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The Job Openings and Labor Turnover Survey (JOLTS) reports the number of job openings on the last business day of the month. It serves as a measure of labor demand, showing how many positions employers are actively trying to fill. High job openings relative to the number of unemployed persons indicate a tight labor market, which can lead to wage inflation.
The Bureau of Labor Statistics surveys approximately 21,000 nonfarm business establishments to collect data on vacancies, hires, and separations.
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