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Here come JOLTS ...

Akin Oyedele   

Here come JOLTS ...
Stock Market2 min read

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Joe Raedle/Getty

The Bureau of Labor Statistics will release its monthly Job Openings and Labor Turnover Survey (the JOLTS report) at 10 a.m. ET.

Economists forecast that the number of job openings was little changed in September and near a record high, at 5.488 million, according to Bloomberg.

The report for August showed that the share of employees quitting their jobs compared to total separations from employers rose to a post-recession high.

The quits rate - the number of quits divided by the number of employees who worked or were paid for work - was 2.1%. And, the share of total quits in relation to voluntary and involuntary separations climbed to 60.2%, matching the post-recession high reached in December.

This rate attracted more attention after Federal Reserve Chair Janet Yellen endorsed it as a preferred metric of worker confidence in the jobs market.

More to come ...

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