United States USD

United States JOLTs Job Quits

Info

History

Chart

Impact:

Low

Source: U.S. Bureau of Labor Statistics

Latest Release:

Date:

Surprise:

-0.106M

Actual:

3.194M

Forecast: 3.3M

Previous/Revision:

3.344M

Period: Apr

Next Release:

Date:

Period: May

What Does It Measure?

The JOLTs Job Quits report measures the number of employees voluntarily leaving their jobs over a specific period, providing insight into labor market dynamics, employee confidence, and job market fluidity. This indicator primarily focuses on turnover rates, labor demand, and workers' willingness to leave their current employment, which sheds light on overall job market health in the United States.

Frequency

The report is released monthly, with data typically published on the first business day of the month following the reporting period, reflecting the state of the job market from two months prior.

Why Do Traders Care?

Traders pay keen attention to the JOLTs Job Quits report because high quit rates can indicate strong labor demand, suggesting potential wage increases and economic growth, which are generally bullish for equities and currencies like the USD. Conversely, lower-than-expected quit rates may suggest a weaker job market, leading to bearish sentiment in stocks and currency markets as it may signal economic stagnation or uncertainty.

What Is It Derived From?

The report is derived from a survey conducted by the Bureau of Labor Statistics, which collects data from approximately 16,000 businesses across various sectors, spanning different regions of the United States. The calculation employs a diffusion index that emphasizes the number of quits as a share of total employment, reflecting the overall confidence and mobility of the workforce.

Description

The JOLTs Job Quits report is essential for understanding trends in employee turnover and satisfaction. While other labor indicators exist, this report is particularly valuable as it provides a forward-looking gauge of labor market conditions; a high level of quits often points to available employment opportunities and worker confidence, contrasting with traditional unemployment rates which are lagging indicators.

Additional Notes

This indicator serves as a leading economic measure, providing early signals of labor market strength or weakness that can influence future employment figures and wage growth. Compared to other labor market indicators like nonfarm payrolls and unemployment rates, JOLTs Job Quits tends to align closely with economic trends impacting regional and national forecasts.

Bullish or Bearish for Currency and Stocks

Higher than expected: Bullish for USD, Bullish for Stocks. Lower than expected: Bearish for USD, Bearish for Stocks.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number	Better than forecast for the currency (or previous revise better)
Red Number	Worse than forecast for the currency (or previous revise better)
Hawkish	Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish	Favors lower rates to boost growth, weakening the currency but lifting stocks.

Date	Actual	Forecast	Previous	Surprise
Jun 03, 2025	3.194M	3.3M	3.344M	-0.106M
Apr 29, 2025	3.332M	3.19M	3.25M	0.142M
Apr 01, 2025	3.195M	3.2M	3.256M	-0.005M
Mar 11, 2025	3.266M	3.21M	3.095M	0.056M
Feb 04, 2025	3.197M	3.1M	3.13M	0.097M
Jan 07, 2025	3.065M	3.31M	3.283M	-0.245M
Dec 03, 2024	3.326M	3M	3.098M	0.326M
Oct 29, 2024	3.071M	3M	3.178M	0.071M
Oct 01, 2024	3.084M	3.27M	3.243M	-0.186M
Sep 04, 2024	3.277M	3.1M	3.214M	0.177M
Jul 30, 2024	3.282M	3.45M	3.403M	-0.168M
Jul 02, 2024	3.459M	3.5M	3.452M	-0.041M
Jun 04, 2024	3.507M	3.2M	3.409M	0.307M
May 01, 2024	3.329M	3.5M	3.527M	-0.171M
Apr 02, 2024	3.484M	3.37M	3.446M	0.114M
Mar 06, 2024	3.385M	3.27M	3.439M	0.115M
Jan 30, 2024	3.392M	3.45M	3.524M	-0.058M
Jan 03, 2024	3.471M	3.61M	3.628M	-0.139M
Dec 05, 2023	3.628M	3.6M	3.646M	0.028M
Nov 01, 2023	3.661M	3.8M	3.663M	-0.139M
Oct 03, 2023	3.638M	3.4M	3.619M	0.238M
Aug 29, 2023	3.549M	3.6M	3.802M	-0.051M
Aug 01, 2023	3.772M	4M	4.067M	-0.228M
Jul 06, 2023	4.015M	3.71M	3.765M	0.305M
May 31, 2023	3.793M	3.79M	3.842M	0.003M
May 02, 2023	3.851M	4M	3.98M	-0.149M
Apr 04, 2023	4.024M	3.8M	3.878M	0.224M
Mar 08, 2023	3.884M	4M	4.091M	-0.116M
Feb 01, 2023	4.087M	4.19M	4.102M	-0.103M
Jan 04, 2023	4.173M	4.01M	4.047M	0.163M
Nov 30, 2022	4.026M	4.05M	4.06M	-0.024M
Nov 01, 2022	4.061M	4.13M	4.184M	-0.069M
Oct 04, 2022	4.158M	4.15M	4.058M	0.008M
Aug 30, 2022	4.179M	4.1M	4.253M	0.079M
Aug 02, 2022	4.237M	4.25M	4.274M	-0.013M
Jul 06, 2022	4.27M	4.3M	4.327M	-0.03M
Jun 01, 2022	4.424M	4.5M	4.449M	-0.076M
May 03, 2022	4.536M	4.36M	4.384M	0.176M
Mar 29, 2022	4.352M	4.3M	4.258M	0.052M
Mar 09, 2022	4.3M	4.2M	4.4M	0.1M
Feb 01, 2022	4.3M	4.5M	4.5M	-0.2M
Jan 04, 2022	4.5M	4.1M	4.2M	0.4M
Dec 08, 2021	4.2M	4.4M	4.362M	-0.2M