Definition
JOLTS is a monthly report by the U.S. Bureau of Labor Statistics that provides data on job openings, hires, resignations, layoffs, and other separations, offering a detailed view of labor market dynamics.
Related Services
Used in labor market analysis, workforce planning, economic forecasting, and investment strategy.
Problem and Application
JOLTS helps identify labor shortages, hiring trends, and employee retention challenges. Policymakers and businesses use the report to guide decisions on wages, hiring, and economic policy.
Conclusion
JOLTS is a key labor market indicator, offering insights into workforce supply and demand, which in turn affects wage inflation, consumer spending, and economic growth forecasts.
