Insights and Perspectives

Insights and Perspectives

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Read the latest from Geographic Solutions.


Michele Lewicki
Michele Lewicki
Michele Lewicki's Blog
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This Veterans Day, we’re excited to share a spotlight profile and interview on CareerSource Palm Beach County’s Vice President and Chief Operating Officer, Steven Gustafson.

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In October 2023, the Bureau of Labor Statistics stated that employment in the U.S. slowed to 150,000 additional jobs, while the unemployment rate ticked up to 3.9%.

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Geographic Solutions' Economist, Phillip Sprehe, predicts jobs to increase in October by 226,000.

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Employment was quite a bit stronger over the last three months than originally estimated. Revisions in July and August added 119,000 more jobs than reported last month.

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According to our staff economist, Phillip Sprehe, jobs are predicted to increase by 180,000 in August.

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Employment in the U.S. rose by 187,000 jobs, while the unemployment rate fell to 3.5%. The Geographic Solutions forecast matched the 3.5% result and outperformed the WSJ estimate of 3.6%.

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A 244,000 jobs increase, as well as a 3.5% unemployment rate, is predicted for July 2023.

March 2023 - Monthly GSI Labor Market Report

The March Labor Market Report shows that job growth has slowed. Although fewer, the representation remained a solid expansion, with an increase in the labor force participation rate.