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 2026-04-01
Last Updated 2026-05-15 1:00 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 2.8679820365289570
1996-01-01 2.8471699304954000
1996-02-01 2.7761413251261300
1996-03-01 2.8184402975414830
1996-04-01 2.8338902290398930
1996-05-01 2.8951739884637700
1996-06-01 2.9068262187859000
1996-07-01 2.8588867018679100
1996-08-01 2.8162669355382297
1996-09-01 2.7883317848779270
1996-10-01 2.7403684571245530
1996-11-01 2.7226398290709666
1996-12-01 2.6638157207836930
1997-01-01 2.7988822816059136
1997-02-01 2.7625300201934500
1997-03-01 2.8489539872331133
1997-04-01 2.7632856225804097
1997-05-01 2.7941440938323137
1997-06-01 2.7575019709106003
1997-07-01 2.7542711471900600
1997-08-01 2.7695378069751200
1997-09-01 2.8030024978302737
1997-10-01 2.9081255538816870
1997-11-01 2.8660570900364200
1997-12-01 2.9128145132048030
1998-01-01 2.8124753487592837
1998-02-01 2.8115714705236035
1998-03-01 2.7281101131283970
1998-04-01 2.9199817639697137
1998-05-01 2.8781030711672800
1998-06-01 2.8728197536261900
1998-07-01 2.7501939496745400
1998-08-01 2.7721125312565230
1998-09-01 2.7437964507382966
1998-10-01 2.7288332936717064
1998-11-01 2.6679753502059302
1998-12-01 2.7513625199485467
1999-01-01 2.6716754879686038
1999-02-01 2.7148455083447700
1999-03-01 2.6375445031947330
1999-04-01 2.8359715197406430
1999-05-01 2.8242948321208700
1999-06-01 2.8143445898286865
1999-07-01 2.6784610630337000
1999-08-01 2.6825913418538034
1999-09-01 2.8530407572318530
1999-10-01 2.8010925174619100
1999-11-01 2.8294074845579400
1999-12-01 2.8797131366375770
2000-01-01 2.9410225192092840
2000-02-01 2.9577023007752503
2000-03-01 2.8755542365407933
2000-04-01 2.8996489051929930
2000-05-01 2.9623494885857040
2000-06-01 2.9665324777371300
2000-07-01 2.8886829199299497
2000-08-01 2.7989447301902800
2000-09-01 2.7775970100902200
2000-10-01 2.8041947432595100
2000-11-01 2.8653548513166065
2000-12-01 2.7262140469198366
2001-01-01 2.7517816009942700
2001-02-01 2.7988923851129064
2001-03-01 2.8303344850439700
2001-04-01 2.7833198185033297
2001-05-01 2.5855340115884733
2001-06-01 2.6035054595521800
2001-07-01 2.5798072073578000
2001-08-01 2.7521273601896530
2001-09-01 2.6808203047539200
2001-10-01 2.6208274620123370
2001-11-01 2.5153062011051235
2001-12-01 2.5038424327387068
2002-01-01 2.4736228706096830
2002-02-01 2.4711116978893000
2002-03-01 2.4643986809354270
2002-04-01 2.4775175288216134
2002-05-01 2.5134088380535460
2002-06-01 2.5205827357060000
2002-07-01 2.5325391870907170
2002-08-01 2.4607725006955734
2002-09-01 2.4166901685292133
2002-10-01 2.4193781528321800
2002-11-01 2.4132218517199570
2002-12-01 2.3639767750630267
2003-01-01 2.3709304791489267
2003-02-01 2.2742424484391570
2003-03-01 2.3119900955225400
2003-04-01 2.2280453974916500
2003-05-01 2.3196955403158834
2003-06-01 2.2857264786314900
2003-07-01 2.2795784698882770
2003-08-01 2.2276879265053670
2003-09-01 2.2512315284075965
2003-10-01 2.2810825671084400
2003-11-01 2.2053472407691330
2003-12-01 2.2304328685250203
2004-01-01 2.2435335827188100
2004-02-01 2.2825381916377867
2004-03-01 2.2594565348296767
2004-04-01 2.3776629828526270
2004-05-01 2.4118919352956270
2004-06-01 2.3939025373683838
2004-07-01 2.3128930744340100
2004-08-01 2.3063200711121667
2004-09-01 2.3582740686243200
2004-10-01 2.3855426620014570
2004-11-01 2.3960881492816792
2004-12-01 2.4469543970830400
2005-01-01 2.4246790967832300
2005-02-01 2.4893452309631600
2005-03-01 2.4539841285520567
2005-04-01 2.4927912796086065
2005-05-01 2.4000543941687966
2005-06-01 2.4408869846473240
2005-07-01 2.2988176487200870
2005-08-01 2.3516464787471630
2005-09-01 2.3392343524013100
2005-10-01 2.4320220639946730
