2017 Economic Calendar
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JOLTS  
Released On 12/11/2017 10:00:00 AM For Oct, 2017
PriorPrior RevisedConsensusConsensus RangeActual
Job Openings6.093 M6.117 M6.100 M6.050 M to 6.110 M5.996 M

Highlights
Job openings fell back and hirings picked up to narrow a gap which is still large and still pointing to unusually tight conditions in the labor market. Openings in October fell 2 percent in October to 5.996 million while hires rose 4.4 percent to 5.552 million. The difference between openings and hires, at 444,000, is down from nearly 800,000 in September and is the smallest since May. Yet openings have been ahead of hires for nearly 2 years as employers have had a difficult time filling positions in what underscores recent warnings out of the Federal Reserve's Beige Book: that lack of skilled workers is holding down business expansion.

Recent History Of This Indicator
At 4.1 percent, the unemployment rate is low and consistent with full employment which is also the signal from the JOLTS report where job openings have been running very strong, over 6 million at 6.093 million in September. Econoday's consensus for October job openings is 6.100 million.

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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