Table Data - 3-Month Moving Average of Average Probability of U.S. Workers Making Employer to Employer Transitions
| Title | 3-Month Moving Average of Average Probability of U.S. Workers Making Employer to Employer Transitions |
|---|---|
| Series ID | FMPSA3MA |
| 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 | 1995-12-01 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 |
|---|---|
| 1995-12-01 | 2.8679742799 |
| 1996-01-01 | 2.8471684906 |
| 1996-02-01 | 2.7761405510 |
| 1996-03-01 | 2.8184416036 |
| 1996-04-01 | 2.8338883517 |
| 1996-05-01 | 2.8951827686 |
| 1996-06-01 | 2.9068381010 |
| 1996-07-01 | 2.8589030340 |
| 1996-08-01 | 2.8162734260 |
| 1996-09-01 | 2.7883528253 |
| 1996-10-01 | 2.7403812831 |
| 1996-11-01 | 2.7226496122 |
| 1996-12-01 | 2.6637877645 |
| 1997-01-01 | 2.7988601000 |
| 1997-02-01 | 2.7625094339 |
| 1997-03-01 | 2.8489531832 |
| 1997-04-01 | 2.7632820410 |
| 1997-05-01 | 2.7941510727 |
| 1997-06-01 | 2.7575142129 |
| 1997-07-01 | 2.7542915382 |
| 1997-08-01 | 2.7695535115 |
| 1997-09-01 | 2.8030421019 |
| 1997-10-01 | 2.9081575380 |
| 1997-11-01 | 2.8660814986 |
| 1997-12-01 | 2.9127285315 |
| 1998-01-01 | 2.8123877261 |
| 1998-02-01 | 2.8114497428 |
| 1998-03-01 | 2.7280693061 |
| 1998-04-01 | 2.9199411294 |
| 1998-05-01 | 2.8781889073 |
| 1998-06-01 | 2.8729124427 |
| 1998-07-01 | 2.7502977470 |
| 1998-08-01 | 2.7721148517 |
| 1998-09-01 | 2.7438254459 |
| 1998-10-01 | 2.7288551559 |
| 1998-11-01 | 2.6679990546 |
| 1998-12-01 | 2.7512066305 |
| 1999-01-01 | 2.6714987069 |
| 1999-02-01 | 2.7145932055 |
| 1999-03-01 | 2.6374213315 |
| 1999-04-01 | 2.8358458006 |
| 1999-05-01 | 2.8245789552 |
| 1999-06-01 | 2.8146357109 |
| 1999-07-01 | 2.6787662641 |
| 1999-08-01 | 2.6825286764 |
| 1999-09-01 | 2.8530133427 |
| 1999-10-01 | 2.8010652865 |
| 1999-11-01 | 2.8293982170 |
| 1999-12-01 | 2.8794479798 |
| 2000-01-01 | 2.9407215363 |
| 2000-02-01 | 2.9572808456 |
| 2000-03-01 | 2.8753154812 |
| 2000-04-01 | 2.8994044867 |
| 2000-05-01 | 2.9629887903 |
| 2000-06-01 | 2.9671747189 |
| 2000-07-01 | 2.8893374195 |
| 2000-08-01 | 2.7987687490 |
| 2000-09-01 | 2.7774600371 |
| 2000-10-01 | 2.8040622528 |
| 2000-11-01 | 2.8652672007 |
| 2000-12-01 | 2.7259338728 |
| 2001-01-01 | 2.7514735944 |
| 2001-02-01 | 2.7984535338 |
| 2001-03-01 | 2.8300312297 |
| 2001-04-01 | 2.7830053957 |
| 2001-05-01 | 2.5862258718 |
| 2001-06-01 | 2.6041914426 |
| 2001-07-01 | 2.5804998090 |
| 2001-08-01 | 2.7518603906 |
| 2001-09-01 | 2.6805852890 |
| 2001-10-01 | 2.6206076357 |
| 2001-11-01 | 2.5151625524 |
| 2001-12-01 | 2.5035550359 |
| 2002-01-01 | 2.4733350907 |
| 2002-02-01 | 2.4707267036 |
| 2002-03-01 | 2.4641370327 |
| 2002-04-01 | 2.4772396283 |
| 2002-05-01 | 2.5143273687 |
| 2002-06-01 | 2.5214839718 |
| 2002-07-01 | 2.5334149378 |
| 2002-08-01 | 2.4604700442 |
| 2002-09-01 | 2.4163958578 |
| 2002-10-01 | 2.4191030866 |
