2018 Economic Calendar
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JOLTS  
Released On 6/5/2018 10:00:00 AM For Apr, 2018
PriorPrior RevisedConsensusConsensus RangeActual
Job Openings6.550 M6.633 M6.543 M6.200 M to 6.600 M6.698 M

Highlights
For the first time in nearly 20 years of existing records, the number of job openings, at 6.698 million in April, is exceeding the number of unemployed actively looking for work, at 6.346 million in April (subsequently falling in last week's employment report to 6.065 million in May).

And though 5.578 million were hired in April, the gap between openings and hires in today's JOLTS report, at 1.120 million, is the second largest on record next only to March's 1.147 million. This gap suggests that employers are having a hard time finding people to fill the jobs.

Today's report is a standout milestone of full employment that will capture the attention of monetary hawks whose focus is the risk of wage inflation.

Consensus Outlook
Job openings, at a consensus 6.543 million in April, are expected to hold near March's 6.550 million total and emerge above the number of employed actively looking for work, which for comparison totaled 6.346 million in April (6.065 million was posted for May). Openings in this report have been well ahead of hirings suggesting that employers aren't finding sufficient candidates.

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.  Why Investors Care
 
[Chart]
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
 

2018 Release Schedule
Released On: 1/92/63/164/135/86/57/108/79/1110/1611/612/10
Release For: NovDecJanFebMarAprMayJunJulAugSepOct
 


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