2017 Economic Calendar
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Released On 7/11/2017 10:00:00 AM For May, 2017
PriorPrior RevisedConsensusConsensus RangeActual
Job Openings6.044 M5.967 M5.975 M5.900 M to 6.100 M5.666 M

In a mixed report, employers are finally catching up with their hiring as job openings, at 5.666 million in May, fell back 5.0 percent and hiring, at 5.472 million, shot up 8.3 percent. The hiring total is a new record for this series while job openings are the second lowest of the year. Other movement in this report is a 1 tenth rise in the quits rate to 2.2 percent which hints perhaps at worker confidence and willingness to switch jobs which may be a positive for wage traction.

And the rise in hiring may generally be hinting at better wages. Openings had for 2 years been far ahead of hiring suggesting that employers were having a hard time finding the right people. Though the decline in job openings is never welcome, the separation between openings and hirings is better matched and the lowest since February last year.

Consensus Outlook
Job openings in the JOLTS report are expected to edge lower to a consensus 5.975 million in May vs a very strong 6.044 million in April. Job openings have been running about 1 million above totals for hiring indicating that employers are having a hard time finding the right people.

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.  Why Investors Care
The Job Openings and Labor Turnover Survey provides a different angle to labor market conditions. The key numbers are job openings, hires, and total separations.
Data Source: Haver Analytics

2017 Release Schedule
Released On: 1/102/73/164/115/96/67/118/89/1210/1111/712/11
Release For: NovDecJanFebMarAprMayJunJulAugSepOct

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