JOLTS: Measuring Job Openings and Labor Turnover

A Monthly Report by the Bureau of Labor Statistics

The Job Openings and Labor Turnover Survey (JOLTS) is a monthly report released by the Bureau of Labor Statistics (BLS) of the United States. This survey provides valuable insights into the dynamics of the job market, including the number of job openings, the rate of hiring and separations, and the average duration of unemployment.

Key Findings from the JOLTS Report

The JOLTS report tracks a variety of key indicators, including:

• Job openings: The number of available jobs at the end of the month.
• Hiring rate: The number of new hires per 100 existing jobs.
• Separation rate: The number of employees who leave their jobs per 100 existing jobs.
• Average duration of unemployment: The average number of weeks that unemployed individuals have been out of work.

These indicators provide a comprehensive picture of the health of the job market and can help policymakers, economists, and businesses make informed decisions.

The JOLTS report is a valuable tool for understanding the dynamics of the job market. By providing timely and accurate data, the JOLTS report helps to inform our understanding of the economy and the challenges and opportunities facing workers and businesses.