Understanding The JOLTS Data - Job Openings
Published At: Mar 25, 2024 by Verified Invesing
This chart shows the JOLTS (Job Openings) data. When analyzing this data, it is important to note that historically job openings are still elevated. This explains why the job market has been solid even with other economic indicators struggling. In fact, there remains about 1.3 jobs for every one person who is looking for work.
While the JOLTS data is declining recently, it is still historically elevated. However, once investors see the JOLTS data move below 7.5M and openings per unemployed breaks below one, a recession will likely be seen soon after.
The JOLTS data is a monthly economic number. The next release is on April 2nd, 2024.
