Job Openings and Labor Turnover Survey - JOLTS

DEFINITION of 'Job Openings and Labor Turnover Survey - JOLTS'

A survey done by the United States Bureau of Labor Statistics to help measure job vacancies. It collects data from employers including retailers, manufacturers and different offices each month. Respondents to the survey answer quantitative and qualitative questions about their businesses' employment, job openings, recruitment, hires and separations. The JOLTS data is published monthly and by region and industry.

BREAKING DOWN 'Job Openings and Labor Turnover Survey - JOLTS'

JOLTS data has many uses, not least of which is to help guide the government in formulation of economic policy through economic research and planning. The JOLTS publications provide data that can help in the analysis of industry retention rates, business cycles and industry-specific economic research. Also, JOLTS has been used in conjunction with the Help-Wanted Index, which is published by the Conference Board, for a more accurate reading of job-market efficiency in the country.

RELATED TERMS
  1. Current Population Survey

    A statistical survey that is performed by the U.S. Census Bureau ...
  2. NY Empire State Index

    A seasonally adjusted index that tracks the results of the Empire ...
  3. Employment Situation Report

    A monthly report compiling a set of surveys in an attempt to ...
  4. Philadelphia Federal Index

    A regional federal-reserve-bank index measuring changes in business ...
  5. Quantitative Analysis

    A business or financial analysis technique that seeks to understand ...
  6. CEO Confidence Survey

    A monthly survey of 100 CEOs from a variety of industries in ...
Related Articles
  1. Retirement

    Economic Indicators: Employee Situation Report

    By Ryan Barnes Release Date: The first Friday of the month Release Time: 8:30am Eastern Standard Time Coverage: Previous ...
  2. Markets

    Leading Economic Indicators: U.S. Bureau of Labor Monthly Stats

    The Bureau of Labor Statistics' monthly employment figures are a key economic indicator. Here's how they work.
  3. Professionals

    9 Different Ways To Find A New Job

    Make sure you're covering all your bases and you should have a new career in no time.
  4. Markets

    America’s Labor Market: Hidden Distortions and Uncertain Forecasts

    Employment reports released by the Bureau of Labor Statistics have a profound impact on political, business, consumer, and investor behavior.
  5. Markets

    Job Openings and Hires Rose in December

    The Bureau of Labor Statistics offered a bit of good news amid the prevailing gloom Tuesday, reporting that job openings and hires increased in December.
  6. Markets

    Jobs Report: Hiring Slows, but Wages Rise

    The US economy created 151,000 jobs in January, much lower than economists had forecast.
  7. Investing

    Conference Board: CEO Confidence Survey

    By Chris Stone Contact Chris The opinions of companies' chief executive officers on the state of the economy can provide a valuable benchmark for traders and economists. In 1976, the Conference ...
  8. Investing

    The Complete Guide To Job Searching: Introduction

    Searching for a job is a challenging task whether you are looking for your first job, switching careers or re-entering the job market. The employment outlook is dynamic, responding to current ...
  9. Investing

    The Complete Guide To Job Searching

    Here's everything you need to know about looking for a job.
  10. Professionals

    Why You Should Be Seeking a Bigger Salary Now

    Timing is everything when it comes to asking for a raise – and that can mean knowing what's happening with the economy, as well as with you and your boss.
RELATED FAQS
  1. What data does the Bureau of Labor Statistics collect?

    Collected data includes unemployment numbers, inflation, prices, pay and benefits, time use of Americans, import/export numbers ... Read Answer >>
  2. What does the Bureau of Labor Statistics do?

    By collecting, analyzing and reporting on important economic data, the Bureau of Labor Statistics has become a critical information ... Read Answer >>
  3. Is the Bureau of Labor Statistics accurate?

    Read this brief analysis of the accuracy of Bureau of Labor Statistics, including a summary of the types of reports issued ... Read Answer >>
  4. How does the U.S. Bureau of Labor Statistics calculate the unemployment rate published ...

    Understand the process used by the U.S. Bureau of Labor Statistics to determine the official unemployment rate for the United ... Read Answer >>
  5. How does the Bureau of Labor Statistics determine the unemployment rate?

    Learn how estimates of the unemployment rate are made based on monthly surveys of American households that are conducted ... Read Answer >>
  6. How does the Bureau of Labor Statistics determine the Consumer Price Index (CPI)?

    Changes in the average price level of more than 200 goods and services across the U.S. economy are used to determine the ... Read Answer >>
Hot Definitions
  1. Quantitative Trading

    Trading strategies based on quantitative analysis which rely on mathematical computations and number crunching to identify ...
  2. Bond Ladder

    A portfolio of fixed-income securities in which each security has a significantly different maturity date. The purpose of ...
  3. Duration

    A measure of the sensitivity of the price (the value of principal) of a fixed-income investment to a change in interest rates. ...
  4. Dove

    An economic policy advisor who promotes monetary policies that involve the maintenance of low interest rates, believing that ...
  5. Cyclical Stock

    An equity security whose price is affected by ups and downs in the overall economy. Cyclical stocks typically relate to companies ...
  6. Front Running

    The unethical practice of a broker trading an equity based on information from the analyst department before his or her clients ...
Trading Center