2017 Economic Calendar
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Released On 9/12/2017 10:00:00 AM For Jul, 2017
PriorPrior RevisedConsensusConsensus RangeActual
Job Openings6.163 M6.116 M6.010 M6.000 M to 6.100 M6.170 M

In the latest indications of strong, tight conditions in the labor market, job openings rose to a higher-than-expected 6.170 million in July for a 0.9 percent increase from June. Hirings also rose, up 1.3 percent to 5.501 million which, however, is 669,000 below openings. Openings have been far ahead of hirings for the past several years to indicate that employers are having a hard time filling positions.

Other indications are steady to higher with the separation rate at 3.6 percent, the quits rate at 2.2 percent, and the layoff rate at 1.2 percent. The only employment data that aren't strong, in data however that are not part of the JOLTS report, are wages, yet job openings in this report are certain to catch the eye of the more hawkish FOMC policy makers who continue to warn that wage-push inflation is inevitable.

Consensus Outlook
Job openings in the JOLTS report have been very strong and moved higher in June to 6.163 million. Hires, however, are lagging way behind at 5.356 million which points to a tight labor market and difficulty filling positions. The consensus for job openings in the July report is 6.010 million.

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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