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 2026-05-01
Last Updated 2026-06-12 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 2.8679811730525530
1996-01-01 2.8471691465206530
1996-02-01 2.7761406236938164
1996-03-01 2.8184395845107070
1996-04-01 2.8338894987701235
1996-05-01 2.8951733168834470
1996-06-01 2.9068256716589067
1996-07-01 2.8588863165622964
1996-08-01 2.8162666089305968
1996-09-01 2.7883313476911367
1996-10-01 2.7403679373484464
1996-11-01 2.7226393130505766
1996-12-01 2.6638154768873634
1997-01-01 2.7988821049650200
1997-02-01 2.7625298455780000
1997-03-01 2.8489537849027800
1997-04-01 2.7632854793419965
1997-05-01 2.7941439900454700
1997-06-01 2.7575018942883767
1997-07-01 2.7542710677225000
1997-08-01 2.7695377790377200
1997-09-01 2.8030022376866266
1997-10-01 2.9081252882681468
1997-11-01 2.8660568883312700
1997-12-01 2.9128147870029166
1998-01-01 2.8124757417414896
1998-02-01 2.8115721051484166
1998-03-01 2.7281105875015800
1998-04-01 2.9199822513664264
1998-05-01 2.8781026896946000
1998-06-01 2.8728193239651830
1998-07-01 2.7501934232284530
1998-08-01 2.7721130190363240
1998-09-01 2.7437967399966903
1998-10-01 2.7288336724540800
1998-11-01 2.6679755288377100
1998-12-01 2.7513634552269800
1999-01-01 2.6716766476598530
1999-02-01 2.7148471926188270
1999-03-01 2.6375458426059800
1999-04-01 2.8359728894624600
1999-05-01 2.8242932779457100
1999-06-01 2.8143430365940930
1999-07-01 2.6784593539829970
1999-08-01 2.6825927137342230
1999-09-01 2.8530417669758730
1999-10-01 2.8010936207462040
1999-11-01 2.8294081118706470
1999-12-01 2.8797148808620165
2000-01-01 2.9410246558273765
2000-02-01 2.9577053828732230
2000-03-01 2.8755569799279668
2000-04-01 2.8996515619255865
2000-05-01 2.9623450027367900
2000-06-01 2.9665279498461734
2000-07-01 2.8886783983940267
2000-08-01 2.7989475757552440
2000-09-01 2.7775994907519665
2000-10-01 2.8041971954578830
2000-11-01 2.8653563854812063
2000-12-01 2.7262163640441040
2001-01-01 2.7517842183899130
2001-02-01 2.7988959721945500
2001-03-01 2.8303379260355097
2001-04-01 2.7833230877670840
2001-05-01 2.5855289410790734
2001-06-01 2.6035004356591700
2001-07-01 2.5798024241185400
2001-08-01 2.7521314919882500
2001-09-01 2.6808241504688097
2001-10-01 2.6208311684441163
2001-11-01 2.5153085120427930
2001-12-01 2.5038450124396703
2002-01-01 2.4736253896673666
2002-02-01 2.4711147984258670
2002-03-01 2.4644015470562470
2002-04-01 2.4775199760509863
2002-05-01 2.5134001774517465
2002-06-01 2.5205745972628435
2002-07-01 2.5325321728827230
2002-08-01 2.4607776777740330
2002-09-01 2.4166955018007465
2002-10-01 2.4193833910309730
2002-11-01 2.4132257868299267
2002-12-01 2.3639798125601867
2003-01-01 2.3709320446132334
2003-02-01 2.2742427055763765
2003-03-01 2.3119890869267700
2003-04-01 2.2280430571882333
2003-05-01 2.3196826871866200
2003-06-01 2.2857193244318900
2003-07-01 2.2795733230733264
2003-08-01 2.2276955417054967
2003-09-01 2.2512370558461000
2003-10-01 2.2810907758075500
2003-11-01 2.2053561518882434
2003-12-01 2.2304411315775137
2004-01-01 2.2435394917013200
2004-02-01 2.2825338667015800
2004-03-01 2.2594395550644637
2004-04-01 2.3776445947210134
2004-05-01 2.4118718102540900
2004-06-01 2.3939017211562800
2004-07-01 2.3128911306922832
2004-08-01 2.3063271905426537
2004-09-01 2.3582750638421137
2004-10-01 2.3855522035788370
2004-11-01 2.3961073288944164
2004-12-01 2.4469840804121300
2005-01-01 2.4247160711913565
2005-02-01 2.4893544440625040
2005-03-01 2.4539467350471700
2005-04-01 2.4927227744802600
2005-05-01 2.3999984654116570
2005-06-01 2.4408782894319930
2005-07-01 2.2988273917705370
2005-08-01 2.3516509224008470
2005-09-01 2.3392375721792930
2005-10-01 2.4320371017552365
2005-11-01 2.4840952026287333
