With the release of January 2023 data on March 8, the Job Openings and Labor Turnover Survey (JOLTS) estimates have been revised to incorporate the annual updates to the Current Employment Statistics employment data and the JOLTS seasonal adjustment factors. Not seasonally adjusted data and seasonally adjusted data from January 2018 forward were subject to revision. Tables showing the revisions from 2018 through 2022 can be found using this link: https://www.bls.gov/jlt/revisiontables.htm.
Also effective with this release, JOLTS converted to the 2022 version of the North American Industry Classification System (NAICS), which had a minimal impact on the published JOLTS data series. For more information on the 2022 NAICS, visit www.census.gov/naics.
Also effective with this release, JOLTS published two new tables presenting annual average job openings levels and rates. (Annual estimates of levels and rates are published each year with January data.) In addition, JOLTS modified its method for calculating annual estimates for hires and separations rates. Annual rates are computed as annual averages, instead of annual totals, to make the estimates more helpful for data users and to be consistent with other Bureau of Labor Statistics programs. JOLTS also introduced several changes to the monthly news release tables beginning with this release.
Two tables displaying JOLTS data by size class were added to the news release: one for seasonally adjusted estimates and the other for not seasonally adjusted estimates. JOLTS also introduced over-the-month change columns for levels and rates to tables 1 through 6. To accommodate the new tables, tables starting with table 7 were renumbered.
Additional information about these changes, including the annual average calculation method, is available at www.bls.gov/jlt/jolts-2023-changes.htm.