Other Separations: Professional and Business Services
Rate
JTU540099SR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.30
Year-over-Year Change
200.00%
Date Range
12/1/2000 - 6/1/2025
Summary
The Job Openings Rate measures the ratio of job openings to total employment. It provides insights into labor market dynamics and hiring trends, which are crucial indicators 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
The Job Openings Rate is a key labor market metric published by the U.S. Bureau of Labor Statistics. It tracks the percentage of filled and unfilled jobs relative to the total number of employed persons, offering valuable information about labor demand and recruitment activities.
Methodology
The data is collected through the Job Openings and Labor Turnover Survey (JOLTS), a monthly establishment survey conducted by the BLS.
Historical Context
This rate is widely used by the Federal Reserve and other economic analysts to assess the strength of the labor market and inform monetary and fiscal policy decisions.
Key Facts
- The Job Openings Rate reached a record high of 7.3% in March 2022.
- The rate typically declines during economic downturns and rises during periods of recovery.
- High job openings rates can signal labor shortages and wage pressures.
FAQs
Q: What does this economic trend measure?
A: The Job Openings Rate measures the ratio of job openings to total employment, providing insights into labor market dynamics and hiring trends.
Q: Why is this trend relevant for users or analysts?
A: The Job Openings Rate is a crucial indicator used by economists, policymakers, and market analysts to assess the strength of the labor market and inform economic decisions.
Q: How is this data collected or calculated?
A: The data is collected through the monthly Job Openings and Labor Turnover Survey (JOLTS) conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Job Openings Rate is widely used by the Federal Reserve and other economic institutions to evaluate labor market conditions and inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The Job Openings Rate data is published with a one-month lag, and the survey methodology may not capture all job openings, particularly in smaller establishments.
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Citation
U.S. Federal Reserve, Job Openings Rate (JTU540099SR), retrieved from FRED.