JOLTS is a monthly survey conducted by the Bureau of Labor Statistics that tracks job openings, hires, and quits.
The JOLTS report is one of the most important economic indicators as it provides insights into the strength of the labor market.
The August 2023 JOLTS report showed that there were 10.9 million job openings in the US economy.
This was down from 11.2 million job openings in July 2023
but it was still well above the pre-pandemic level of 7.4 million job openings.
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