4823670632 |
| 2006-03-01 | 2.4153793402 |
| 2006-04-01 | 2.2915004386 |
| 2006-05-01 | 2.2845238894 |
| 2006-06-01 | 2.5567428450 |
| 2006-07-01 | 2.3567279764 |
| 2006-08-01 | 2.3711428291 |
| 2006-09-01 | 2.4031457534 |
| 2006-10-01 | 2.2171946470 |
| 2006-11-01 | 2.3703008475 |
| 2006-12-01 | 2.5254950857 |
| 2007-01-01 | 2.3220308268 |
| 2007-02-01 | 2.2536941720 |
| 2007-03-01 | 2.6173105807 |
| 2007-04-01 | 2.4667843207 |
| 2007-05-01 | 2.4612180220 |
| 2007-06-01 | 2.3653190176 |
| 2007-07-01 | 2.4852690762 |
| 2007-08-01 | 2.4225133794 |
| 2007-09-01 | 2.4030465428 |
| 2007-10-01 | 2.3414829256 |
| 2007-11-01 | 2.5368509180 |
| 2007-12-01 | 2.2609800916 |
| 2008-01-01 | 2.4537754886 |
| 2008-02-01 | 2.4670443907 |
| 2008-03-01 | 2.4073203685 |
| 2008-04-01 | 2.3385174209 |
| 2008-05-01 | 2.5385499117 |
| 2008-06-01 | 2.3130103140 |
| 2008-07-01 | 2.3601604245 |
| 2008-08-01 | 2.6469285321 |
| 2008-09-01 | 2.2610265149 |
| 2008-10-01 | 2.5277939494 |
| 2008-11-01 | 2.1792974841 |
| 2008-12-01 | 2.3150226326 |
| 2009-01-01 | 2.2495786417 |
| 2009-02-01 | 2.3394778079 |
| 2009-03-01 | 2.1312590077 |
| 2009-04-01 | 2.2217218470 |
| 2009-05-01 | 2.3647773864 |
| 2009-06-01 | 2.1897994031 |
| 2009-07-01 | 2.1055561142 |
| 2009-08-01 | 2.0953993530 |
| 2009-09-01 | 2.1178542063 |
| 2009-10-01 | 2.2226227113 |
| 2009-11-01 | 2.0682841181 |
| 2009-12-01 | 2.1397641623 |
| 2010-01-01 | 2.1573739598 |
| 2010-02-01 | 2.0871713240 |
| 2010-03-01 | 2.1522964429 |
| 2010-04-01 | 2.2582133745 |
| 2010-05-01 | 2.1268916428 |
| 2010-06-01 | 1.9680187563 |
| 2010-07-01 | 2.2456632418 |
| 2010-08-01 | 2.1497541032 |
| 2010-09-01 | 2.2068005877 |
| 2010-10-01 | 2.0134382170 |
| 2010-11-01 | 2.0887559440 |
| 2010-12-01 | 2.1940582676 |
| 2011-01-01 | 2.0164297125 |
| 2011-02-01 | 1.9196125140 |
| 2011-03-01 | 2.1288800838 |
| 2011-04-01 | 2.2415323581 |
| 2011-05-01 | 2.0483360507 |
| 2011-06-01 | 2.2143528923 |
| 2011-07-01 | 2.0772850742 |
| 2011-08-01 | 2.0557018677 |
| 2011-09-01 | 2.2394584172 |
| 2011-10-01 | 2.1164448261 |
| 2011-11-01 | 2.2502697165 |
| 2011-12-01 | 2.0459770867 |
| 2012-01-01 | 2.2511008979 |
| 2012-02-01 | 2.2082140578 |
| 2012-03-01 | 2.1555993774 |
| 2012-04-01 | 2.0356588000 |
| 2012-05-01 | 1.9931154734 |
| 2012-06-01 | 2.2656668882 |
| 2012-07-01 | 2.1321386194 |
| 2012-08-01 | 2.2162591193 |
| 2012-09-01 | 2.0728543003 |
| 2012-10-01 | 2.1077878467 |
| 2012-11-01 | 2.1002261926 |
| 2012-12-01 | 2.2805061035 |
