2018 Economic Calendar
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JOLTS  
Released On 4/13/2018 10:00:00 AM For Feb, 2018
PriorPrior RevisedConsensusConsensus RangeActual
Job Openings6.312 M6.228 M6.143 M6.000 M to 6.350 M6.052 M

Highlights
Job openings fell back 2.8 percent in February to 6.052 million but still remain well out in front of hirings which fell 1.2 percent to 5.507 million. Year-on-year, openings are up 7.7 percent vs only a 4.6 percent rise for hirings.

The 0.545 million gap between openings and hirings is very wide and hints at full employment, that is there are more jobs than workers. And employers aren't taking any risks with the workers they have, evidenced by separations which fell 2.4 percent to 5.192 million.

Lack of available labor could be an increasing factor that holds back business expansion. Useful comparisons for this report are the 6.585 million unemployed actively looking for work and the 11.681 million in the total available labor pool.

Consensus Outlook
Job openings are expected to ease back in February to a consensus 6.143 million from January's unusually strong 6.312 million. Openings have been getting further ahead of hirings suggesting that employers are having trouble finding candidates to fill slots.

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
 

2018 Release Schedule
Released On: 1/92/63/164/135/86/57/108/79/1110/1611/612/10
Release For: NovDecJanFebMarAprMayJunJulAugSepOct
 


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