Ahead of the Bell: Job Openings survey
The government on Tuesday will report on JOLTS, the Job Openings and Labor Turnover Survey, for May.
The JOLTs report measures gross job gains, compared with the monthly jobs reports which are net figures calculated after subtracting layoffs and quits.
In April, JOLTs showed that the number of available jobs in the United States fell to 3.4 million — the fewest in five months. Hiring has weakened sharply from the start of the year, and so have openings. With 12.5 million unemployed people in April, that meant 3.7 people, on average, were competing for each open job. In a healthy job market, the ratio is usually around 2 to 1.
On Friday, government data showed that the economy added only 80,000 jobs in June, erasing any doubt that the United States is in a summer slump for the third year in a row. It was the third consecutive month of weak job growth. From April through June, the economy produced an average of just 75,000 jobs a month, down from an average of 226,000 per month in January through March.
The unemployment rate remains at 8.2 percent — a recession-level figure, even though the Great Recession has technically been over for three years.
- Share Facebook Twitter
Article sent to (required)E-mail
Article sent from (required)E-mail Name
Subject Line (article title)
Message (optional)Success - Article sent Click to close
Interested in reusing this article?
Custom reprints are a powerful and strategic way to share your article with customers, employees and prospects.
The YGS Group provides digital and printed reprint services for Daily Herald. Complete the form to the right and a reprint consultant will contact you to discuss how you can reuse this article.Need more information about reprints? Visit our Reprints Section for more details.
Contact information ( * required )Name * Company Telephone * E-mail *
Article InformationTitle URL
Message (optional)Success - Reprint request sent Click to close