Job Openings and Labor Turnover Survey - JOLTS

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

The job openings and labor turnover survey (JOLTS) is 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 job openings and labor turnover survey data is published monthly and organized by region and industry.

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

The job openings and labor turnover survey (JOLTS) data has many uses, not least of which is to help guide the government in the formulation of economic policy through economic research and planning. The job openings and labor turnover survey publications provide data that can help in the analysis of industry retention rates, business cycles and industry-specific economic research. Also, the job openings and labor turnover survey data 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. Turnover Ratio

    Turnover ratio depicts how much of a portfolio has been replaced ...

  2. Employment Situation Report

    The Employment Situation report is a monthly report compiling ...

  3. Share Turnover

    Share turnover is a measure of stock liquidity, figured by dividing ...

  4. Asset Turnover Ratio

    Asset turnover ratio measures the value of a company’s sales ...

  5. Philadelphia Fed Survey

    The Philadelphia Fed Survey tracks regional manufacturing conditions ...

  6. Current Population Survey

    Current Population Survey is a statistical survey of households ...
Related Articles
  1. Insights

    What You Need To Know About The Employment Report

    This widely watched indicator of economic well-being directly influences the market.
  2. Trading

    Seven Emerging Currencies Challenging The Forex Hierarchy

    While the top-seven currencies follow a somewhat stable hierarchy, second-tier currencies can be all over the map.
  3. Investing

    Turnover ratios and fund quality

    Learn why the turnover ratios are not as important as some investors believe them to be.
  4. Insights

    How The Bureau Of Labor Statistics Works

    The Bureau of Labor Statistics (BLS) is the primary statistical agency for the U.S. federal government in labor economics and statistics.
  5. Insights

    7 States with the Healthiest Labor Markets in 2016

    Find out which states are will have the healthiest labor markets in 2016. The oil states are falling, while states in the West and Northwest are surging.
  6. Personal Finance

    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.
RELATED FAQS

  1. How should I use portfolio turnover to evaluate a mutual fund?

    Learn about the turnover rate for mutual funds, and understand the effect higher turnover may have on fund performance and ... Read Answer >>

  2. How can a company raise its asset turnover ratio?

    Find out more about the asset turnover ratio, what it measures, how to calculate the ratio and how a company could increase ... Read Answer >>

  3. How is asset turnover calculated?

    Learn what the asset turnover ratio is, how it can be used to compare companies in the same sector, and how the ratio is ... Read Answer >>

  4. What do efficiency ratios measure?

    Learn about efficiency ratios, what they measure, how to calculate commonly used efficiency ratios and how to interpret these ... Read Answer >>

  5. 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 >>

  6. Why are efficiency ratios important to investors?

    Learn about efficiency ratios, such as the asset turnover ratio, and why these metrics are important to investors when analyzing ... Read Answer >>
Trading Center