Description
The United States JOLTS Quits 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 employees who voluntarily leave their jobs within a specific period and is often used to assess labor market fluidity and employee confidence. Generally, higher quit numbers indicate increased worker confidence in finding new employment, potentially signaling a vibrant labor market and economic growth. Conversely, lower quit numbers may suggest increased economic uncertainty or a greater emphasis on job security among workers.
The JOLTS Quits data 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 quitting situation of the previous month and is typically published alongside data on job openings and hires.