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 2026-06-01
Last Updated 2026-07-10 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 2.8679818144236460
1996-01-01 2.8471697861667240
1996-02-01 2.7761412678534630
1996-03-01 2.8184401568165334
1996-04-01 2.8338900135028067
1996-05-01 2.8951737687708503
1996-06-01 2.9068260134408370
1996-07-01 2.8588865396135370
1996-08-01 2.8162667511325900
1996-09-01 2.7883313733108195
1996-10-01 2.7403680382338163
1996-11-01 2.7226395086627204
1996-12-01 2.6638158526152800
1997-01-01 2.7988825343588304
1997-02-01 2.7625301986452600
1997-03-01 2.8489540379473640
1997-04-01 2.7632856302044430
1997-05-01 2.7941440360559100
1997-06-01 2.7575018034637830
1997-07-01 2.7542708402295840
1997-08-01 2.7695375792399264
1997-09-01 2.8030018867185330
1997-10-01 2.9081250565729766
1997-11-01 2.8660567823101130
1997-12-01 2.9128156121380270
1998-01-01 2.8124766390175830
1998-02-01 2.8115731111410334
1998-03-01 2.7281109120611970
1998-04-01 2.9199825456858440
1998-05-01 2.8781016917229000
1998-06-01 2.8728182720673500
1998-07-01 2.7501922375214270
1998-08-01 2.7721125115459400
1998-09-01 2.7437959808333500
1998-10-01 2.7288329362536170
1998-11-01 2.6679753552896000
1998-12-01 2.7513649478888933
1999-01-01 2.6716785862700570
1999-02-01 2.7148496668042936
1999-03-01 2.6375473791800170
1999-04-01 2.8359744599434165
1999-05-01 2.8242894496521664
1999-06-01 2.8143389619040766
1999-07-01 2.6784549379517237
1999-08-01 2.6825924272076365
1999-09-01 2.8530411097845840
1999-10-01 2.8010929080944700
1999-11-01 2.8294082857347130
1999-12-01 2.8797190759600930
2000-01-01 2.9410293139495365
2000-02-01 2.9577106420144800
2000-03-01 2.8755589288473930
2000-04-01 2.8996534940427600
2000-05-01 2.9623369437835336
2000-06-01 2.9665195952639270
2000-07-01 2.8886696215013097
2000-08-01 2.7989470661383400
2000-09-01 2.7775989596953963
2000-10-01 2.8041971407765030
2000-11-01 2.8653579262280600
2000-12-01 2.7262225905716630
2001-01-01 2.7517908234980530
2001-02-01 2.7989031466346600
2001-03-01 2.8303405653905800
2001-04-01 2.7833258521554230
2001-05-01 2.5855198726666030
2001-06-01 2.6034899517978400
2001-07-01 2.5797897807306830
2001-08-01 2.7521276887176800
2001-09-01 2.6808216553322466
2001-10-01 2.6208310102262530
2001-11-01 2.5153120677173466
2001-12-01 2.5038563511124936
2002-01-01 2.4736380547402800
2002-02-01 2.4711282942827500
2002-03-01 2.4644082210182034
2002-04-01 2.4775259674394667
2002-05-01 2.5133851106518070
2002-06-01 2.5205553805249163
2002-07-01 2.5325059322602800
2002-08-01 2.4607657203356568
2002-09-01 2.4166847903295000
2002-10-01 2.4193780104078395
2002-11-01 2.4132263974098764
2002-12-01 2.3639950113152435
2003-01-01 2.3709623434899600
2003-02-01 2.2742854976547430
2003-03-01 2.3120331837528734
2003-04-01 2.2280867051692570
2003-05-01 2.3197039149923600
2003-06-01 2.2856363286009165
2003-07-01 2.2794803862774170
2003-08-01 2.2276173243180030
2003-09-01 2.2512549657935104
2003-10-01 2.2811094240206464
2003-11-01 2.2053745287379964
2003-12-01 2.2304719230085435
2004-01-01 2.2435837596876302
2004-02-01 2.2826139636328400
2004-03-01 2.2595472306736700
2004-04-01 2.3777530790721330
2004-05-01 2.4119311176673763
2004-06-01 2.3937264707962830
2004-07-01 2.3127036337405200
2004-08-01 2.3061582218925470
2004-09-01 2.3583076142196670
2004-10-01 2.3855917453150300
2004-11-01 2.3961534968845037
2004-12-01 2.4470518287220666
2005-01-01 2.4248123543288930
2005-02-01 2.4895284029985000
2005-03-01 2.4541728522707100
2005-04-01 2.4929203471882566
2005-05-01 2.4000978719175903
2005-06-01 2.4404673343110237
2005-07-01 2.2984110068945200
2005-08-01 2.3513045717873298
2005-09-01 2.3393451593696730
2005-10-01 2.4321613712846637
2005-11-01 2.4841757015481900
