The trend over time.
The latest available read: Quits Rate is at 1.9% as of August 2026. Source: FRED · JTSQUR. CSV and PNG downloads cover the selected date range.
What Quits Rate measures.
Voluntary quits as a percentage of total employment, from the BLS JOLTS survey. A quit is a worker leaving a job by choice, not a layoff or a firing.
People quit when they are confident they can find something better, so a high rate signals worker bargaining power and a falling rate signals caution. It tends to move with wage growth.
Why it matters.
A low quits rate signals weak job-hopping and muted wage pressure across the economy. For savers and mortgage holders, this suggests inflation stays contained, but for job seekers it may mean less leverage to negotiate better positions.