LinkUp Forecast: January JOLTS report by the BLS

LinkUp’s JOLTS forecast for January is 8.89 million open jobs, a dip from the December JOLTS release. Our predicted 1.52% decline in job openings indicates some cooling of labor demand as the job market balances a full employment environment.

Each BLS survey report of monthly job openings and labor turnover is released a full month after-the-fact. Our job data consistently marks a strong correlation to the BLS numbers, with the significant advantage of a month’s lead time to the official release.

We’ll continue to monitor and report on the evolving state of the labor economy. In the meantime, for an in depth overview of the job market, key concepts and labor market metrics, check out our Jobs 101 blog series.