2018 Economic Calendar
POWERED BY  econoday logo
U.S. & Intl Recaps   |   Event Definitions   |   Today's Calendar   |   

JOLTS  
Released On 5/8/2018 10:00:00 AM For Mar, 2018
PriorPrior RevisedConsensusConsensus RangeActual
Job Openings6.052 M6.078 M6.100 M6.000 M to 6.200 M6.550 M

Highlights
There are more than enough job openings, at 6.550 million in March, to give everyone who's looking for a job, at 6.346 million in April's employment report, a job. And though 5.425 million were hired in March, the gap between openings and hires in today's JOLTS report, at 1.125 million, is the largest on record which suggests that employers are having a hard time finding people with the right skills. The Bureau of Labor Statistics describes the results as a 1-to-1 ratio between the unemployed and job openings which it says is an historic low.

Openings in this report, underscored strongly by March, have been on a sharp climb and clearly hint at the risk of overheating in the labor market, that demand for labor is surpassing supply. Though wage pressures have remained limited and have been giving the Federal Reserve breathing space to keep on a gradual path of rate hikes, today's report does invite questions over capacity stress and wage inflation.

Consensus Outlook
Job openings are expected to rise slightly in March to 6.100 million vs February's 6.052 million. Openings in this report have been well ahead of hirings suggesting that there are more jobs than workers.

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
 


powered by  [Econoday]