2018 Economic Calendar
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JOLTS  
Released On 9/11/2018 10:00:00 AM For Jul, 2018
PriorPrior RevisedConsensusConsensus RangeActual
Job Openings6.662 M6.822 M6.670 M6.655 M to 6.900 M6.939 M

Highlights
Job openings are absolutely surging while hiring is falling further behind. Openings jumped 1.7 percent in July to 6.939 million to easily top Econoday's consensus range. Hires, after posting a 1.2 percent decline in June, came in unchanged in July at 5.679 million.

Year-on-year, openings are up 11.9 percent with hirings up only 3.3 percent with the latter now having fallen for three months in a row. The widening gap between openings and hires strongly suggests that employers are having a hard time finding employees with the right qualifications.

The number of openings, for the first time on record, moved past the number of people actively looking for work in March this year. This gap also keeps widening and stood at 659,000 in July and raises the risk of wage pressures as slack disappears in the available workforce.

Another sign of pressure, one watched by Jerome Powell, is the quits rate in this report which, up 1 tenth to 2.4 percent, is on the rise and what points to increasing willingness of those with jobs to look for better work.

Consensus Outlook
Forecasters see job openings in July, at a consensus 6.670 million, holding steady near June's total of 6.662 million. This report has been signaling strong demand for labor.

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
 

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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