What it is
The Job Openings and Labor Turnover Survey (JOLTS) is a monthly report from the Bureau of Labor Statistics (BLS) that offers insights into the dynamics of the labor market beyond just employment and unemployment. It tracks the number of job openings, actual hires, and separations, which include quits, layoffs, and discharges. This data helps economists understand labor demand, worker mobility, and the pace of churn in the job market.
The Federal Reserve pays close attention to the JOLTS report, especially the job openings number, as a measure of labor demand. A high number of job openings relative to unemployed workers can indicate a tight labor market, potentially leading to upward pressure on wages and inflation. Conversely, falling job openings might signal a cooling labor market. Investors use JOLTS to anticipate future wage growth and Fed policy.
Why it matters
JOLTS provides a detailed view of labor demand and worker movement. It helps assess labor market tightness, which influences wage growth and inflation, guiding Fed decisions.
Reviewed under editorial standardsUpdated September 26, 2026Not investment advice