| Consensus | Consensus Range | Previous | |
| Job Openings | 6.082M | 6.050M to 6.125M | 6.082M |
Market Consensus Before Announcement
At 4.1 percent, the unemployment rate is low and consistent with full employment which is also the signal from the JOLTS report where job openings have been running over 6 million and nearly matching the number of unemployed actively looking for work. Econoday’s consensus for September job openings is 6.082 million.
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 changesâ€such as job openings, hires, and separations.
