The availability of unfilled jobs - the job opening rate - is an important measure of the tightness of job markets, parallel to existing measures of unemployment.
The Job Openings and Labor Turnover Survey (JOLTS) was created to serve as demand-side indicators of labor shortages at the national level.
What is JOLTS?
JOLTS data serves as an economic indicator of the unmet labor demand with which to assess the presence or extent of labor shortages.
Data from a sample of approximately 16,000 U.S. business establishments are collected by the Bureau of Labor Statistics (BLS) through the JOLTS Data Collection Center.
JOLTS collects data on total employment, job openings, hires, quits, layoffs & discharges, and other separations.
What do JOLTS Summaries and Data Releases Tell Us?
Releases contain estimates of the number of, and rate of, job openings, hires and separations for the nonfarm industry sectors by industry and by geographic region.
Job openings are surveyed for changes in levels on the last business day of February. Over the month, hires and separations are also measured to give an idea of job turnover.
Latest JOLTS news and data releases are issued in the following formats.
Please see also:
· Job Openings and Labor Turnover Data (HTML)
· JOLTS Archived Data Releases
Job Openings Rate
The number of job openings may shed light on labor demand for existing jobs due to replacement (i.e., turnover) or anticipated new job growth.
The number of hires across industries provides insights into hiring practices and the labor market.