Hires - Nonfarm
Returns total nonfarm hires (new employees hired) in thousands from the Job Openings and Labor Turnover Survey (JOLTS).
Data Details
| Attribute | Value |
|---|---|
| Source | Bureau of Labor Statistics (BLS) JOLTS / FRED |
| Frequency | Monthly |
| Unit | Thousands of hires |
| Coverage | Total nonfarm |
Notes
- Measures the number of new hires during the month
- Part of the JOLTS report which includes job openings, hires, separations
- Compare with
JobOpenings()to assess labor market tightness
Examples
=Hires()=Hires()*1000=Hires()/EmployeesNonfarm()*100=JobOpenings()/Hires()When to Use
- Analyzing labor market dynamics
- Tracking hiring trends
- Assessing labor market tightness
- Economic research on employment
When NOT to Use
| Scenario | Use Instead |
|---|---|
| Need job openings | JobOpenings() |
| Need layoffs data | LayoffsDischarges() |
| Need unemployment claims | InitialCliams() |
| Need total employment | EmployeesNonfarm() |
Common Issues & FAQ
Q: What unit is the result in? A: Thousands of hires.
Q: What is JOLTS? A: Job Openings and Labor Turnover Survey, a monthly survey by the Bureau of Labor Statistics.
Q: Does this include farm employment? A: No, this is nonfarm hires only.
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