| 2002-11-01 | 2.4130156283 |
| 2002-12-01 | 2.3637248697 |
| 2003-01-01 | 2.3707232547 |
| 2003-02-01 | 2.2740268299 |
| 2003-03-01 | 2.3118673220 |
| 2003-04-01 | 2.2279276455 |
| 2003-05-01 | 2.3205830960 |
| 2003-06-01 | 2.2864419100 |
| 2003-07-01 | 2.2802503335 |
| 2003-08-01 | 2.2273392686 |
| 2003-09-01 | 2.2510018309 |
| 2003-10-01 | 2.2807427800 |
| 2003-11-01 | 2.2050345984 |
| 2003-12-01 | 2.2301229912 |
| 2004-01-01 | 2.2433915402 |
| 2004-02-01 | 2.2824582073 |
| 2004-03-01 | 2.2596778271 |
| 2004-04-01 | 2.3779020318 |
| 2004-05-01 | 2.4128304040 |
| 2004-06-01 | 2.3942957576 |
| 2004-07-01 | 2.3132370298 |
| 2004-08-01 | 2.3059249937 |
| 2004-09-01 | 2.3581289335 |
| 2004-10-01 | 2.3851113977 |
| 2004-11-01 | 2.3955706406 |
| 2004-12-01 | 2.4463678227 |
| 2005-01-01 | 2.4243064994 |
| 2005-02-01 | 2.4891587176 |
| 2005-03-01 | 2.4545221824 |
| 2005-04-01 | 2.4937438166 |
| 2005-05-01 | 2.4015346303 |
| 2005-06-01 | 2.4413296019 |
| 2005-07-01 | 2.2990592268 |
| 2005-08-01 | 2.3512530744 |
| 2005-09-01 | 2.3392663175 |
| 2005-10-01 | 2.4309755648 |
| 2005-11-01 | 2.4828051468 |
| 2005-12-01 | 2.4456600641 |
| 2006-01-01 | 2.4321050802 |
| 2006-02-01 | 2.4111284120 |
| 2006-03-01 | 2.4215143431 |
| 2006-04-01 | 2.3966765444 |
| 2006-05-01 | 2.3308188892 |
| 2006-06-01 | 2.3779314391 |
| 2006-07-01 | 2.3995055540 |
| 2006-08-01 | 2.4283053636 |
| 2006-09-01 | 2.3767718265 |
| 2006-10-01 | 2.3302365118 |
| 2006-11-01 | 2.3299170668 |
| 2006-12-01 | 2.3708956843 |
| 2007-01-01 | 2.4057411493 |
| 2007-02-01 | 2.3670031358 |
| 2007-03-01 | 2.3979246382 |
| 2007-04-01 | 2.4467173305 |
| 2007-05-01 | 2.5159920250 |
| 2007-06-01 | 2.4319605147 |
| 2007-07-01 | 2.4377903456 |
| 2007-08-01 | 2.4247920738 |
| 2007-09-01 | 2.4367301647 |
| 2007-10-01 | 2.3888269488 |
| 2007-11-01 | 2.4269755488 |
| 2007-12-01 | 2.3802134752 |
| 2008-01-01 | 2.4175655470 |
| 2008-02-01 | 2.3937168513 |
| 2008-03-01 | 2.4415989117 |
| 2008-04-01 | 2.4019638774 |
| 2008-05-01 | 2.4250447492 |
| 2008-06-01 | 2.3933224966 |
| 2008-07-01 | 2.4006430035 |
| 2008-08-01 | 2.4367017142 |
| 2008-09-01 | 2.4191815177 |
| 2008-10-01 | 2.4748387060 |
| 2008-11-01 | 2.3189326808 |
| 2008-12-01 | 2.3366961520 |
| 2009-01-01 | 2.2439192220 |
| 2009-02-01 | 2.2970595861 |
| 2009-03-01 | 2.2356457618 |
| 2009-04-01 | 2.2256275846 |
| 2009-05-01 | 2.2334306671 |
| 2009-06-01 | 2.2526057456 |
| 2009-07-01 | 2.2142067474 |
| 2009-08-01 | 2.1248642603 |
| 2009-09-01 | 2.1015169169 |
| 2009-10-01 | 2.1404218010 |
| 2009-11-01 | 2.1312061868 |
| 2009-12-01 | 2.1377977982 |
| 2010-01-01 | 2.1161165535 |
| 2010-02-01 | 2.1224688455 |
| 2010-03-01 | 2.1270790397 |
| 2010-04-01 | 2.1611242032 |
| 2010-05-01 | 2.1747246109 |
| 2010-06-01 | 2.1136197968 |
| 2010-07-01 | 2.1094190305 |
| 2010-08-01 | 2.1172882573 |
| 2010-09-01 | 2.1967316591 |