2005-12-01 2.4470460479650730
2006-01-01 2.4327373675324260
2006-02-01 2.4113226501260130
2006-03-01 2.4204311954060440
2006-04-01 2.3945937396995567
2006-05-01 2.3282514327314434
2006-06-01 2.3770974403241130
2006-07-01 2.3992159756358700
2006-08-01 2.4289038276875603
2006-09-01 2.3769915073878370
2006-10-01 2.3321524193062100
2006-11-01 2.3318845685712004
2006-12-01 2.3726164102283770
2007-01-01 2.4062664778374065
2007-02-01 2.3665403489602697
2007-03-01 2.3954080781048300
2007-04-01 2.4420764184285430
2007-05-01 2.5106304169519160
2007-06-01 2.4290300543519567
2007-07-01 2.4359298113672000
2007-08-01 2.4244777984286205
2007-09-01 2.4361575212456170
2007-10-01 2.3906114042014930
2007-11-01 2.4282531024239966
2007-12-01 2.3803023361856670
2008-01-01 2.4155541714188637
2008-02-01 2.3931466770319930
2008-03-01 2.4440990370568167
2008-04-01 2.4094702323367900
2008-05-01 2.4355851929681034
2008-06-01 2.4063207660005066
2008-07-01 2.4132726728580063
2008-08-01 2.4501343804494100
2008-09-01 2.4326728836297600
2008-10-01 2.4911704860358200
2008-11-01 2.3356545531808437
2008-12-01 2.3541766117101166
2009-01-01 2.2593497065328900
2009-02-01 2.3130318360114037
2009-03-01 2.2528105492455635
2009-04-01 2.2459899115486235
2009-05-01 2.2560690507988497
2009-06-01 2.2756971521259164
2009-07-01 2.2367529239165065
2009-08-01 2.1465551139610333
2009-09-01 2.1230702726956570
2009-10-01 2.1640189287838068
2009-11-01 2.1560626946310330
2009-12-01 2.1646108547029070
2010-01-01 2.1413103555262100
2010-02-01 2.1466019658339570
2010-03-01 2.1490794677569440
2010-04-01 2.1812130804439698
2010-05-01 2.1934650445515267
2010-06-01 2.1309454173985800
2010-07-01 2.1264958290255564
2010-08-01 2.1339196308773065
2010-09-01 2.2139700755250840
2010-10-01 2.1375658724082640
2010-11-01 2.1174909897608200
2010-12-01 2.1133411781741370
2011-01-01 2.1132073954370365
2011-02-01 2.0560361082833640
2011-03-01 2.0333228378879733
2011-04-01 2.1073873262152367
2011-05-01 2.1495503879021567
2011-06-01 2.1776776563034630
2011-07-01 2.1227021668342440
2011-08-01 2.1249336215293260
2011-09-01 2.1332049383543734
2011-10-01 2.1467528405597966
2011-11-01 2.2115663261813934
2011-12-01 2.1469698036291165
2012-01-01 2.1906677341388168
2012-02-01 2.1760366457206900
2012-03-01 2.2119677777722430
2012-04-01 2.1398853260288635
2012-05-01 2.0679962555178637
2012-06-01 2.1046968615769570
2012-07-01 2.1364487933547100
2012-08-01 2.2105523771825930
2012-09-01 2.1456880969757530
2012-10-01 2.1373233025827300
2012-11-01 2.0982530691604566
2012-12-01 2.1670442991654970
2013-01-01 2.1096649605653900
2013-02-01 2.1582382217299365
2013-03-01 2.1312239288134040
2013-04-01 2.1596145179027237
2013-05-01 2.1653857942923100
2013-06-01 2.1302862603215280
2013-07-01 2.1374989023281370
2013-08-01 2.1207603537320000
2013-09-01 2.1075031338068566
2013-10-01 2.1342787197233470
2013-11-01 2.1085985997252070
2013-12-01 2.0970126265291300
2014-01-01 2.1823390084694134
2014-02-01 2.1746685237806966
2014-03-01 2.1836283023272203
2014-04-01 2.1028922399877468
2014-05-01 2.1450030047592130
2014-06-01 2.1801348438380264
2014-07-01 2.2084693286327663
2014-08-01 2.2262055886873300
2014-09-01 2.2793605820902770
2014-10-01 2.3102881194317000
2014-11-01 2.3057412867497800
2014-12-01 2.2640167011669330
2015-01-01 2.2367020908222360
2015-02-01 2.2142479575587800
2015-03-01 2.2799168457749097
2015-04-01 2.3628927029934830
2015-05-01 2.3846362987749600
2015-06-01 2.3488137280242200
2015-07-01 2.3355509610308560
2015-08-01 2.2961819604411400
2015-09-01 2.3071132074161467
2015-10-01 2.3263664554548040
2015-11-01 2.3711979401060630
2015-12-01 2.3860702798001430
2016-01-01 2.3044908174080100
2016-02-01 2.2578403631471330
2016-03-01 2.1772045707090500
