Good jobs data news on measure I’d not heard of: "JOLTS"
Reuters reports: Job Openings, Hires Show Rise in March
The number of job openings and new hires rose in March, the Labor Department said on Tuesday, a fresh sign that U.S. employment is strengthening.
Job openings rose 5.7 percent . . . in February . . . .
The monthly Job Openings and Labor Turnover Survey, or JOLTS, is more dated than many used to gauge the job market. But it has become a better measure since the department began to adjust the numbers for seasonal variations last month.
The Labor Department said the job openings rate rose to 2.3 percent from 2.2 percent in February. . . .
The rate of quits, a barometer of how easy it is for workers to change jobs, was unchanged at 1.7 percent in March. The report said the number of quits as a percentage of total separations has been on the rise since last December. . . .
The data are available at Web site http://www.bls.gov/jlt/ Read more
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