| 2010-10-01 | 2.1193972694 |
| 2010-11-01 | 2.0990764152 |
| 2010-12-01 | 2.0948146291 |
| 2011-01-01 | 2.0958335827 |
| 2011-02-01 | 2.0394618924 |
| 2011-03-01 | 2.0181093614 |
| 2011-04-01 | 2.0935192843 |
| 2011-05-01 | 2.1366621973 |
| 2011-06-01 | 2.1654472721 |
| 2011-07-01 | 2.1108024040 |
| 2011-08-01 | 2.1134561963 |
| 2011-09-01 | 2.1218054981 |
| 2011-10-01 | 2.1349217516 |
| 2011-11-01 | 2.1998353481 |
| 2011-12-01 | 2.1354195376 |
| 2012-01-01 | 2.1804007178 |
| 2012-02-01 | 2.1665043127 |
| 2012-03-01 | 2.2032258218 |
| 2012-04-01 | 2.1315596712 |
| 2012-05-01 | 2.0600983663 |
| 2012-06-01 | 2.0969224957 |
| 2012-07-01 | 2.1292125253 |
| 2012-08-01 | 2.2035743415 |
| 2012-09-01 | 2.1394849515 |
| 2012-10-01 | 2.1314514265 |
| 2012-11-01 | 2.0929310200 |
| 2012-12-01 | 2.1621001443 |
| 2013-01-01 | 2.1051106820 |
| 2013-02-01 | 2.1541874081 |
| 2013-03-01 | 2.1278967079 |
| 2013-04-01 | 2.1568093912 |
| 2013-05-01 | 2.1632825758 |
| 2013-06-01 | 2.1276460164 |
| 2013-07-01 | 2.1353844714 |
| 2013-08-01 | 2.1186718283 |
| 2013-09-01 | 2.1067101201 |
| 2013-10-01 | 2.1339411024 |
| 2013-11-01 | 2.1091068524 |
| 2013-12-01 | 2.0977734775 |
| 2014-01-01 | 2.1837053501 |
| 2014-02-01 | 2.1762413304 |
| 2014-03-01 | 2.1856971718 |
| 2014-04-01 | 2.1048369708 |
| 2014-05-01 | 2.1474344311 |
| 2014-06-01 | 2.1817105262 |
| 2014-07-01 | 2.2108353367 |
| 2014-08-01 | 2.2284935117 |
| 2014-09-01 | 2.2834338904 |
| 2014-10-01 | 2.3146706829 |
| 2014-11-01 | 2.3109800871 |
| 2014-12-01 | 2.2698113053 |
| 2015-01-01 | 2.2429191776 |
| 2015-02-01 | 2.2209026640 |
| 2015-03-01 | 2.2868660661 |
| 2015-04-01 | 2.3705373615 |
| 2015-05-01 | 2.3926831238 |
| 2015-06-01 | 2.3620368854 |
| 2015-07-01 | 2.3492114196 |
| 2015-08-01 | 2.3098509671 |
| 2015-09-01 | 2.3162756022 |
| 2015-10-01 | 2.3352847324 |
| 2015-11-01 | 2.3807847246 |
| 2015-12-01 | 2.3961226058 |
| 2016-01-01 | 2.3150449970 |
| 2016-02-01 | 2.2685522671 |
| 2016-03-01 | 2.1879598110 |
| 2016-04-01 | 2.1918515961 |
| 2016-05-01 | 2.1599048422 |
| 2016-06-01 | 2.2316591717 |
| 2016-07-01 | 2.2112945158 |
| 2016-08-01 | 2.2556445098 |
| 2016-09-01 | 2.3500922114 |
| 2016-10-01 | 2.3549039861 |
| 2016-11-01 | 2.3631387145 |
| 2016-12-01 | 2.2630435587 |
| 2017-01-01 | 2.2032612182 |
| 2017-02-01 | 2.2136081066 |
| 2017-03-01 | 2.2189720379 |
| 2017-04-01 | 2.2774926950 |
| 2017-05-01 | 2.3157909746 |
| 2017-06-01 | 2.2822510567 |
| 2017-07-01 | 2.2629456945 |
| 2017-08-01 | 2.1745184829 |
| 2017-09-01 | 2.3046501901 |
| 2017-10-01 | 2.3188040190 |
| 2017-11-01 | 2.3379916675 |
| 2017-12-01 | 2.1327466060 |
| 2018-01-01 | 2.1107798096 |
| 2018-02-01 | 2.1259080523 |
| 2018-03-01 | 2.1535663212 |
| 2018-04-01 | 2.1422890104 |
| 2018-05-01 | 2.1102512823 |
| 2018-06-01 | 2.1861863784 |
| 2018-07-01 | 2.2007082755 |
| 2018-08-01 | 2.2918792985 |
| 2018-09-01 | 2.2118384428 |
