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.

  1. Business Cycle

    The fluctuations in economic activity that an economy experiences ...
  2. Business Cycle Indicators - BCI

    Composite of leading, lagging and coincident indexes created ...
  3. Bureau Of Labor Statistics - BLS

    A government agency that produces economic data that reflects ...
  4. Help-Wanted Index - HWI

    The U.S. job market index, published monthly by the Conference ...
  5. The Conference Board

    A not-for-profit research organization for businesses that distributes ...
  6. Department Of Labor - DOL

    A U.S government cabinet body responsible for standards in occupational ...
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