Quarterly, Seasonally Adjusted
LFAC55MAG7Q647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
34,554,000.00
Year-over-Year Change
5.39%
Date Range
1/1/2005 - 4/1/2017
Summary
This quarterly, seasonally adjusted employment trend measures the number of job openings in the United States. It is a key indicator of labor market conditions and a critical data point 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 and Labor Turnover Survey (JOLTS) from the U.S. Bureau of Labor Statistics tracks the number of open positions across a range of industries. This data helps analysts understand hiring and quitting patterns, providing insights into labor market dynamics.
Methodology
The JOLTS survey collects monthly data from a sample of U.S. businesses on job openings, hires, and separations.
Historical Context
The job openings data is used by the Federal Reserve and other policymakers to assess the strength of the labor market and inform monetary and fiscal policy decisions.
Key Facts
- Quarterly, seasonally adjusted data series
- Tracks open positions across U.S. industries
- Key indicator of labor market strength
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of job openings in the United States on a quarterly, seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: The job openings data is a critical indicator of labor market conditions and hiring patterns, providing important insights for economists, policymakers, and labor market analysts.
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 data is closely monitored by the Federal Reserve and other policymakers to assess the strength of the labor market and inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The job openings data is released on a monthly basis with a lag of approximately two months.
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Citation
U.S. Federal Reserve, Job Openings (LFAC55MAG7Q647S), retrieved from FRED.