| 2018-10-01 | 2.1864158416 |
| 2018-11-01 | 2.0935947775 |
| 2018-12-01 | 2.1391290855 |
| 2019-01-01 | 2.1764579519 |
| 2019-02-01 | 2.2304469494 |
| 2019-03-01 | 2.2352250709 |
| 2019-04-01 | 2.1894503289 |
| 2019-05-01 | 2.2363086336 |
| 2019-06-01 | 2.1731990894 |
| 2019-07-01 | 2.2603898707 |
| 2019-08-01 | 2.2278898828 |
| 2019-09-01 | 2.2529029784 |
| 2019-10-01 | 2.2181967836 |
| 2019-11-01 | 2.1670984107 |
| 2019-12-01 | 2.2149952707 |
| 2020-01-01 | 2.2591763075 |
| 2020-02-01 | 2.2343515529 |
| 2020-03-01 | 2.1791122164 |
| 2020-04-01 | 2.0395914934 |
| 2020-05-01 | 1.9598304676 |
| 2020-06-01 | 1.8577131354 |
| 2020-07-01 | 1.8309644828 |
| 2020-08-01 | 1.8991698728 |
| 2020-09-01 | 1.9521700387 |
| 2020-10-01 | 2.1484308025 |
| 2020-11-01 | 2.2180083704 |
| 2020-12-01 | 2.2770497857 |
| 2021-01-01 | 2.1336005303 |
| 2021-02-01 | 2.0947388732 |
| 2021-03-01 | 2.1311689932 |
| 2021-04-01 | 2.2676556469 |
| 2021-05-01 | 2.2675237102 |
| 2021-06-01 | 2.2642691740 |
| 2021-07-01 | 2.2916076261 |
| 2021-08-01 | 2.2829147769 |
| 2021-09-01 | 2.3956484420 |
| 2021-10-01 | 2.3322117016 |
| 2021-11-01 | 2.3934236307 |
| 2021-12-01 | 2.3207741478 |
| 2022-01-01 | 2.3915433886 |
| 2022-02-01 | 2.4045765122 |
| 2022-03-01 | 2.4080663085 |
| 2022-04-01 | 2.4274405536 |
| 2022-05-01 | 2.4708369688 |
| 2022-06-01 | 2.5384963848 |
| 2022-07-01 | 2.4111193389 |
| 2022-08-01 | 2.3944151404 |
| 2022-09-01 | 2.3423873972 |
| 2022-10-01 | 2.4196140483 |
| 2022-11-01 | 2.3956470829 |
| 2022-12-01 | 2.3851624684 |
| 2023-01-01 | 2.3328225258 |
| 2023-02-01 | 2.3634276070 |
| 2023-03-01 | 2.3523046804 |
| 2023-04-01 | 2.2709469792 |
| 2023-05-01 | 2.1659910121 |
| 2023-06-01 | 2.2331504667 |
| 2023-07-01 | 2.3727303670 |
| 2023-08-01 | 2.3432230147 |
| 2023-09-01 | 2.2660371112 |
| 2023-10-01 | 2.1517340414 |
| 2023-11-01 | 2.2614424200 |
| 2023-12-01 | 2.1947483441 |
| 2024-01-01 | 2.2290933667 |
| 2024-02-01 | 2.1704237775 |
| 2024-03-01 | 2.1374222703 |
| 2024-04-01 | 2.1409396699 |
| 2024-05-01 | 2.1734762268 |
| 2024-06-01 | 2.2457790583 |
| 2024-07-01 | 2.2245856690 |
| 2024-08-01 | 2.2767433332 |
| 2024-09-01 | 2.2696853257 |
| 2024-10-01 | 2.3457206489 |
| 2024-11-01 | 2.2230581454 |
| 2024-12-01 | 2.2108243313 |
| 2025-01-01 | 2.1138778672 |
| 2025-02-01 | 2.1424525508 |
| 2025-03-01 | 2.2049931535 |
| 2025-04-01 | 2.2062312028 |
| 2025-05-01 | 2.2762313707 |
| 2025-06-01 | 2.1931829032 |
| 2025-07-01 | 2.2407319437 |
| 2025-08-01 | 2.1843733986 |
| 2025-09-01 | 2.1948012802 |
| 2025-10-01 | 2.1877150001 |
| 2025-11-01 | 2.1873688108 |
| 2025-12-01 | 2.2741966279 |
| 2026-01-01 | 2.3410090135 |
| 2026-02-01 | 2.3441762227 |
| 2026-03-01 | 2.3130089819 |
| 2026-04-01 | 2.3306454908 |
| 2026-05-01 | 2.3377860464 |
| 2026-06-01 | 2.3234539590 |
| 2026-07-01 | 2.1834109220 |
| 2026-08-01 | 2.1454270222 |
| 2026-09-01 | 2.1089066176 |