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 Labor Department's JOLTS report tracks monthly change in job openings and offers rates on hiring and quits. The reporting period lags other employment data including the employment situation report. The word JOLTS stands for Job Openings and Labor Turnover Survey.  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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