To promote the development and application of the liquid–gas jet pump (LGJP), the research status of its design theory, internal flow mechanism, structural optimization and practical application are reviewed. The development history of the LGJP is briefly reviewed, the latest research and application progress of the LGJP is introduced, and the pulse-type of LGJP, especially the centrifugal jet vacuum pump (CJVP), is emphatically discussed. The research and development direction of the LGJP is analyzed and proposed: CFD will be more deeply applied to the mechanism research and performance improvement of the LGJP; the diversity and heterogeneity of the fluid medium and its influence on the internal flow mechanism are the research highlights of the LGJP; it is urgent to study the gas–liquid two-phase flow and pumping mechanism inside the pulsed liquid–gas jet pump (PLGJP), especially the CJVP.