2005-12-01 2.4471523661998240
2006-01-01 2.4328886967413100
2006-02-01 2.4116091742686070
2006-03-01 2.4208080608126530
2006-04-01 2.3949049429860260
2006-05-01 2.3283921900352333
2006-06-01 2.3763541135493930
2006-07-01 2.3984958033257630
2006-08-01 2.4283402714652970
2006-09-01 2.3772343608317830
2006-10-01 2.3324023522592430
2006-11-01 2.3320267336117100
2006-12-01 2.3727928205680238
2007-01-01 2.4065128618716365
2007-02-01 2.3669565870950330
2007-03-01 2.3959510320953060
2007-04-01 2.4425575820631638
2007-05-01 2.5109329611157696
2007-06-01 2.4280976476988934
2007-07-01 2.4350434759129200
2007-08-01 2.4238311356062905
2007-09-01 2.4366630480780370
2007-10-01 2.3911074920820300
2007-11-01 2.4285757239686940
2007-12-01 2.3806331368551600
2008-01-01 2.4159922031316430
2008-02-01 2.3937952200121067
2008-03-01 2.4450346996551366
2008-04-01 2.4106119263524963
2008-05-01 2.4367591556151966
2008-06-01 2.4073350788093330
2008-07-01 2.4143052378086503
2008-08-01 2.4515919227556700
2008-09-01 2.4341619356177900
2008-10-01 2.4928171209479000
2008-11-01 2.3368270554785533
2008-12-01 2.3554246974490470
2009-01-01 2.2605168358382266
2009-02-01 2.3143788039377040
2009-03-01 2.2541792008723838
2009-04-01 2.2475643466692000
2009-05-01 2.2578513169584900
2009-06-01 2.2787682999738563
2009-07-01 2.2395309642533830
2009-08-01 2.1491194165924767
2009-09-01 2.1243416271995470
2009-10-01 2.1654837849314170
2009-11-01 2.1574097140309405
2009-12-01 2.1658252760674834
2010-01-01 2.1423587872687000
2010-02-01 2.1477360297644030
2010-03-01 2.1503818910348570
2010-04-01 2.1823464641914665
2010-05-01 2.1943403891478463
2010-06-01 2.1326236370658360
2010-07-01 2.1282725631471195
2010-08-01 2.1359531669212000
2010-09-01 2.2151742353188637
2010-10-01 2.1387345373365565
2010-11-01 2.1184880068756670
2010-12-01 2.1145285630295500
2011-01-01 2.1142988043698066
2011-02-01 2.0570168105613367
2011-03-01 2.0340308371396265
2011-04-01 2.1081104025417097
2011-05-01 2.1502547304793040
2011-06-01 2.1785701084159435
2011-07-01 2.1235701647364200
2011-08-01 2.1258792652528100
2011-09-01 2.1338091863939630
2011-10-01 2.1472692553472170
2011-11-01 2.2121418779443240
2011-12-01 2.1474586206793800
2012-01-01 2.1913389546052730
2012-02-01 2.1766919526246533
2012-03-01 2.2125666131629930
2012-04-01 2.1403490252976702
2012-05-01 2.0681942325096830
2012-06-01 2.1050781817934503
2012-07-01 2.1368920962606204
2012-08-01 2.2112287944982130
2012-09-01 2.1462403900842800
2012-10-01 2.1377422256279800
2012-11-01 2.0985256987993670
2012-12-01 2.1674789803389530
2013-01-01 2.1099999711766837
2013-02-01 2.1586476997545300
2013-03-01 2.1318490358001540
2013-04-01 2.1604533404943440
2013-05-01 2.1664407919392965
2013-06-01 2.1305569961079365
2013-07-01 2.1376875292887100
2013-08-01 2.1206383705526965
2013-09-01 2.1077587532190830
2013-10-01 2.1345285008899900
2013-11-01 2.1091670746213365
2013-12-01 2.0975903003127500
2014-01-01 2.1831609164496100
2014-02-01 2.1752727995535968
2014-03-01 2.1840543136828700
2014-04-01 2.1028225775091265
2014-05-01 2.1450346435505900
2014-06-01 2.1795472044017130
2014-07-01 2.2082322113573065
2014-08-01 2.2257787340643733
2014-09-01 2.2800045136137700
2014-10-01 2.3109411509810966
2014-11-01 2.3065343894931702
2014-12-01 2.2647274550338630
2015-01-01 2.2373187482412100
2015-02-01 2.2149130765747262
2015-03-01 2.2808796124729970
2015-04-01 2.3644883056525330
2015-05-01 2.3863811271419160
2015-06-01 2.3538697443102303
2015-07-01 2.3401138512670000
2015-08-01 2.3004444416064900
2015-09-01 2.3079237816500666
2015-10-01 2.3273274200067933
2015-11-01 2.3722524024245404
2015-12-01 2.3869889453101200
2016-01-01 2.3052326564837900
2016-02-01 2.2585641398510803
2016-03-01 2.1776738386815330
