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
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
Q: What does the quits rate measure? A: It measures voluntary employee separations as a percentage of total employment.
Q: How is this different from Separations? A: Quits are voluntary; Separations includes both voluntary quits and involuntary layoffs.
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