One of the indicators that economists monitor is consumer confidence, the degree of optimism consumers feel about the health of the economy. To get a pulse on worker confidence, meanwhile, it’s worth keeping an eye on labor market churn—the job-to-job movement that typically happens at a faster rate when jobs are plentiful and workers are […]
New data from JOLTS, released this week from the Bureau of Labor Statistics, offers some good (and not-so-good) news about the economy.
Real-time data gives a glimpse into current trends based primarily on recent want ads and a database of résumés. Traditional data, on the other hand, includes past trends and projections on hundreds of standardized industries and occupations, all of which have been collected for decades.