Define: JOLTS

Business, Legal & Accounting Glossary

Definition: JOLTS



Advertisement



Full Definition of JOLTS


JOLTS is the Job Openings and Labor Turnover Survey produced by the U.S. Bureau of Labor Statistics. Although less well known than the so-called unemployment report, JOLTS provides useful information about the state of U.S. labor markets. Since its introduction in 2001-2002, JOLTS has helped economists and business planners gauge the availability of unfilled jobs. Specifically, based on a survey of about 16,000 non-agricultural establishments nationwide, the JOLTS estimates a job openings rate. JOLTS data includes employment for the pay period ending the 12th of each month and the number of job openings on the last business day of the month. Importantly, JOLTS includes information on hires, quits, layoffs and separations, and other discharges for the entire month. Thus JOLTS is useful for understanding business cycles and the nature of unemployment in the economy. JOLTS is issued in the first or second week of each month based on data for the month before last.


Advertisement




Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/jolts/
Modern Language Association (MLA):
JOLTS. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. April 05, 2020 https://payrollheaven.com/define/jolts/.
Chicago Manual of Style (CMS):
JOLTS. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/jolts/ (accessed: April 05, 2020).
American Psychological Association (APA):
JOLTS. PayrollHeaven.com. Retrieved April 05, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/jolts/

Definition Sources


Definitions for JOLTS are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 9th February, 2020