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JOLTS: The Comprehensive Guide to the Job Openings and Labor Turnover Survey

What is JOLTS?

The Job Openings and Labor Turnover Survey (JOLTS) is a monthly report published by the Bureau of Labor Statistics (BLS) of the United States. It provides comprehensive data on job openings, hires, separations, and involuntary separations for the entire U.S. economy, as well as for major industry sectors and geographic areas.

Benefits of JOLTS

• Provides insights into the health of the labor market
• Helps businesses and policymakers make informed decisions
• Tracks changes in job market trends over time

Understanding JOLTS Data

JOLTS data is collected through a monthly survey of approximately 20,000 businesses. The survey covers establishments with at least one employee and includes all industries except government and private households.

Key data points reported in JOLTS include:

• Number of job openings
• Number of hires
• Number of separations
• Job openings rate
• Hire rate
• Separation rate

Applications of JOLTS Data

JOLTS data is widely used by businesses, economists, and policymakers to:

• Assess the supply and demand for labor
• Forecast future labor market trends
• Evaluate the effectiveness of labor market policies

Conclusion

The JOLTS survey is a valuable resource for anyone interested in the U.S. labor market. Its comprehensive data provides insights into the health of the economy and helps businesses and policymakers make informed decisions.