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Rate

JTU5300TSR • Economic Data from Federal Reserve Economic Data (FRED)

Latest Value

2.20

Year-over-Year Change

-15.38%

Date Range

12/1/2000 - 6/1/2025

Summary

The Job Openings and Labor Turnover Survey (JOLTS) 'Rate' measures the total number of job openings as a percentage of total employment. This key labor market indicator provides insights into hiring demand and the tightness of the labor market.

Analysis & Context

This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.

Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.

About This Dataset

The JOLTS 'Rate' tracks the percentage of total non-farm employment that is accounted for by job openings. It is an important barometer of labor demand, complementing other employment statistics like the unemployment rate.

Methodology

The data is collected through a monthly survey of business establishments by the U.S. Bureau of Labor Statistics.

Historical Context

The JOLTS 'Rate' is closely monitored by the Federal Reserve and other policymakers to assess the strength of the labor market and guide monetary and fiscal policy decisions.

Key Facts

  • The JOLTS 'Rate' reached a record high of 7.3% in March 2022.
  • Job openings have exceeded the number of unemployed workers since mid-2021.
  • The 'Rate' fell sharply during the COVID-19 recession but has since rebounded.

FAQs

Q: What does this economic trend measure?

A: The JOLTS 'Rate' measures the total number of job openings as a percentage of total non-farm employment. It provides a gauge of labor market tightness and hiring demand.

Q: Why is this trend relevant for users or analysts?

A: The JOLTS 'Rate' is a key indicator of labor market conditions and is closely watched by policymakers, economists, and businesses to assess the strength of the economy and guide decisions.

Q: How is this data collected or calculated?

A: The data is collected through a monthly survey of business establishments conducted by the U.S. Bureau of Labor Statistics.

Q: How is this trend used in economic policy?

A: The JOLTS 'Rate' is used by the Federal Reserve and other policymakers to evaluate the strength of the labor market and inform monetary and fiscal policy decisions.

Q: Are there update delays or limitations?

A: The JOLTS data is released with a 1-month lag, so the most recent figures may not reflect the latest labor market conditions.

Related Trends

Citation

U.S. Federal Reserve, Job Openings and Labor Turnover Survey (JTU5300TSR), retrieved from FRED.