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Here Comes The JOLTS Report ...

Myles UdlandJan 13, 2015, 20:10 IST

The latest job openings and labor turnover survey, or JOLTS report, is set for release at the top of the hour.

Expectations are for the report to show that job opening rose to 4.85 million in November, up from 4.834 million in October.

The JOLTS report is one of Fed Chair Janet Yellen's favorite labor market indicators and gives a good overview of how much slack exists in the labor market, showing the number of job openings and how many people are quitting their jobs, among other things.

The latest JOLTS report also follows the December NFIB small business optimism report, which again showed that indications from small business owners point to higher wages for American workers.

We'll be back with live coverage of the JOLTS report when it drops.