Job openings rise more than expected

pulse

March 16, 2017 1:41 PM

The latest report from the Job Openings and Labor Turnover Survey (JOLTS).

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Job openings in the US rose more than expected in January, according to the Job Openings and Labor Turnover Survey (JOLTS) released on Thursday.

Economists estimated 5.562 million openings, according to the Bloomberg consensus.

Notably, although the word "quit" often comes with a slew of negative connotations, a higher quits rate actually sends a message about rising worker confidence in the labor market.

The thinking here is that during good economic times, people feel comfortable quitting a job because they believe they can find another quickly or because they have already found another one. On the flip side, when there are layoffs during economic downturns, few feel comfortable leaving their jobs.

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