Federal Reserve Economic Data

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 2025-09-01
Last Updated 2025-12-12 1:01 PM CST
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 2.8512415803947300
1995-11-01 3.0753720881376400
1995-12-01 2.6773537313204700
1996-01-01 2.7888061128218200
1996-02-01 2.8622858344333800
1996-03-01 2.8042492494320500
1996-04-01 2.8351553610067097
1996-05-01 3.0461356547199500
1996-06-01 2.8392037772553500
1996-07-01 2.6913334037852000
1996-08-01 2.9182753013135700
1996-09-01 2.7553862881910000
1996-10-01 2.5474432310622400
1996-11-01 2.8650897943293000
1996-12-01 2.5789297712655297
1997-01-01 2.9526451086969900
1997-02-01 2.7560310590168000
1997-03-01 2.8381954439358800
1997-04-01 2.6956360160498303
1997-05-01 2.8486041828733100
1997-06-01 2.7282661914346700
1997-07-01 2.6859415015633500
1997-08-01 2.8944039045921800
1997-09-01 2.8286467106375300
1997-10-01 3.0013115074601700
1997-11-01 2.7682015465053400
1997-12-01 2.9689558907837696
1998-01-01 2.7002985615239000
1998-02-01 2.7655026465210300
1998-03-01 2.7185482741322500
1998-04-01 3.2759066348575700
1998-05-01 2.6398033369596000
1998-06-01 2.7026948098279300
1998-07-01 2.9080272688554200
1998-08-01 2.7056199400328600
1998-09-01 2.6177315904262900
1998-10-01 2.8631397702804900
1998-11-01 2.5230363973101500
1998-12-01 2.8679524415746400
1999-01-01 2.6240901803981900
1999-02-01 2.6525776099343000
1999-03-01 2.6360143312428300
1999-04-01 3.2193673753046603
1999-05-01 2.6173467518695100
1999-06-01 2.6061593578616400
1999-07-01 2.8117110429821700
1999-08-01 2.6299354924989000
1999-09-01 3.1174882884107300
1999-10-01 2.6558666676266500
1999-11-01 2.7148588519145400
1999-12-01 3.2684962272359000
2000-01-01 2.8398166988262497
2000-02-01 2.7649505696902200
2000-03-01 3.0220002337155700
2000-04-01 2.9120982170637800
2000-05-01 2.9525933425036700
2000-06-01 3.0345452348067300
2000-07-01 2.6785428738271100
2000-08-01 2.6838379742368000
2000-09-01 2.9704815764344900
2000-10-01 2.7583357790018800
2000-11-01 2.8672763793330800
2000-12-01 2.5531264891690200
2001-01-01 2.8350549663706100
2001-02-01 3.0086666741760200
2001-03-01 2.6474169122738500
2001-04-01 2.6940111904589297
2001-05-01 2.4147749648690000
2001-06-01 2.7013303035599300
2001-07-01 2.6229107406540400
2001-08-01 2.9322740474084696
2001-09-01 2.4873939059245800
2001-10-01 2.4429283666929700
2001-11-01 2.6156535766995300
2001-12-01 2.4530589650808303
2002-01-01 2.3522789447914300
2002-02-01 2.6081693296182100
2002-03-01 2.4328867227363400
2002-04-01 2.3916452013477500
2002-05-01 2.7151403668593800
2002-06-01 2.4544132716252300
2002-07-01 2.4274971401079300
2002-08-01 2.5005544446899500
2002-09-01 2.3221567641073800
2002-10-01 2.4355731680486800
2002-11-01 2.4820286176951800
2002-12-01 2.1744399800983900
2003-01-01 2.4564329846953203
2003-02-01 2.1919883933183100
2003-03-01 2.2876728100672200
2003-04-01 2.2046127382290600
2003-05-01 2.4663196307926200
2003-06-01 2.1857460482004503
2003-07-01 2.1861395861061000
2003-08-01 2.3112966287323800
2003-09-01 2.2564152160664803
2003-10-01 2.2757289856649500
2003-11-01 2.0840484819980900
2003-12-01 2.3316764547155900
2004-01-01 2.3150271893516700
2004-02-01 2.2009460187800100
2004-03-01 2.2623538181780600
2004-04-01 2.6696604812356200
2004-05-01 2.3032727104218500
2004-06-01 2.2084418822507900
2004-07-01 2.4266519852338400
2004-08-01 2.2841337228722500
2004-09-01 2.3643932624894500
2004-10-01 2.5084605724102300
2004-11-01 2.3156443490999500
2004-12-01 2.5168114973596603
2005-01-01 2.4414521999279900
2005-02-01 2.5092990397863900
2005-03-01 2.4107057255654800
2005-04-01 2.5580331739667000
2005-05-01 2.2312594778338500
2005-06-01 2.5333583344768500
