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JOLTS

August JOLTS signals cooler jobs market. That's not bad news

by Caleigh Wells
Oct 1, 2024
The market is coming down from a hiring boom that wasn’t exactly sustainable.
Fewer people are leaving their jobs, according to latest JOLTS data.
Justin Sullivan/Getty Images
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What does a normalizing job market look like?

by Samantha Fields
Jul 30, 2024
Economists say the supply of jobs and workers is coming into better balance than during the labor shortages of the pandemic.
From May to June, little changed in terms of job openings, layoffs and quits. Take a birds-eye view though, and the labor market has slowed in the last year.
Michael M. Santiago/Getty Images
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Steady hiring and quitting rates may be a sign that workers are staying put

by Stephanie Hughes
Jun 4, 2024
The data suggest the job market could be returning to more normal times after an exceptional period of hiring new employees.
The April JOLTS report is a sign the economy is coming back to a very good job market. It's just not the once-in-a-lifetime market of 2021 and 2022, says economics professor Ethan Struby of Carleton College.
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Small businesses have Now Hiring signs up — whether they need workers or not

by Justin Ho
Apr 2, 2024
So government stats on job openings may not be telling us much.
Frankesha Watkins, who owns a beauty supply store, said she always keeps a job listing posted because high turnover among her staff creates frequent openings.
Alexi Rosenfeld/Getty Images
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What does the Bureau of Labor Statistics mean by "little changed"?

by Meghan McCarty Carino
Jan 3, 2024
A more stable, less swingy labor market, as reflected in the latest JOLTS data, is usually good news.
After a period of volatility, the BLS has described trends in recent JOLTS reports as little changed, reflecting a return to pre-pandemic conditions in the labor market.
Mario Tama/Getty Images
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Job openings fell in July in a promising sign for soft landing

by Meghan McCarty Carino
Aug 29, 2023
Federal data also shows fewer people quit last month, bringing rates back in line with pre-pandemic levels.
Job openings decreased in July and were revised down for June.
Mario Tama/Getty Images
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The economic anthem of the moment depends on how you read the data

by Stephanie Hughes
Aug 1, 2023
Fewer workers are quitting their jobs and employers are hiring less. So are we in for "Wheel in the Sky" or "Bad Moon Rising"?
The song economist Sarah Wolfe uses to describe our current economic moment: Journey's "Wheel in the Sky."
Denise Truscello/Getty Images for iHeartMedia
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March jobs report shows more signs of cooling labor market

by Savannah Peters
May 2, 2023
The number of openings decreased for the third straight month in March, but it’s still historically high.
While there were still nearly 9.6 million job openings in March, that's the third straight month of decreases.
Justin Sullivan/Getty Images
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Job openings fall as the labor market slows

by Mitchell Hartman
Apr 5, 2023
Job openings fell by more than 1.3 million in January and February, according to fresh data, but are above pre-pandemic levels.
Employers added fewer jobs than expected in February, according to data from the Department of Labor, but openings remain above pre-pandemic levels.
Dean Mitchell/Getty Images
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Job openings fall in a possible sign of the elusive "soft landing"

by Sabri Ben-Achour
Apr 4, 2023
Fewer job openings in normal times might be not great news, but right now, it is — cautiously speaking — a good sign. 
Workers moving into jobs in hotels and restaurants could be a sign that the economy is rebalancing.
Jim Watson/AFP via Getty Images
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