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Economy

Economic Data (USA)

Tuesday, August 08, 2017

Job Openings and Labor Turnover Survey (JOLTS) During June 2017

The Job Openings and Labor Turnover Survey (JOLTS) during June 2017 was released by the Labor Department this morning:

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Job Openings

Predicted: 5,600,000
Actual:    6,163,000 (All-Time Record High)

  • Previous Month (revised): 5,702,000

  • One Year Previous: 5,535,000

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Hires: 5,356,000

Total Separations: 5,224,000

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The above, yellow-highlighted percentage represents the estimated number of job openings in the United States during the indicated month.  The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

Here's how the Labor Department defines Total Separations:

"Total separations includes quits, layoffs and discharges, and other separations. Total separations is referred to as turnover. Quits are generally voluntary separations initiated by the employee. Therefore, the quits rate can serve as a measure of workers’ willingness or ability to leave jobs. Layoffs and discharges are involuntary separations initiated by the employer. Other separations includes separations due to retirement, death, disability, and transfers to other locations of the same firm."

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