2005-07-01 2.1318894344165100
2005-08-01 2.3904072291276300
2005-09-01 2.4962287433452300
2005-10-01 2.4102027172644100
2005-11-01 2.5460293560537300
2005-12-01 2.3847175163822500
2006-01-01 2.3664924532795700
2006-02-01 2.4812415799136700
2006-03-01 2.4123990681139200
2006-04-01 2.2898080529037400
2006-05-01 2.2827685039770500
2006-06-01 2.5589890731188100
2006-07-01 2.3563908174529700
2006-08-01 2.3728731651650703
2006-09-01 2.4032291102545600
2006-10-01 2.2216916246520400
2006-11-01 2.3712197507779800
2006-12-01 2.5249636863137200
2007-01-01 2.3205920950506700
2007-02-01 2.2521475402579703
2007-03-01 2.6132766657185300
2007-04-01 2.4633684177212300
2007-05-01 2.4589188207916900
2007-06-01 2.3682366908022400
2007-07-01 2.4848339012719500
2007-08-01 2.4259279194645400
2007-09-01 2.4033719549976300
2007-10-01 2.3482205549974700
2007-11-01 2.5382466381896500
2007-12-01 2.2597716668174200
2008-01-01 2.4500878083902800
2008-02-01 2.4661789193539100
2008-03-01 2.4065545123878800
2008-04-01 2.3415720311771000
2008-05-01 2.5399960548361100
2008-06-01 2.3162356297726400
2008-07-01 2.3630184310629000
2008-08-01 2.6527071198426700
2008-09-01 2.2641036091886400
2008-10-01 2.5373669648117200
2008-11-01 2.1838264083107800
2008-12-01 2.3181981029889000
2009-01-01 2.2528367873575000
2009-02-01 2.3434632972060200
2009-03-01 2.1357079120962600
2009-04-01 2.2289941821816100
2009-05-01 2.3689476423456000
2009-06-01 2.1925899951924000
2009-07-01 2.1110723377978600
2009-08-01 2.1011689266378400
2009-09-01 2.1230280381025800
2009-10-01 2.2332781952118500
2009-11-01 2.0759811366723700
2009-12-01 2.1479883726573700
2010-01-01 2.1666319238639500
2010-02-01 2.0934453344771800
2010-03-01 2.1575766188156600
2010-04-01 2.2641356093371300
2010-05-01 2.1298425077896900
2010-06-01 1.9692879736474000
2010-07-01 2.2499364706419502
2010-08-01 2.1544979973706100
2010-09-01 2.2111201602273400
2010-10-01 2.0212775615502200
2010-11-01 2.0940048209818900
2010-12-01 2.1990365522349498
2011-01-01 2.0230775240877400
2011-02-01 1.9248227550873000
2011-03-01 2.1322681604132500
2011-04-01 2.2444664852704800
2011-05-01 2.0508989795597100
2011-06-01 2.2160788270753100
2011-07-01 2.0804675169334200
2011-08-01 2.0587102562645200
2011-09-01 2.2428146640473400
2011-10-01 2.1215540806679400
2011-11-01 2.2528100821000100
2011-12-01 2.0488904380598600
2012-01-01 2.2532245324344100
2012-02-01 2.2103260569483400
2012-03-01 2.1574282381906700
2012-04-01 2.0377831982556300
2012-05-01 1.9953451723698200
2012-06-01 2.2677370607170600
2012-07-01 2.1339932345180600
2012-08-01 2.2184341920877200
2012-09-01 2.0747096739110100
2012-10-01 2.1100123868683403
2012-11-01 2.1019513011130700
2012-12-01 2.2819486093457900
2013-01-01 1.9394016579322295
2013-02-01 2.2483623258611800
2013-03-01 2.2022332277737497
2013-04-01 2.0234370355045800
2013-05-01 2.2656541758797300
2013-06-01 2.0961080158921800
2013-07-01 2.0459198794768600
2013-08-01 2.2163349585793900
2013-09-01 2.0578351655599900
2013-10-01 2.1272628786668800
2013-11-01 2.1404692308304600
2013-12-01 2.0240008219980000
2014-01-01 2.3830512593378400
2014-02-01 2.1176967946183100
2014-03-01 2.0516069957807503
2014-04-01 2.1425546494027703
2014-05-01 2.2450361402647600
2014-06-01 2.1566592101633497
2014-07-01 2.2280363511857000
2014-08-01 2.2988763363650300
2014-09-01 2.3176845510255700
2014-10-01 2.3218848504444103
2014-11-01 2.2861779171019703
2014-12-01 2.1929408190959700
2015-01-01 2.2406290660420200
2015-02-01 2.2200747385689100
2015-03-01 2.3907660462833302
2015-04-01 2.4887719931171200
2015-05-01 2.2852136319189200
2015-06-01 2.2866919018321900
2015-07-01 2.4510909615809900
2015-08-01 2.1678580549479000
