2017 Economic Calendar
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Released On 10/11/2017 10:00:00 AM For Aug, 2017
PriorPrior RevisedConsensusConsensus RangeActual
Job Openings6.170 M6.140 M6.160 M6.000 M to 6.200 M6.082 M

Job openings held steady at a very abundant 6.082 million in August while hirings remained far behind, at 5.430 million. In an early indication of full employment, the gap between openings and hiring first opened up about 2-1/2 years ago signaling that employers are either not willing to offer high enough pay to fill empty positions and/or are having a hard time finding people with the right skills. At 652,000, the current spread between openings and hirings is one of the very widest on record.

For comparison, the number of job seekers who are out actively pounding the pavement is 6.911 million which is very near the total number of available openings. Today's results offer further evidence that the economy is at full employment and will likely add urgency for further Federal Reserve rate hikes.

Consensus Outlook
Tight conditions in the labor market are the signals from the labor market's 4.2 percent unemployment rate and are consistent with the JOLTS report. Job openings in the report rose to 6.170 million in July and were far ahead of hirings at 5.501 million. This separation indicates that employers are having a hard time filling slots. Econoday's consensus for August job openings is a steady reading at 6.160 million.

The Labor Department's JOLTS report tracks monthly change in job openings and offers rates on hiring and quits. The reporting period lags other employment data including the employment situation report. The word JOLTS stands for Job Openings and Labor Turnover Survey.  Why Investors Care
The Job Openings and Labor Turnover Survey provides a different angle to labor market conditions. The key numbers are job openings, hires, and total separations.
Data Source: Haver Analytics

2017 Release Schedule
Released On: 1/102/73/164/115/96/67/118/89/1210/1111/712/11
Release For: NovDecJanFebMarAprMayJunJulAugSepOct

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