Job Openings and Labor Turnover Survey - JOLTS

AAA

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.

INVESTOPEDIA EXPLAINS '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. Business Cycle

    The fluctuations in economic activity that an economy experiences ...
  2. Consumer Confidence Index - CCI

    A survey by the Conference Board that measures how optimistic ...
  3. Help-Wanted Index - HWI

    The U.S. job market index, published monthly by the Conference ...
  4. Department Of Labor - DOL

    A U.S government cabinet body responsible for standards in occupational ...
  5. The Conference Board

    A not-for-profit research organization for businesses that distributes ...
  6. Business Cycle Indicators - BCI

    Composite of leading, lagging and coincident indexes created ...
Related Articles
  1. Top 6 Ways To Recession-Proof Your Job
    Personal Finance

    Top 6 Ways To Recession-Proof Your Job

  2. Understanding The Consumer Confidence ...
    Economics

    Understanding The Consumer Confidence ...

  3. A Guide To Conference Board Indicators
    Markets

    A Guide To Conference Board Indicators

  4. How A Limited Government Affects A Country's ...
    Economics

    How A Limited Government Affects A Country's ...

Hot Definitions
  1. Wage-Price Spiral

    A macroeconomic theory to explain the cause-and-effect relationship between rising wages and rising prices, or inflation. ...
  2. Accelerated Depreciation

    Any method of depreciation used for accounting or income tax purposes that allows greater deductions in the earlier years ...
  3. Call Risk

    The risk, faced by a holder of a callable bond, that a bond issuer will take advantage of the callable bond feature and redeem ...
  4. Parity Price

    When the price of an asset is directly linked to another price. Examples of parity price are: 1. Convertibles - the price ...
  5. Earnings Multiplier

    An adjustment made to a company's P/E ratio that takes into account current interest rates. The earnings multiplier is used ...
  6. Macroeconomics

    The field of economics that studies the behavior of the aggregate economy. Macroeconomics examines economy-wide phenomena ...
Trading Center