JOLTS Job Openings:
What They Mean for the Economy

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The Job Openings and Labor Turnover Survey (JOLTS)

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JOLTS is a monthly survey conducted by the Bureau of Labor Statistics that tracks job openings, hires, and quits. [{ "selector": ".mscnr-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateX(calc(360px - 26px))", "opacity": "1"}, {"offset": 1, "transform": "translateX(0)", "opacity": "1"} ] }]

The JOLTS report is one of the most important economic indicators as it provides insights into the strength of the labor market. [{ "selector": ".nfffi-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }]

The August 2023 JOLTS report showed that there were 10.9 million job openings in the US economy. [{ "selector": ".lcwmr-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateX(calc(360px - 26px))", "opacity": "1"}, {"offset": 1, "transform": "translateX(0)", "opacity": "1"} ] }]

This was down from 11.2 million job openings in July 2023 [{ "selector": ".pinjs-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "rotate(-580deg) scale(0.1)", "opacity": "1"}, {"offset": 1, "transform": "rotate(0deg) scale(1)", "opacity": "1"} ] }]

but it was still well above the pre-pandemic level of 7.4 million job openings. [{ "selector": ".mwngd-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "rotate(-580deg) scale(0.1)", "opacity": "1"}, {"offset": 1, "transform": "rotate(0deg) scale(1)", "opacity": "1"} ] }]

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JOLTS Job Openings:What They Mean for the Economy

The Job Openings and Labor Turnover Survey (JOLTS)

JOLTS Job Openings:
What They Mean for the Economy