How Does JOLTS Affect Stocks & ETFs?

The Job Openings and Labor Turnover Survey provides data on job openings, hires, and separations (quits, layoffs, discharges). The job openings figure measures unfilled positions across the economy.

The Fed watches the ratio of job openings to unemployed workers as a measure of labor market tightness. A high ratio means workers have bargaining power, which can fuel wage inflation. The quits rate is considered a gauge of worker confidence.