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May 2015 JOLTS Predicts Slower Jobs Growth Rate
Tuesday, July 7, 2015 7:44
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Written by Steven Hansen
The BLS Job Openings and Labor Turnover Survey (JOLTS) can be used as a predictor of future jobs growth, and the predictive elements show that the year-over-year unadjusted private non-farm job opening growth rate declined significantly. The jobs growth rate predicted is about average for times of expansion. The problem with this data series is the backward revisions which makes real time analysis problematic.
Source: http://econintersect.com/pages/releases/release.php?post=201507070916
