Federal Reserve Economic Data

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

Sep 2025: 2.10690
Updated: Dec 12, 2025 1:01 PM CST
Next Release Date: Not Available
Sep 2025:  2.10690  
Aug 2025:  2.18122  
Jul 2025:  2.14927  
Jun 2025:  2.10357  
May 2025:  2.45327  
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Units:

Percent,
Seasonally Adjusted

Frequency:

Monthly

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Notes

Source: Federal Reserve Bank of Philadelphia  

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

Units:  Percent, 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 [FMPSA], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/FMPSA, .

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