The JOLTS report or Job Openings and Labor Turnover Survey is a report from the

Bureau of Labor Statistics The Bureau of Labor Statistics (BLS) is a unit of the United States Department of Labor. It is the principal fact-finding agency for the U.S. government in the broad field of labor economics and statistics and serves as a principal agency of t ...

measuring

Employment Employment is a relationship between two parties regulating the provision of paid labour services. Usually based on a contract, one party, the employer, which might be a corporation, a not-for-profit organization, a co-operative, or any othe ...

layoffs A layoff or downsizing is the temporary suspension or permanent termination of employment of an employee or, more commonly, a group of employees (collective layoff) for business reasons, such as personnel management or downsizing (reducing the ...

, job openings, and quits in the

United States economy The United States is a highly developed mixed-market economy and has the world's largest nominal GDP and net wealth. It has the second-largest by purchasing power parity (PPP) behind China. It has the world's seventh-highest per capita GDP ...

. The report is released monthly and usually a month after the jobs report for the same reference period. Job separations are broken down into three categories quits or voluntary resignations, layoffs or discharges, and other separations which include deaths and retirements. Job openings and the quits rate were at an all time high in 2021 and 2022 triggering the

Great Resignation The Great Resignation, also known as the Big Quit and the Great Reshuffle, is an ongoing economic trend in which employees have voluntarily resigned from their jobs ''en masse,'' beginning in early 2021 in the wake of the COVID-19 pandemic. Amon ...

References

{{reflist Federal Statistical System of the United States National statistical services Official statistics Statistical organizations in the United States Unemployment in the United States

See also

References