2016-04-01 2.1807301085276065
2016-05-01 2.1485693591797600
2016-06-01 2.2212738536792000
2016-07-01 2.2005178791443030
2016-08-01 2.2443285985558670
2016-09-01 2.3370003334055930
2016-10-01 2.3418231153510165
2016-11-01 2.3497508366810200
2016-12-01 2.2492628591834665
2017-01-01 2.1890420523121430
2017-02-01 2.1987775120454365
2017-03-01 2.2037174770722100
2017-04-01 2.2617265934121837
2017-05-01 2.2999506446503600
2017-06-01 2.2671988565875933
2017-07-01 2.2474722916138170
2017-08-01 2.1586323513130834
2017-09-01 2.2877223984282837
2017-10-01 2.3016583092591570
2017-11-01 2.3205929753801000
2017-12-01 2.1150011046404730
2018-01-01 2.0929806832699400
2018-02-01 2.1079299917182337
2018-03-01 2.1350529646636867
2018-04-01 2.1229678179328900
2018-05-01 2.0905709697740330
2018-06-01 2.1671071994902600
2018-07-01 2.1813130557956030
2018-08-01 2.2718881238409870
2018-09-01 2.1908484259977440
2018-10-01 2.1655149885139900
2018-11-01 2.0727057638770265
2018-12-01 2.1176774770327800
2019-01-01 2.1549094787800600
2019-02-01 2.2085114757045800
2019-03-01 2.2131047701170967
2019-04-01 2.1661758848239770
2019-05-01 2.2127942292232100
2019-06-01 2.1494422489704696
2019-07-01 2.2355652866043700
2019-08-01 2.2024378789727300
2019-09-01 2.2276219951911240
2019-10-01 2.1938732497718134
2019-11-01 2.1425027584342837
2019-12-01 2.1893641743236700
2020-01-01 2.2336209516984000
2020-02-01 2.2089716754982534
2020-03-01 2.1541740850346467
2020-04-01 2.0158918549218003
2020-05-01 1.9370296323507400
2020-06-01 1.8352805879952600
2020-07-01 1.8058757515744800
2020-08-01 1.8727887988636231
2020-09-01 1.9249908972785263
2020-10-01 2.1218575071448070
2020-11-01 2.1911589572512864
2020-12-01 2.2496954920876170
2021-01-01 2.1062164237592230
2021-02-01 2.0673752547329730
2021-03-01 2.1040106444424200
2021-04-01 2.2407533726743565
2021-05-01 2.2403257738951000
2021-06-01 2.2355754624776467
2021-07-01 2.2570093395185570
2021-08-01 2.2472598719642267
2021-09-01 2.3607192564646238
2021-10-01 2.3014562651190440
2021-11-01 2.3626950681494800
2021-12-01 2.2890475159357133
2022-01-01 2.3598068412578240
2022-02-01 2.3724984597523600
2022-03-01 2.3766022117920100
2022-04-01 2.3963481093583870
2022-05-01 2.4429416128646400
2022-06-01 2.5085006437389130
2022-07-01 2.3751147871628840
2022-08-01 2.3534223903186400
2022-09-01 2.3023240902202930
2022-10-01 2.3836900110455100
2022-11-01 2.3598420353921834
2022-12-01 2.3480971467156766
2023-01-01 2.2957996774073800
2023-02-01 2.3271908978779066
2023-03-01 2.3190921705992835
2023-04-01 2.2398326765368437
2023-05-01 2.1435959841908168
2023-06-01 2.2063955999061300
2023-07-01 2.3317977124677967
2023-08-01 2.2899114562884333
2023-09-01 2.2135206194961365
2023-10-01 2.1096900421787000
2023-11-01 2.2209169494529330
2023-12-01 2.1534075826606864
2024-01-01 2.1883257953020600
2024-02-01 2.1310934374142265
2024-03-01 2.1024440055390430
2024-04-01 2.1100961985733835
2024-05-01 2.1593766402604000
2024-06-01 2.2251502366858900
2024-07-01 2.1840448503140800
2024-08-01 2.2126530408138367
2024-09-01 2.2062396725304270
2024-10-01 2.2956240708874365
2024-11-01 2.1770424373592600
2024-12-01 2.1650692733948100
2025-01-01 2.0698404025728230
2025-02-01 2.1013209383968734
2025-03-01 2.1716157086718963
2025-04-01 2.1789166698448000
2025-05-01 2.2719288246314200
2025-06-01 2.1780077260216130
2025-07-01 2.1928157516476700
2025-08-01 2.1084147333624066
2025-09-01 2.1185930941560733
2025-10-01 2.1361625010152970
2025-11-01 2.1376088628695230
2025-12-01 2.2275732699732766
2026-01-01 2.2961231646093667
2026-02-01 2.3015091484034933
2026-03-01 2.2773153510475570
2026-04-01 2.3017735140350400
2026-05-01 2.3326762576007565

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