JOLTS
a.k.a. Job Openings and Labor Turnover Survey, Job openings
A monthly US report on job openings, hires, quits and layoffs.
In plain English
A monthly US report on job openings, hires, quits and layoffs.
JOLTS, from the Bureau of Labor Statistics, shows how hot or cold the job market is beneath the headline payroll number. Lots of openings and quits suggest workers have bargaining power; fewer suggest cooling.
The Fed watched it closely after 2021 as a measure of labour shortages. It lags by about a month, so it is less timely than other jobs data. See also the Beveridge curve.
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