| 2013-01-01 | 1.9362373838 |
| 2013-02-01 | 2.2475222373 |
| 2013-03-01 | 2.2016577801 |
| 2013-04-01 | 2.0228561096 |
| 2013-05-01 | 2.2663499479 |
| 2013-06-01 | 2.0937582987 |
| 2013-07-01 | 2.0457486741 |
| 2013-08-01 | 2.2158082117 |
| 2013-09-01 | 2.0575403380 |
| 2013-10-01 | 2.1271853315 |
| 2013-11-01 | 2.1411094855 |
| 2013-12-01 | 2.0235545567 |
| 2014-01-01 | 2.3846076993 |
| 2014-02-01 | 2.1184062567 |
| 2014-03-01 | 2.0514595529 |
| 2014-04-01 | 2.1419410855 |
| 2014-05-01 | 2.2457879829 |
| 2014-06-01 | 2.1540607731 |
| 2014-07-01 | 2.2290641393 |
| 2014-08-01 | 2.2985373618 |
| 2014-09-01 | 2.3191077594 |
| 2014-10-01 | 2.3225204367 |
| 2014-11-01 | 2.2872285757 |
| 2014-12-01 | 2.1949510518 |
| 2015-01-01 | 2.2415247447 |
| 2015-02-01 | 2.2209663755 |
| 2015-03-01 | 2.3929370614 |
| 2015-04-01 | 2.4924127342 |
| 2015-05-01 | 2.2873018640 |
| 2015-06-01 | 2.3014503666 |
| 2015-07-01 | 2.4533315113 |
| 2015-08-01 | 2.1688854728 |
| 2015-09-01 | 2.3200702700 |
| 2015-10-01 | 2.5109248865 |
| 2015-11-01 | 2.3049331691 |
| 2015-12-01 | 2.3652646164 |
| 2016-01-01 | 2.2668388501 |
| 2016-02-01 | 2.1655905138 |
| 2016-03-01 | 2.1233960195 |
| 2016-04-01 | 2.2783168938 |
| 2016-05-01 | 2.0696744007 |
| 2016-06-01 | 2.3383675076 |
| 2016-07-01 | 2.2172729955 |
| 2016-08-01 | 2.2018724108 |
| 2016-09-01 | 2.6229707978 |
| 2016-10-01 | 2.2316164897 |
| 2016-11-01 | 2.2268094298 |
| 2016-12-01 | 2.3211936786 |
| 2017-01-01 | 2.0518884983 |
| 2017-02-01 | 2.2576307582 |
| 2017-03-01 | 2.3368072668 |
| 2017-04-01 | 2.2268906728 |
| 2017-05-01 | 2.3721352892 |
| 2017-06-01 | 2.2358217239 |
| 2017-07-01 | 2.1689583555 |
| 2017-08-01 | 2.1066560380 |
| 2017-09-01 | 2.6277718899 |
| 2017-10-01 | 2.2113965364 |
| 2017-11-01 | 2.1643792139 |
| 2017-12-01 | 2.0103330198 |
| 2018-01-01 | 2.1453217365 |
| 2018-02-01 | 2.2091417759 |
| 2018-03-01 | 2.0931742558 |
| 2018-04-01 | 2.1109481354 |
| 2018-05-01 | 2.1130885925 |
| 2018-06-01 | 2.3205927691 |
| 2018-07-01 | 2.1544953614 |
| 2018-08-01 | 2.3854885330 |
| 2018-09-01 | 2.0802986350 |
| 2018-10-01 | 2.0782035350 |
| 2018-11-01 | 2.1078639399 |
| 2018-12-01 | 2.2170115585 |
| 2019-01-01 | 2.1898565224 |
| 2019-02-01 | 2.2694844716 |
| 2019-03-01 | 2.2310204194 |
| 2019-04-01 | 2.0519746619 |
| 2019-05-01 | 2.4097864057 |
| 2019-06-01 | 2.0414181347 |
| 2019-07-01 | 2.3135490950 |
| 2019-08-01 | 2.3115294330 |
| 2019-09-01 | 2.1162911610 |
| 2019-10-01 | 2.2092331016 |
