JOLTS report shows details of economic recovery

The unemployment rate—now 5.7%, compared to 10% in October 2009—is one measure of how well the economy is rebounding. But labor economists often note that the unemployment rate is something of a statistical blunt instrument that fails to capture the nuances of what’s really happening in the job market. Economists increasingly turn to the Bureau of Labor Statistics’ Job Opening and Labor Turnover Survey to spotlight the detail in the broader employment picture.