- Prior month 6.542M
- JOLTs Job openings for January x.xxxM vs 6.700 M estimate.
- Hires x.xxxM vs 5.293M prior
- Separations x.xxxM vs 5.251M prior
- Quits x.xxxM vs 3.248M prior
- Layoffs and discharges x.xxxM vs 1.775M
What it is?
For background, the Job Openings and Labor Turnover Survey, published monthly by the U.S. Bureau of Labor Statistics, provides comprehensive data on labor market dynamics by tracking job openings, hires, and separations across approximately 16,400 nonfarm establishments nationwide. Released typically on the first Tuesday of each month at 10:00 a.m. ET, the report measures unmet labor demand and became a closely watched indicator after former Federal Reserve Chair Janet Yellen highlighted its importance in 2014. A job opening is defined as a position that is vacant on the last business day of the month, has work available, could start within 30 days, and involves active external recruiting. The survey also breaks down separations into quits, layoffs and discharges, and other separations, offering insights into worker confidence and employer demand.
