JOLTS Job Openings Top Forecast in April

It may not be the headline number economists and investors key on in the first part of the month, but job openings appear to be on the rise south of the border.

Job openings under the JOLTS banner cleared 7.488 million during April, exceeding the 7.426 million projected by experts, and topping March's figure of 7.142 million.

JOLTS data is a measure of the deficit or excess supply of labor at the national level. Before the appearance of this report, there were no indicators of unmet demand for labor in the U.S.

The indicator is included in the U.S. JOLTS (Job Openings and Labor Turnover Survey) report based on employers' survey. In the questionnaire, employers characterize employment in their companies, the number of open vacancies, hiring and firing. These data are processed and included in the report, which is published monthly, including separate data on different regions and industries.

The survey sample includes about 16,000 US companies from all 50 states and the District of Columbia. They represent most sectors of the American economy, such as retailing, industry, construction, mining, transportation, IT, financial services, education, medicine, etc.