Today the monthly Job Openings and Labor Turnover survey came out for the month of July. Expectations were for 9.5 million job openings, but the actual figure came in at 8.87 million, representing the biggest miss in recent history. This miss is further evidence that the...
Good news on the employment front. The July JOLTS data were released this morning and showed the total nonfarm hires level is at its highest level in 80 months (Nov 2007)....
We have another positive release for the US labor markets today as the number of job openings has increased by about 500k jobs in the past two months. According to the JOLTS report released this morning, the current level of 4.635 million jobs is the...
We have noted before the strange divergence between the JOLTS employment data and the monthly nonfarm payroll employment data before. The latest JOLTS data indicates that this spread is closing. In other US economic news, industrial production rose 0.3% MoM in November, in line with...
US JOLTS (Job Openings and Labor Turnover Stats) is a useful employment indicator that doesn’t get as much attention as it’s nonfarm payroll cousin. According to Bureau of Labor Statistics, JOLTS data was designed to ”serve as a demand-side indicator of labor shortages”....
