JOLTS
Business & Finance abbreviation · Economics
| Stands for | Job Openings and Labor Turnover Survey |
|---|---|
| Categories | Business & Finance |
JOLTS stands for Job Openings and Labor Turnover Survey, an economics abbreviation.
Monthly US Bureau of Labor Statistics survey measuring job openings, hires, quits and layoffs, giving a picture of labor demand and worker mobility beyond the headline jobs numbers. Data are released with about a one-month lag.
Example: JOLTS showed job openings falling to 7.4 million, close to the number of unemployed workers.
Usage notes
The quits rate is watched as a sign of worker confidence, since people quit more when they expect to find better jobs. The ratio of openings to unemployed people peaked at about two in 2022. Fed officials cite JOLTS when judging labor-market tightness. Pronounced "jolts."
Related abbreviations
More economics abbreviations
- GNP – Gross national product
- GVA – Gross value added
- HDI – Human Development Index
- HHI – Herfindahl-Hirschman Index
- HICP – Harmonised Index of Consumer Prices
- IS-LM – Investment-saving / liquidity preference-money supply model
- LDC – Least developed country
- LFPR – Labor force participation rate
- LMIC – Low- and middle-income countries
- MC – Marginal cost
- MFN – Most favored nation
- MMT – Modern monetary theory