JOLTS Job Openings · JOLTS

Definition

The Job Openings and Labor Turnover Survey reports job openings, hires, quits and layoffs — the supply-and-demand plumbing of the labor market.

Why investors care

Openings gauge labor demand and the quits rate gauges worker confidence; the Fed cites the openings-to-unemployed ratio directly.

What to watch

The quits rate leads wage growth — falling quits is an early sign pay pressure is cooling.

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