2015-09-01 2.3174976656219800
2015-10-01 2.5101716325885000
2015-11-01 2.3023301788891900
2015-12-01 2.3629367194010600
2016-01-01 2.2655452780125100
2016-02-01 2.1636100494373203
2016-03-01 2.1214426210007200
2016-04-01 2.2760826550774000
2016-05-01 2.0678765105833600
2016-06-01 2.3401966069571003
2016-07-01 2.2154225308659603
2016-08-01 2.2004220420161100
2016-09-01 2.6199614399708400
2016-10-01 2.2304964320465500
2016-11-01 2.2246931999632897
2016-12-01 2.3187538034537000
2017-01-01 2.0510968467661800
2017-02-01 2.2544433177748497
2017-03-01 2.3335310868302400
2017-04-01 2.2250729921795100
2017-05-01 2.3691021835969800
2017-06-01 2.2360804949307500
2017-07-01 2.1663651740502800
2017-08-01 2.1045971393216100
2017-09-01 2.6256084893596100
2017-10-01 2.2094968426599200
2017-11-01 2.1619481625255500
2017-12-01 2.0089371714901700
2018-01-01 2.1437388660097400
2018-02-01 2.2074199068911400
2018-03-01 2.0913447135426400
2018-04-01 2.1093627342292898
2018-05-01 2.1108777403766800
2018-06-01 2.3212855999205697
2018-07-01 2.1516336432585800
2018-08-01 2.3839173791493100
2018-09-01 2.0787900776418500
2018-10-01 2.0765696168527600
2018-11-01 2.1054781631234700
2018-12-01 2.2142721505053498
2019-01-01 2.1894752560175700
2019-02-01 2.2678484272970900
2019-03-01 2.2293944550956700
2019-04-01 2.0509368386485898
2019-05-01 2.4075688784133600
2019-06-01 2.0401920775186300
2019-07-01 2.3085935750955300
2019-08-01 2.3095022303521600
2019-09-01 2.1169489323787203
2019-10-01 2.2078592366870100
2019-11-01 2.1561715183226100
2019-12-01 2.2570429186347100
2020-01-01 2.3409308174639200
2020-02-01 2.0827708694263200
2020-03-01 2.0935447190856102
2020-04-01 1.9279533762238100
2020-05-01 1.8460008532070400
2020-06-01 1.7879323181015200
2020-07-01 1.8365581581793000
2020-08-01 2.0463063950195500
2020-09-01 1.9469727931698700
2020-10-01 2.4307964054684503
2020-11-01 2.2566409009342700
2020-12-01 2.1230936908654600
2021-01-01 2.0022640172373700
2021-02-01 2.1415004656149800
2021-03-01 2.2339898681523100
2021-04-01 2.4206452758354000
2021-05-01 2.1414816683361100
2021-06-01 2.2245155929233698
2021-07-01 2.4766992895114700
2021-08-01 2.1097991545287700
2021-09-01 2.5640933630912400
2021-10-01 2.3002953584945600
2021-11-01 2.2965193247929400
2021-12-01 2.3417663921023800
2022-01-01 2.5124150780035600
2022-02-01 2.3375060841776600
2022-03-01 2.3561438658782400
2022-04-01 2.5873411428173200
2022-05-01 2.4797624769480700
2022-06-01 2.5601245867930897
2022-07-01 2.1715762965846400
2022-08-01 2.4059543509202900
2022-09-01 2.3964879025997500
2022-10-01 2.4189002605588200
2022-11-01 2.3369013878477800
2022-12-01 2.3755671301693900
2023-01-01 2.2720171240132700
2023-02-01 2.4294782476008200
2023-03-01 2.3445508839647000
2023-04-01 2.0494099491486400
2023-05-01 2.1514358831012600
2023-06-01 2.5411509350285900
2023-07-01 2.4004963236016500
2023-08-01 2.0171013574550200
2023-09-01 2.2937675361591100
2023-10-01 2.0949063972934300
2023-11-01 2.3495705529295700
2023-12-01 2.1229256901813100
2024-01-01 2.2138883231955200
2024-02-01 2.1716956036711603
2024-03-01 2.0197474484247400
2024-04-01 2.2611410090828303
2024-05-01 2.3384643360147400
2024-06-01 2.2254163990129600
2024-07-01 2.0971814394613000
2024-08-01 2.4136790602147600
2024-09-01 2.1823307705334702
2024-10-01 2.3744738028613000
2024-11-01 2.0546795568741700
2024-12-01 2.1929537541785000
2025-01-01 2.1070743600571400
2025-02-01 2.1264010579064800
2025-03-01 2.3718950020387600
2025-04-01 2.1614225823852400
2025-05-01 2.4532679145385000
2025-06-01 2.1035737347236200
2025-07-01 2.1492716587523500
2025-08-01 2.1812232569566400
2025-09-01 2.1069006774120000

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