We define the bounded jump of $A$ by $A^{b}=\{x\in \omega \mid \exists i\leq x[\varphi_{i}\downarrow \wedge\Phi_{x}^{A\upharpoonright \!\!\!\upharpoonright \varphi_{i}}\downarrow ]\}$ and let $A^{nb}$ denote the $n$th bounded jump. We demonstrate several properties of the bounded jump, including the fact that it is strictly increasing and order-preserving on the bounded Turing degrees. We show that the bounded jump is related to the Ershov hierarchy. Indeed, for $n\geq2$ we have $X\leq_{bT}\emptyset ^{nb}\iff X$ is $\omega^{n}$-c.e. $\iff X\leq_{1}\emptyset ^{nb}$, extending the classical result that $X\leq_{bT}\emptyset '\iff (...) X$ is $\omega$-c.e. Finally, we prove that the analogue of Shoenfield inversion holds for the bounded jump on the bounded Turing degrees. That is, for every $X$ such that $\emptyset ^{b}\leq_{bT}X\leq_{bT}\emptyset ^{2b}$, there is a $Y\leq_{bT}\emptyset ^{b}$ such that $Y^{b}\equiv_{bT}X$. (shrink)