Understanding the Job Openings and Labor Turnover Survey (JOLTS)
The Job Openings and Labor Turnover Survey (JOLTS) is a monthly report conducted by the U.S. Bureau of Labor Statistics, providing data on job vacancies, hiring, and job separations. It is an important gauge of labor demand and turnover, and has been closely scrutinized, particularly in relation to the 'Great Resignation.' JOLTS data is crucial for understanding the labor market and the overall U.S. economy.
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