2013 Economic Calendar
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JOLTS
Released On 10/24/2013 10:00:00 AM For Aug, 2013
PriorPrior RevisedConsensusConsensus RangeActual
Job Openings3.689 M3.808 M3.725 M2.865 M to 3.780 M3.883 M

Highlights
There were 3.883 million job openings on the last business day of August, up from July at a revised 3.808 million. The latest figure posted above the consensus forecast for 3.725 million. The job openings rate improved slightly to 2.8 percent from 2.7 percent in July.

The hires rate was unchanged at 3.3 percent in August while the separations rate edged up to 3.2 percent from 3.1 percent in July. The hires and separations trends remain on a lower trajectory than openings-indicating that firms are having a hard time finding qualified applicants. And meanwhile, hires are only modestly above separations.

Overall, the latest JOLTS report continues to point to a sluggish jobs market.

This report was originally scheduled for October 8, 2013 but was delayed due to the government shutdown.

Market Consensus before announcement
The Labor Department's Job Openings and Labor Turnover Survey in July showed that jobs were harder to find that month. There were 3.689 million job openings on the last business day of July, down marginally from June at a revised 3.869 million. The job openings rates slipped to 2.6 percent from 2.8 percent in June. This release is produced by the Labor Department and the scheduled release time may be affected by federal government budget issues.

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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