+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

Here come JOLTS ...

Jan 10, 2017, 20:16 IST

A 'now hiring' sign is posted in front of a clothing store on September 27, 2012 in San Francisco, California.Justin Sullivan/Getty

The Job Openings and Labor Turnover Survey (JOLTS) for November will be released at 10 a.m. ET.

Advertisement

Economists forecast that job openings totaled 5.5 million, little changed from the 5.534 million reported for October, according to Bloomberg.

While the monthly jobs report provides a breakdown of employment, the JOLTS report into how many opportunities are available as well as the pace of layoffs and resignations.

In October, the quits rate was unchanged for a fifth straight month at 2.1%, staying near the highest level since the recession. A higher quits rate suggests that people have more options in the labor market or are confident in finding new jobs after they resign, and is one of the labor-market indicators that Federal Reserve Chair Janet Yellen has favored.

The December jobs report released on Friday showed that US wages rose at the fastest pace since mid-2009 as the economy added 175,000 nonfarm payrolls, fewer than expected.

Advertisement

More to come ...

NOW WATCH: These are the secretive 18-wheelers the US government uses to transport nukes on America's roads

Please enable Javascript to watch this video
Next Article