Quits - Nonfarm
Returns the quits rate for nonfarm employees from FRED (Federal Reserve Economic Data). This measures voluntary separations initiated by employees.
Data Source
Data is sourced from the Bureau of Labor Statistics Job Openings and Labor Turnover Survey (JOLTS), published monthly.
Notes
- Higher quits rate generally indicates a strong labor market (employees confident in finding new jobs)
- No parameters required - returns the most recent value
Syntax
=Quits()Returns
number
Quits rate for nonfarm employees
Examples
=Quits()When to Use
- Labor market analysis
- Economic health assessment
- HR and workforce planning research
- Wage pressure analysis
When NOT to Use
| Scenario | Use Instead |
|---|---|
| Total separations | Separations() |
| Unemployment rate | UnemploymentRate() |
| Job openings | FRED direct access |
Common Issues & FAQ
What does the quits rate measure?
It measures voluntary employee separations as a percentage of total employment.
How is this different from Separations?
Quits are voluntary; Separations includes both voluntary quits and involuntary layoffs.
Related Formulas
More MarketXLS Economic Data formulas you can use in the same worksheet:
Get Access to 1 Billion Usable Market data points IN YOUR EXCEL SHEETS WITH EASY TO USE EXCEL FUNCTIONS
Get started today
▶
How does MarketXLS work?