Labor MarketMonthly

SPY & JOLTS Job Openings

The number of job openings on the last business day of the month from the Job Openings and Labor Turnover Survey.

SPY Price

$688.98

Job Openings

Last Data: Nov 2025
Last Release: 2026-01-07
Next Release: Feb 3, 2026
7.15M
-4.1% MoM

Year-over-Year Change

Last Data: Nov 2025
-11.0%

What It Measures

JOLTS (Job Openings and Labor Turnover Survey) measures the number of unfilled job positions across the U.S. economy. It also tracks hires, separations (quits, layoffs, discharges), and other labor market flows. A job opening is defined as a position that: - Is available and could be filled within 30 days - The employer is actively recruiting to fill

Why It Matters

**Labor Demand Indicator**: Job openings directly measure employer demand for workers. **Fed's Favorite**: The Federal Reserve closely monitors JOLTS data, particularly the ratio of job openings to unemployed workers. **Wage Pressure Signal**: More openings than available workers typically leads to wage inflation. **Quit Rate**: High quit rates suggest worker confidence in finding better opportunities.

Key Levels

Above 10 million openings
Extremely tight labor market
8-10 million openings
Tight labor market
6-8 million openings
Balanced labor market
Below 6 million openings
Weak labor demand

Data Sources

SPY: S&P 500 ETF daily OHLCV data (1993-02-02 to 2026-01-22)

Job Openings: JTSJOL - JOLTS Job Openings from U.S. Bureau of Labor Statistics

Units: Thousands, Seasonally Adjusted, Monthly