2005-11-01 2.4840505431687130
2005-12-01 2.4469970939225430
2006-01-01 2.4326687787587230
2006-02-01 2.4113009127371400
2006-03-01 2.4204925646237800
2006-04-01 2.3947254695323936
2006-05-01 2.3283527800015595
2006-06-01 2.3771129870133034
2006-07-01 2.3991861731870570
2006-08-01 2.4288976496650140
2006-09-01 2.3769747573862340
2006-10-01 2.3321207650430870
2006-11-01 2.3318059692691670
2006-12-01 2.3725598765036930
2007-01-01 2.4061956908360200
2007-02-01 2.3665722853159767
2007-03-01 2.3955921326598903
2007-04-01 2.4424061061537170
2007-05-01 2.5109044414900400
2007-06-01 2.4291787250052370
2007-07-01 2.4359865145556103
2007-08-01 2.4245837498303800
2007-09-01 2.4362320189598234
2007-10-01 2.3906873076121897
2007-11-01 2.4282854633735167
2007-12-01 2.3804231263970260
2008-01-01 2.4156881123357463
2008-02-01 2.3930915531373333
2008-03-01 2.4436176049445370
2008-04-01 2.4084553931019800
2008-05-01 2.4342214616523767
2008-06-01 2.4047882505168467
2008-07-01 2.4117307382919800
2008-08-01 2.4486721937766034
2008-09-01 2.4311965182920834
2008-10-01 2.4896988211965567
2008-11-01 2.3340243716210267
2008-12-01 2.3523849376755037
2009-01-01 2.2575068877479603
2009-02-01 2.3111915581219300
2009-03-01 2.2510170255258632
2009-04-01 2.2440980418538630
2009-05-01 2.2542156610086730
2009-06-01 2.2739327036137267
2009-07-01 2.2349987587657670
2009-08-01 2.1447102889871905
2009-09-01 2.1211858631173770
2009-10-01 2.1621446502775930
2009-11-01 2.1542107784718967
2009-12-01 2.1626120365552666
2010-01-01 2.1391386393599467
2010-02-01 2.1443812655164530
2010-03-01 2.1470729942490303
2010-04-01 2.1795331768257737
2010-05-01 2.1919020763256700
2010-06-01 2.1294011574743200
2010-07-01 2.1249589072960537
2010-08-01 2.1324905453729466
2010-09-01 2.2125602706838430
2010-10-01 2.1361154147137300
2010-11-01 2.1159812520804566
2010-12-01 2.1119562948785200
2011-01-01 2.1119019217280700
2011-02-01 2.0548256258617834
2011-03-01 2.0320772795152804
2011-04-01 2.1060812436691600
2011-05-01 2.1483684600207160
2011-06-01 2.1765064031338830
2011-07-01 2.1216435342159365
2011-08-01 2.1237998038818600
2011-09-01 2.1320977504677967
2011-10-01 2.1456895839903467
2011-11-01 2.2104584233449530
2011-12-01 2.1458156531776130
2012-01-01 2.1895094760822670
2012-02-01 2.1749000052308800
2012-03-01 2.2108056360896864
2012-04-01 2.1387262404400070
2012-05-01 2.0669657072745835
2012-06-01 2.1038689574604130
2012-07-01 2.1357017249731896
2012-08-01 2.2098175907473400
2012-09-01 2.1448842798464800
2012-10-01 2.1365843107834170
2012-11-01 2.0975450906809270
2012-12-01 2.1664768447838400
2013-01-01 2.1090126739371040
2013-02-01 2.1576083263732130
2013-03-01 2.1306323458454830
2013-04-01 2.1591072107759497
2013-05-01 2.1648876367826637
2013-06-01 2.1298094148874270
2013-07-01 2.1370222851588600
2013-08-01 2.1202259576970470
2013-09-01 2.1069355091852870
2013-10-01 2.1337900620645640
2013-11-01 2.1082755241366167
2013-12-01 2.0966133788193635
2014-01-01 2.1819571615869600
2014-02-01 2.1741985156953830
2014-03-01 2.1832405528771770
2014-04-01 2.1025424736378766
2014-05-01 2.1447374158388035
2014-06-01 2.1800158279707604
2014-07-01 2.2083328097421030
2014-08-01 2.2261956120564530
2014-09-01 2.2793010821048605
2014-10-01 2.3103227857262403
2014-11-01 2.3057178147996670
2014-12-01 2.2640132241056000
2015-01-01 2.2366945286543300
2015-02-01 2.2143394925709137
2015-03-01 2.2800999578128662
2015-04-01 2.3632250222483497
2015-05-01 2.3849482231224130
2015-06-01 2.3487379095221270
2015-07-01 2.3353615330326734
2015-08-01 2.2960445446634568
2015-09-01 2.3073250293456438
2015-10-01 2.3267760284796970
2015-11-01 2.3714935722246300
2015-12-01 2.3864369952261497
2016-01-01 2.3047748577395564
2016-02-01 2.2582193772126566
