Source: Ellieroth, Kathrin  

Source: Michaud, Amanda  

Release: Quits and Layoffs to Nonemployment Based on the Consumer Population Survey (CPS)  

Units:  Percent, Seasonally Adjusted

Frequency:  Monthly

Ellieroth and Michaud (EM) Employment-to-Layoff Transition Rate tracks the probability at which U.S. prime-age (25-55 years) workers transition from employment to non-employment following a layoff in a given month. Expressed as the share (percentage) of all prime-age employed workers in the previous month. Non-employment includes both unemployment and not in the labor force.