4,051,000 jobs were filed in June, 2011, and over 3,100,000 jobs were open at the end of June, 2011!
Much better than you thought, right?
Welcome to JOLTS – monthly reports issued by the U.S. Department of Labor’s Bureau of Labor Statistics, every month.
JOLTS Reports? Yes, every month since January 2000, the Bureau of Labor Statistics analyzes the number of hires during a month and the number of jobs open at the end of the same month. The result is called the “Job Openings and Labor Turnover Survey” a.k.a. “JOLTS.”
The JOLTS survey covers all nonagricultural industries in the public and private sectors for the 50 States and the District of Columbia. JOLTS collects data on total employment, job openings, hires, quits, layoffs and discharges, and other separations
This provides some very interesting and encouraging, information about the job market. While we obsess and wring our hands every month over the high unemployment rate and the low number of new jobs created, JOLTS offers additional information that is a better indication of what job seekers are experiencing in the current job market.
The data is a couple of months old when released, while the statisticians at BLS do their analysis, but on the better-late-than-never theory, new information is released every month.
A couple of years ago, as the recession began, my friend (and every job seeker’s friend) Dick Bolles, author of the classic book What Color Is Your Parachute? introduced me to the US Department of Labor’s JOLTS reports. We should all follow Dick’s advice, and check it out. We’ll probably feel better as a result.