Quits: Construction
Rate, Not Seasonally Adjusted
JTU2300QUR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.80
Year-over-Year Change
12.50%
Date Range
12/1/2000 - 6/1/2025
Summary
The 'Rate, Not Seasonally Adjusted' economic trend measures the ratio of job openings to total employment. It provides insight into labor market tightness and is a key indicator for economists and policymakers.
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
This series represents the job openings rate, which is the number of open jobs as a percentage of total employment. It offers a real-time gauge of labor market conditions and is used to assess hiring demand and the balance between labor supply and demand.
Methodology
The data is collected through the U.S. Job Openings and Labor Turnover Survey (JOLTS).
Historical Context
The job openings rate is closely monitored by the Federal Reserve and other policymakers to inform decisions on monetary policy and employment goals.
Key Facts
- The job openings rate reached a record high of 7.3% in March 2022.
- A high job openings rate indicates a tight labor market with strong hiring demand.
- The job openings rate is a leading indicator of future employment growth.
FAQs
Q: What does this economic trend measure?
A: The 'Rate, Not Seasonally Adjusted' trend measures the ratio of job openings to total employment, providing insight into labor market tightness.
Q: Why is this trend relevant for users or analysts?
A: The job openings rate is a key indicator used by economists and policymakers to assess hiring demand and the balance between labor supply and demand.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Job Openings and Labor Turnover Survey (JOLTS).
Q: How is this trend used in economic policy?
A: The job openings rate is closely monitored by the Federal Reserve and other policymakers to inform decisions on monetary policy and employment goals.
Q: Are there update delays or limitations?
A: The job openings rate data is released monthly with a typical lag of around one month.
Related Trends
Citation
U.S. Federal Reserve, Rate, Not Seasonally Adjusted (JTU2300QUR), retrieved from FRED.