Federal Reserve Economic Data

Average Probability of U.S. Workers Making Employer to Employer Transitions (FMPNSA)

Feb 2025: 2.10823
Updated: Mar 14, 2025 1:00 PM CDT
Feb 2025:  2.10823  
Jan 2025:  1.99701  
Dec 2024:  1.80717  
Nov 2024:  1.99432  
Oct 2024:  2.43367  
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Percent,
Not Seasonally Adjusted

Frequency:

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Line 1
(a) Average Probability of U.S. Workers Making Employer to Employer Transitions, Percent, Not Seasonally Adjusted (FMPNSA)

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    Average Probability of U.S. Workers Making Employer to Employer Transitions
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    Notes

    Source: Federal Reserve Bank of Philadelphia  

    Release: Fujita, Moscarini, and Postel-Vinay Employer-to-Employer Transition Probability  

    Units:  Percent, Not Seasonally Adjusted

    Frequency:  Monthly

    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.

    Suggested Citation:

    Federal Reserve Bank of Philadelphia, Average Probability of U.S. Workers Making Employer to Employer Transitions [FMPNSA], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/FMPNSA, April 2, 2025.

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