The Economy & the Fed
Job Openings (JOLTS)
The Job Openings and Labor Turnover Survey, from the Bureau of Labor Statistics, asks about 21,000 businesses how many jobs they were trying to fill on the last business day of the month. A job counts as open only if a specific position exists, the work could start within 30 days, and the employer is actively recruiting from outside. The same survey counts hires, quits and layoffs. Openings measure demand for workers: set against the number of people looking for work, they show how tight the job market is.
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