2016-04-01 2.1810968840282640
2016-05-01 2.1488584818695866
2016-06-01 2.2208225619663238
2016-07-01 2.2001646934965270
2016-08-01 2.2439962670657367
2016-09-01 2.3381116261817265
2016-10-01 2.3428321664501700
2016-11-01 2.3506885791043635
2016-12-01 2.2497304403350333
2017-01-01 2.1895752572052130
2017-02-01 2.1996630925102240
2017-03-01 2.2046183918461133
2017-04-01 2.2624302201729200
2017-05-01 2.3004278599672700
2017-06-01 2.2670316895088334
2017-07-01 2.2475587706870100
2017-08-01 2.1589322350035967
2017-09-01 2.2888872871935900
2017-10-01 2.3029111026239400
2017-11-01 2.3218030358968260
2017-12-01 2.1156742201202765
2018-01-01 2.0934662999252040
2018-02-01 2.1080877899708370
2018-03-01 2.1355062053210565
2018-04-01 2.1233937384222967
2018-05-01 2.0912468514152067
2018-06-01 2.1673656714752900
2018-07-01 2.1818567335149530
2018-08-01 2.2725721102009800
2018-09-01 2.1916888369655040
2018-10-01 2.1660698626528240
2018-11-01 2.0730773177124333
2018-12-01 2.1184418811410400
2019-01-01 2.1554992226705703
2019-02-01 2.2092676835135130
2019-03-01 2.2138538630148130
2019-04-01 2.1672253964092665
2019-05-01 2.2138913296760400
2019-06-01 2.1506637589699770
2019-07-01 2.2378963044826765
2019-08-01 2.2049220460037900
2019-09-01 2.2292614215873700
2019-10-01 2.1943316961272300
2019-11-01 2.1430696789381500
2019-12-01 2.1907066866815770
2020-01-01 2.2347768073164533
2020-02-01 2.2097591318434400
2020-03-01 2.1547776202260440
2020-04-01 2.0164408828062865
2020-05-01 1.9374021286102732
2020-06-01 1.8366938871971932
2020-07-01 1.8089783285029200
2020-08-01 1.8756002615247000
2020-09-01 1.9261152040181069
2020-10-01 2.1218323112229970
2020-11-01 2.1918217303627903
2020-12-01 2.2510761782844235
2021-01-01 2.1073319163477200
2021-02-01 2.0682658178663200
2021-03-01 2.1049107207357130
2021-04-01 2.2410507770576200
2021-05-01 2.2404613098797430
2021-06-01 2.2381388574348366
2021-07-01 2.2635555238718466
2021-08-01 2.2533866999196930
2021-09-01 2.3638728409719470
2021-10-01 2.3017080534595795
2021-11-01 2.3637590000616897
2021-12-01 2.2911928660816800
2022-01-01 2.3618740510122667
2022-02-01 2.3747776024551900
2022-03-01 2.3783910139939235
2022-04-01 2.3977437451858170
2022-05-01 2.4417402919211133
2022-06-01 2.5112017932072500
2022-07-01 2.3812855486445000
2022-08-01 2.3613229217791600
2022-09-01 2.3059704072542067
2022-10-01 2.3845931034639904
2022-11-01 2.3622824428891067
2022-12-01 2.3518373951737000
2023-01-01 2.2993906322923200
2023-02-01 2.3304337253708467
2023-03-01 2.3211135137246064
2023-04-01 2.2407987273145040
2023-05-01 2.1389158474686630
2023-06-01 2.2092506196201270
2023-07-01 2.3398254510704803
2023-08-01 2.3027311542427267
2023-09-01 2.2191667041314600
2023-10-01 2.1113653564118966
2023-11-01 2.2234668910292100
2023-12-01 2.1564122116444000
2024-01-01 2.1912365864157100
2024-02-01 2.1338687405541767
2024-03-01 2.1040242635708037
2024-04-01 2.1101569293653670
2024-05-01 2.1497461485583864
2024-06-01 2.2277531906392336
2024-07-01 2.1915753867421730
2024-08-01 2.2301038168496730
2024-09-01 2.2130766711046370
2024-10-01 2.2996837348437670
2024-11-01 2.1809602488660100
2024-12-01 2.1685783748595330
2025-01-01 2.0726880790635365
2025-02-01 2.1039796847901497
2025-03-01 2.1724163225239270
2025-04-01 2.1778416605775830
2025-05-01 2.2587174788701630
2025-06-01 2.1826007536248637
2025-07-01 2.2025309650307400
2025-08-01 2.1304089484784900
2025-09-01 2.1251411988545703
2025-10-01 2.1400704322435470
2025-11-01 2.1417081631362030
2025-12-01 2.2315827088437170
2026-01-01 2.2997487837993600
2026-02-01 2.3051679279175232
2026-03-01 2.2789833434789130
2026-04-01 2.3018750591187230
2026-05-01 2.3201920792661967
2026-06-01 2.3147037065586200

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