Items include
JOLTs
Economic Indicators
Aug 29, 2023
Bottom Line: The Job Openings Layoffs and Turnover Survey showed sharply lower job openings in July and negative revisions to prior data. Moreover, the quit rate continued to trend lower, following the trend in openings. While the level of openings...
Aug 1, 2023
Bottom Line: The Job Openings Layoffs and Turnover Survey showed sharply lower job openings in June, and (unlike in May) there were downward revisions to previously reported openings. Importantly, the quit rate, which had been ticking surprisingly higher again, resumed...
Jul 6, 2023
Bottom Line: The Job Openings Layoffs and Turnover Survey showed sharply lower job openings in May, but there were upward revisions to previously reported openings. Lagged relative to most labor reports and our nowcast forecasts, the JOLTS survey is helpful...
May 31, 2023
Bottom Line: The Job Openings Layoffs and Turnover Survey showed higher-than-expected job openings in April. But importantly, the quit rate continued lower, suggesting employees are less confident that the labor market is so tight they can quickly get a new...
May 2, 2023
Bottom Line: The Job Openings Layoffs and Turnover Survey showed lower-than-expected job openings, dropping to a new cycle low. Layoffs also increased modestly. While the level of openings and the rates of voluntary quits are still high, the trend has...
Apr 4, 2023
Bottom Line: The Job Openings Layoffs and Turnover Survey showed lower-than-expected job openings in February, with openings falling below 10 million and hitting their lowest level of this cycle. Moreover, there were downward revisions to previously reported data. Openings were...
Mar 8, 2023
Bottom Line: The Job Openings Layoffs and Turnover Survey showed higher-than-expected job openings for the third consecutive month. While openings declined to start the year, there were upward revisions to previously reported data. That said, the quit rate, an indicator...
Feb 1, 2023
Bottom Line: The Job Openings Layoffs and Turnover Survey showed sharply higher job openings for the second consecutive month, closing 2022 back over 11 million. There was a big jump in openings for jobs in leisure and hospitality that drove...
Jan 4, 2023
Bottom Line: The Job Openings Layoffs and Turnover Survey showed sharply higher job openings than expected in November. November's reading only showed a decline because of sharp upward revisions to October's tally. While lagged (November data reported with December's national...
Nov 30, 2022
Bottom Line: The Job Openings Layoffs and Turnover Survey showed lower openings as the labor market slowly slackened. We should recall that JOLTS is lagged (these are October data, and the November employment report is due Friday) but offers greater...
Nov 1, 2022
The Job Openings Layoffs and Turnover Survey showed a sharp increase in openings in September, countering expectations for declines. Moreover, there were upward revisions to the prior tally of job openings. The healthcare sector led the jump in openings, as...
Oct 4, 2022
Bottom Line: The Job Openings Layoffs and Turnover Survey showed a sharp decline in openings in August. While lagged relative to other labor market indicators, the JOLTS report has been regularly cited by Fed Chair Jay Powell as a source...
Aug 30, 2022
Bottom Line: The Job Openings Layoffs and Turnover Survey revealed more job openings than expected but hiring continued to decline, and quits were lower. The JOLTS report is lagged relative to other labor market indicators but provides greater granularity than...
Aug 2, 2022
Bottom Line: The Job Openings Layoffs and Turnover Survey revealed fewer job openings and hires than expected in June. While still near record levels, openings reveal some easing of tight labor markets. The JOLTS report is lagged relative to other...
Jul 6, 2022
Bottom Line: The Job Openings Layoffs and Turnover Survey is lagged relative to other labor market indicators but provides greater granularity than most. The May report showed a decline in openings, but previous months were revised even higher. Even as...
Jun 1, 2022
Bottom Line: The Job Openings Layoffs and Turnover Survey confirmed tight labor market conditions. Openings fell in April but March's record reading was revised even higher. While the JOLTS report is lagged relative to other labor market indicators, the report...
May 3, 2022
Bottom Line: The Job Openings Layoffs and Turnover Survey confirmed tight labor market conditions. In March, openings rose sharply, hitting a new record with prior data revised to show even more openings. While the JOLTS report is lagged relative to...