2017 Economic Calendar
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Released On 6/6/2017 10:00:00 AM For Apr, 2017
PriorPrior RevisedConsensusConsensus RangeActual
Job Openings5.743 M5.785 M5.725 M5.700 M to 5.765 M6.044 M

Job openings are nearly 1 million ahead of hirings in a widening spread pointing to skill scarcity in the labor market. Job openings totaled 6.044 million in April which is well outside Econoday's high estimate for 5.765 million and up from a revised 5.785 million in the prior month. Hirings totaled 5.051 million which is well down from March's 5.304 million with the spread between the two nearly 150,000 higher at 993,000.

Job openings, representing labor demand, is a complementary statistic to unemployment, which represents labor supply. Useful comparisons for this report are the 6.9 million unemployed and the 12.4 million in the total available labor pool. 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. Today's report offers confirmation that demand for labor, in distinction to hiring, is a chief feature of the economy.

Consensus Outlook
Job openings in the JOLTS report are expected to edge lower to a consensus 5.725 million in April vs a very strong 5.743 million in March. Job openings have been very high and have been well ahead of hiring, indicating that employers are having a hard time finding qualified candidates.

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
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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