JOLTS Quits Rate
The JOLTS quits rate is voluntary separations as a share of employment. Workers generally quit when they believe another job is available or they can improve their pay and conditions, making quits one of the cleanest revealed-preference measures of worker confidence.
Quits rate
Next release: Sep 1, 2026
Latest reading
As of June 2026, Quits Rate (Quits rate) stands at 2.0% — unchanged from 2.0% the prior reading, 1.0 pp below the November 2021 record of 3.0%. High or rising quits usually accompany a tight labor market and stronger wage bargaining; falling quits suggest workers are becoming less willing to risk a move. Extremely high turnover can still be disruptive, so the rate is best interpreted with hiring: healthy churn has both quits and hires, while falling quits and hires point to a frozen market. Series history runs from 2000 to present.
Sources, methodology & freshnessLast updated 2026-08-21 · Open ↓Close ↑
Full history
Methodology & data
Quits Rate is sourced from BLS via the Federal Reserve's FRED service (BLS Job Openings and Labor Turnover Survey via FRED (JTSQUR), monthly, seasonally adjusted). We pull the complete history, chart it on a monthly basis, overlay SPY for context, and generate a dated plain-English reading from the latest release — with no smoothing or adjustment beyond what the chart legend states.
Every reading is stamped with its release date, last updated 2026-08-21. Maintained and reviewed by Yuriy Matso; see our methodology for the standards every series on the site is held to.
Frequently asked questions
What is the JOLTS Quits Rate?
The JOLTS quits rate is voluntary separations as a share of employment. Workers generally quit when they believe another job is available or they can improve their pay and conditions, making quits one of the cleanest revealed-preference measures of worker confidence.
How do you read Quits Rate?
High or rising quits usually accompany a tight labor market and stronger wage bargaining; falling quits suggest workers are becoming less willing to risk a move. Extremely high turnover can still be disruptive, so the rate is best interpreted with hiring: healthy churn has both quits and hires, while falling quits and hires point to a frozen market.
Where does the Quits Rate data come from?
BLS Job Openings and Labor Turnover Survey via FRED (JTSQUR), monthly, seasonally adjusted. We chart the full history and publish a dated, plain-English reading with every release; the raw series is downloadable as CSV at /data/indicators/quits-rate.csv.
How often is Quits Rate updated?
Quits Rate is a monthly series from BLS, refreshed here as soon as a new release posts to FRED.
Quits rate
Next release: Sep 1, 2026