2017 Economic Calendar
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JOLTS  
Released On 4/11/2017 10:00:00 AM For Feb, 2017
PriorPrior RevisedActual
Job Openings5.626 M5.625 M5.743 M

Highlights
Job openings rose a sharp 2.1 percent in February to 5.743 million which is the highest level since July last year and the 4th highest of the expansion. Hires totaled 5.314 million which is also among the best months of the expansion though down 2.0 percent from January. Year-on-year, openings are up 3.2 percent in contrast to a 2.4 percent decline for hires.

The gap between openings and hiring first opened up about 2 years ago signaling that employers are having a hard time finding people with the right skills. At 429,000, the current spread between openings and hirings is the widest since September.

Other readings include a 1 tenth downtick in the quits rate to 2.1 percent, a subdued reading that points to lack of movement between jobs and lack of wage pull for employees. The separations rate also fell, down 1 tenth to 3.5 percent.

This report is mixed with lack of movement and lack of hiring pointing to slackness in the labor market but not openings which are proving hard to fill and pointing to full employment.

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
 

2017 Release Schedule
Released On: 1/102/73/164/115/96/67/118/89/1210/1111/712/11
Release For: NovDecJanFebMarAprMayJunJulAugSepOct
 


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