2016-03-01 2.1775783657829004
2016-04-01 2.1811299973333966
2016-05-01 2.1490525386211834
2016-06-01 2.2219703338694634
2016-07-01 2.2012400748280770
2016-08-01 2.2450430814540300
2016-09-01 2.3376092932834296
2016-10-01 2.3424979347097667
2016-11-01 2.3504159118300840
2016-12-01 2.2500032676185540
2017-01-01 2.1897806463265970
2017-02-01 2.1996667146154130
2017-03-01 2.2045932453765660
2017-04-01 2.2626167806303040
2017-05-01 2.3006875106151665
2017-06-01 2.2680477822178300
2017-07-01 2.2483490818105330
2017-08-01 2.1597451137545200
2017-09-01 2.2887783776084600
2017-10-01 2.3028174665687200
2017-11-01 2.3217491961924630
2017-12-01 2.1162275125005365
2018-01-01 2.0941653844069600
2018-02-01 2.1090374959684370
2018-03-01 2.1361841254392164
2018-04-01 2.1241137210615930
2018-05-01 2.0917363563417566
2018-06-01 2.1682920074987733
2018-07-01 2.1825134535063730
2018-08-01 2.2732100076251700
2018-09-01 2.1921559839157565
2018-10-01 2.1668530425090435
2018-11-01 2.0739536085842234
2018-12-01 2.1189959504620237
2019-01-01 2.1563088546911637
2019-02-01 2.2101461650300400
2019-03-01 2.2147850734214030
2019-04-01 2.1678629861964405
2019-05-01 2.2141976486929966
2019-06-01 2.1508103942758330
2019-07-01 2.2369996704353534
2019-08-01 2.2041820443895930
2019-09-01 2.2294656895596700
2019-10-01 2.1957215086058066
2019-11-01 2.1443405000409530
2019-12-01 2.1911817166899032
2020-01-01 2.2354284821275634
2020-02-01 2.2107484231677070
2020-03-01 2.1559934184218634
2020-04-01 2.0180308845820902
2020-05-01 1.9394360823905263
2020-06-01 1.8374471652076567
2020-07-01 1.8077368635099730
2020-08-01 1.8744628928944167
2020-09-01 1.9270137183749103
2020-10-01 2.1238819672724536
2020-11-01 2.1930408697152400
2020-12-01 2.2514248672265860
2021-01-01 2.1080327917508640
2021-02-01 2.0694117842069060
2021-03-01 2.1062849161578530
2021-04-01 2.2439459853128603
2021-05-01 2.2435773261535400
2021-06-01 2.2385568319022700
2021-07-01 2.2592953930236030
2021-08-01 2.2496165974349367
2021-09-01 2.3635117728462800
2021-10-01 2.3040143571061800
2021-11-01 2.3648909565491367
2021-12-01 2.2909186397180368
2022-01-01 2.3615409955566267
2022-02-01 2.3743999932472060
2022-03-01 2.3789998652152367
2022-04-01 2.4002591188294530
2022-05-01 2.4487168484527264
2022-06-01 2.5135111133829500
2022-07-01 2.3788905536571936
2022-08-01 2.3554353524867198
2022-09-01 2.3045514147980266
2022-10-01 2.3854964349547630
2022-11-01 2.3612963916005536
2022-12-01 2.3495222653881136
2023-01-01 2.2975619810601700
2023-02-01 2.3295564496654100
2023-03-01 2.3229927339887704
2023-04-01 2.2454991976203305
2023-05-01 2.1511462980473235
2023-06-01 2.2122444002285000
2023-07-01 2.3360046709930330
2023-08-01 2.2920416915363700
2023-09-01 2.2157248844743800
2023-10-01 2.1113991455663300
2023-11-01 2.2220303484965470
2023-12-01 2.1544799170966504
2024-01-01 2.1898883214376900
2024-02-01 2.1335925407419130
2024-03-01 2.1072952887819640
2024-04-01 2.1178019138321400
2024-05-01 2.1698301157903870
2024-06-01 2.2331374118338534
2024-07-01 2.1891147613624500
2024-08-01 2.2144052006212367
2024-09-01 2.2080210768317770
2024-10-01 2.2966200596830766
2024-11-01 2.1774565837338200
2024-12-01 2.1652241486618300
2025-01-01 2.0707475380669500
2025-02-01 2.1034714335041533
2025-03-01 2.1774040351384730
2025-04-01 2.1882866329052466
2025-05-01 2.2872254059631936
2025-06-01 2.1897542277562840
2025-07-01 2.2006745481243400
2025-08-01 2.1093611210307897
2025-09-01 2.1193868924850070
2025-10-01 2.1362992760020000
2025-11-01 2.1372265788134370
2025-12-01 2.2272540119239170
2026-01-01 2.2965672169015736
2026-02-01 2.3034497082991363
2026-03-01 2.2833109882662240
2026-04-01 2.3124075306199930

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