JOLTS: Understanding Job Openings, Hiring, and Labor Turnover

What is the JOLTS Survey?

The Job Openings and Labor Turnover Survey (JOLTS) is a monthly report produced by the Bureau of Labor Statistics (BLS) that provides valuable data on the current state of the labor market in the United States.

Key Metrics Tracked by JOLTS

The JOLTS survey collects data on several key metrics, including:

• Job Openings: The number of positions that employers are actively trying to fill.
• Hires: The number of newly hired employees.
• Separations: The number of employees who leave their jobs.

Importance of JOLTS Data

JOLTS data is widely used by economists, policymakers, and businesses to gauge the health of the labor market and make informed decisions.

By providing information on the number of available job openings, JOLTS helps employers assess the competition for talent and adjust their hiring strategies accordingly. It also helps policymakers understand the dynamics of the labor market and make informed decisions about economic policies.

Accessing JOLTS Data

The latest JOLTS data is available on the BLS website at https://www.bls.gov/jlt.