| 2019-11-01 | 2.1588884728 |
| 2019-12-01 | 2.2598425445 |
| 2020-01-01 | 2.3420760439 |
| 2020-02-01 | 2.0844785041 |
| 2020-03-01 | 2.0944479630 |
| 2020-04-01 | 1.9236906596 |
| 2020-05-01 | 1.8458302177 |
| 2020-06-01 | 1.7888695714 |
| 2020-07-01 | 1.8433364642 |
| 2020-08-01 | 2.0492601789 |
| 2020-09-01 | 1.9451640378 |
| 2020-10-01 | 2.4319594404 |
| 2020-11-01 | 2.2583454561 |
| 2020-12-01 | 2.1237795815 |
| 2021-01-01 | 2.0016220462 |
| 2021-02-01 | 2.1415408984 |
| 2021-03-01 | 2.2334761456 |
| 2021-04-01 | 2.4087639831 |
| 2021-05-01 | 2.1407894479 |
| 2021-06-01 | 2.2219228698 |
| 2021-07-01 | 2.4912448672 |
| 2021-08-01 | 2.1137375569 |
| 2021-09-01 | 2.5612892960 |
| 2021-10-01 | 2.3018228573 |
| 2021-11-01 | 2.2981904377 |
| 2021-12-01 | 2.3428835078 |
| 2022-01-01 | 2.5143968703 |
| 2022-02-01 | 2.3372283258 |
| 2022-03-01 | 2.3540493700 |
| 2022-04-01 | 2.5694746292 |
| 2022-05-01 | 2.4670606471 |
| 2022-06-01 | 2.5543740265 |
| 2022-07-01 | 2.1882056267 |
| 2022-08-01 | 2.4152582969 |
| 2022-09-01 | 2.3993223043 |
| 2022-10-01 | 2.4209055535 |
| 2022-11-01 | 2.3447345690 |
| 2022-12-01 | 2.3682838730 |
| 2023-01-01 | 2.2641600195 |
| 2023-02-01 | 2.4366951186 |
| 2023-03-01 | 2.3362256812 |
| 2023-04-01 | 2.0172717208 |
| 2023-05-01 | 2.1218065088 |
| 2023-06-01 | 2.5343501899 |
| 2023-07-01 | 2.4368281541 |
| 2023-08-01 | 2.0319706799 |
| 2023-09-01 | 2.3022031803 |
| 2023-10-01 | 2.0940995558 |
| 2023-11-01 | 2.3607699299 |
| 2023-12-01 | 2.1034150604 |
| 2024-01-01 | 2.1984928115 |
| 2024-02-01 | 2.1858851832 |
| 2024-03-01 | 2.0064912796 |
| 2024-04-01 | 2.2050057653 |
| 2024-05-01 | 2.2841435966 |
| 2024-06-01 | 2.2208857036 |
| 2024-07-01 | 2.1435224972 |
| 2024-08-01 | 2.4387950038 |
| 2024-09-01 | 2.1963221087 |
| 2024-10-01 | 2.3709727131 |
| 2024-11-01 | 2.0696952082 |
| 2024-12-01 | 2.1622537150 |
| 2025-01-01 | 2.0816401230 |
| 2025-02-01 | 2.1571807844 |
| 2025-03-01 | 2.3535175023 |
| 2025-04-01 | 2.0821617623 |
| 2025-05-01 | 2.3698143247 |
| 2025-06-01 | 2.1025483728 |
| 2025-07-01 | 2.2270808294 |
| 2025-08-01 | 2.1985869565 |
| 2025-09-01 | 2.1214801281 |
| 2025-10-01 | 2.2046418645 |
| 2025-11-01 | 2.1947749813 |
| 2025-12-01 | 2.3925115930 |
| 2026-01-01 | 2.4069550863 |
| 2026-02-01 | 2.2062257757 |
| 2026-03-01 | 2.3021641032 |
| 2026-04-01 | 2.4560300367 |
| 2026-05-01 | 2.2294318593 |
| 2026-06-01 | 2.2575969278 |
| 2026-07-01 | 2.0452504697 |
| 2026-08-01 | 2.1139827874 |