2013 Economic Calendar
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JOLTS
Released On 7/9/2013 10:00:00 AM For May, 2013
PriorPrior RevisedConsensusConsensus RangeActual
Job Openings3.757 M3.800 M3.800 M3.790 M to 3.860 M3.828 M

Highlights
The labor market continues to improve but slowly. The number of job openings in May was 3.828 million, little changed from April's 3.800 million. The number of job openings was little changed over the month in most industries but rose in retail trade and fell in professional and business services. The number of job openings rose in the Midwest but was essentially unchanged in the other three regions.

Both hires and separations are oscillating upward with hires running a little higher than separations. In May, there were 4.441 million hires versus 4.395 million the month before. The hires rate was 3.3 percent. The hires rate was little changed in all industries and regions over the month.

There were 4.323 million total separations in the month of May-slightly up from 4.287 million in April.
The separations rate was 3.2 percent. Total separations include quits, layoffs and discharges, and other separations. Total separations also is referred to as turnover.

Recent History Of This Indicator
The Labor Department's Job Openings and Labor Turnover Survey showed that there were 3.757 million job openings on the last business day of April, little changed from a revised 3.875 million in March. In April, the number of job openings was little changed in all industries and regions. The hires rate (3.3 percent) and separations rate (3.2 percent) were also little changed. Over the 12 months ending in April 2013, hires totaled 52.0 million and separations totaled 50.2 million, yielding a net employment gain of 1.8 million. These figures include workers who may have been hired and separated more than once during the year.

Definition
The JOLTS report is the Labor Departmentís Job Openings and Labor Turnover Survey. The headline number is job openings.

The JOLTS report defines Job Openings as all positions that are open (not filled) on the last business day of the month. A job is "open" only if it meets all three of the following conditions:
* A specific position exists and there is work available for that position. The position can be full-time or part-time, and it can be permanent, short-term, or seasonal, and
* The job could start within 30 days, whether or not the establishment finds a suitable candidate during that time, and
* There is active recruiting for workers from outside the establishment location that has the opening.

Active recruiting means the establishment is taking steps to fill a position. It may include advertising in newspapers, on television, or on radio; posting Internet notices; posting "help wanted" signs; networking with colleagues or making "word of mouth" announcements; accepting applications; interviewing candidates; contacting employment agencies; or soliciting employees at job fairs, state or local employment offices, or similar sources.

Job Openings does not include:
* Positions open only to internal transfers, promotions or demotions, or recall from layoffs
* Openings for positions with start dates more than 30 days in the future
* Positions for which employees have been hired, but the employees have not yet reported for work
* Positions to be filled by employees of temporary help agencies, employee leasing companies, outside contractors, or consultants. A separate form is used to collect information from temporary help/employee leasing firms for these employees.

JOLTS defines hires as all additions to the payroll during the month. JOLTS defines separations as all employees separated from the payroll during the calendar month.  Why Investors Care
 
[Chart]
The Job Openings and Labor Turnover Survey provides a different angle to labor market conditions. The key numbers are job openings, hires, and total separations.
Data Source: Haver Analytics
 

2013 Release Schedule
Released On: 3/124/95/76/117/98/69/1010/2411/2212/10
Release For: JanFebMarAprMayJunJulAugSepOct
 


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