Quits rate

Worker confidence, revealed rather than surveyed.

Latest reading

1.90

Rate · observation 2026-08-01, published 2026-09-29

Last 24 observations.

Signal

−0.67

Inside the normal range. Not a strong reading either way.

Use: In model: block 2 score
Model input: change from the previous period
Direction: A falling value raises recession risk.

Where it fits

Labor Market: Detect the income-to-consumption feedback loop that turns a slowdown into a recession. The model averages the standardised signals in each block into a block score, then combines the twelve block scores in a probit. Today the 12-block model reads 1.6%.

Other signals in this block

Nonfarm payrolls
Household survey employment
Unemployment rate
U-6 underemployment rate
Sahm Rule (real-time)
Michaillat-Saez rule
Richmond Fed SOS indicator
Initial jobless claims, 4-week average
Continuing claims
Insured unemployment rate
Average weekly hours, manufacturing
Average weekly hours, all private