Description
The United States JOLTS Hires data is derived from the Job Openings and Labor Turnover Survey (JOLTS) and is released by the Bureau of Labor Statistics (BLS). This indicator reflects the total number of new employees hired in the U.S. labor market during a specific period and is often used to assess the hiring activity of businesses and the overall health of the economy. Generally, higher hires indicate increased demand for labor by businesses, potentially signaling economic expansion, while lower hires may suggest weakening demand or a slowdown in economic growth.
The data on hires covers all businesses across all states in the U.S., from small enterprises to large corporations, and includes all non-farm industries, such as manufacturing, services, and finance.
This data is released monthly, providing insights into the hiring situation of the previous month and is typically published alongside data on job openings and quit rates.