| Consensus | Consensus Range | Previous | |
|---|---|---|---|
| Job Openings | 7.300M | 7.180M to 7.400M | 7.227M |
Market Consensus Before Announcement
Job openings expected unchanged at 7.30 million rate versus 7.227 million in August.
Definition
The Labor Department's JOLTS report tracks monthly change in job openings and offers rates on hiring and quits. The reporting period lags other employment data including the employment situation report. The word JOLTS stands for Job Openings and Labor Turnover Survey.
Description
Although lagging the release timing of the employment situation report by a month, JOLTS provides additional information on the labor market. The payroll survey in the employment situation report provides numbers on net job changes. JOLTS breaks down labor market data into pre-net changes such as job openings, hires, and separations.
