JOLTS report shows job openings at 7.6M vs. 7.3M estimate

JOLTS report shows job openings at 7.6M vs. 7.3M estimate

15th March 20190Byadmin

Job vacancies jumped to a fresh high of 7.6 million in January as employers continue to seek qualified applicants to fill positions, the Bureau of Labor Statistics reported Friday.

The Job Openings and Labor Turnover Survey, which measures the level of employment vacancies as well as how many workers left their jobs and the reasons for the separations, has been indicating a continued swell of employment opportunities.

The January survey was expected to show 7.31 million openings against December’s 7.34 million.

The JOLTS report is watched closely inside the halls of government.

Gary Cohn, the former director of the National Economic Council, called JOLTS, “the one report that everyone in Washington, the geek world, sort of hangs on.” He made the remarks in an interview with Freakonomics radio.

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