The Job Openings and Labor Turnover Survey (JOLTS) is conducted by the Bureau of Labor Statistics of the U.S. Department of Labor. The program involves the monthly collection, processing, and dissemination of job openings and labor turnover data. The data, collected from sampled establishments on a voluntary basis, include employment, job openings, hires, quits, layoffs and discharges, and other separations.
The number of unfilled jobs—used to calculate the job openings rate—is an important measure of the unmet demand for labor. With that statistic, it is possible to paint a more complete picture of the U.S. labor market than by looking solely at the unemployment rate, a measure of the excess supply of labor.
Trading event: JOLTS Job Openings - Today 14:00 GMT
Investor Notes:
- JOLTS is expected to show 5.3 million Job Offerings during the month of July; 50K more Job openings compared to June.
- The US Unemployment rate remained at a record low of 5.4% in July.
