HERE COMES THE JOLTS REPORT...

Economists expect job opening climbed to 4.015 million in January, up from the prior print of 3.990 million.

The Bureau of Labor Statistics' "JOLTS Report" may not be as market moving as monthly nonfarm payrolls, but it does gives key insights into the labor market on hires, quits, layoffs, and job openings.

In fact, the Federal Reserve's new chair Janet Yellen has cited JOLTS as one of her favorite reports. As the unemployment rate edges toward the Fed's targets over the next few years, JOLTS could possibly play a larger role when the central bank determines interest rate policy.

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