Macro glossary
JOLTS (Job Openings and Labor Turnover Survey)
A monthly BLS survey measuring job openings, hires, quits, and layoffs.
Definition
The JOLTS quits rate — the share of employees voluntarily leaving — is a sensitive barometer of labor-market heat. A falling quits rate historically leads unemployment by 3-6 months and is one of the earliest labor-market signs of a cyclical turn.
Related indicators
JOLTS Quits Rate
Track the JOLTS quits rate — the best forward-looking labor market indicator. Falling quits signal w
Jobless Claims
Weekly initial jobless claims tracker. Rising claims above 300K sustained signal labor market weaken
Unemployment Rate
Track the U.S. unemployment rate. Rising unemployment above 0.5% from cycle lows triggers recession