Insights and Perspectives

Insights and Perspectives

rss

Read the latest from Geographic Solutions.

May 2023 Labor Market Report and Commentary

Employment in the U.S. rose by 339,000 jobs. May’s unexpectedly strong results are compounded by the upward revisions in March and April that totaled 93,000 more jobs than reported last month.

April2023-Jobs-Report_BLOG-Email.jpg

April’s unexpectedly strong results are the second disruption to the slowing trend we have seen in hiring, since July 2022.

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.

February2023-Jobs-Report_BLOG.jpg

Although the gains were smaller than the surprising 504,000 new jobs in January, the performance in February was still strong.

The Labor Market Erupts to Start off 2023

Employment in the U.S. rose by 517,000 jobs, the largest gain since July last year.

Jobs-Report-Monthly-December22_BLOG1.jpg

Despite employment figures increasing to 223,000 in December, which is 20,000 over The Wall Street Journal's prediction, growth has been gradually weakening since October 2021.

Initial Job Estimates Locked at 260K in Previous Three Months

Despite fluctuations among indicators pointing to a slower pace of job creation, initial estimates over the last three months have been remarkably locked in place with September reporting 263,000 initial new jobs, October reporting 261,000 initial new jobs, and November reporting 263,000 initial new jobs.

Job Creation Maintains Healthy Expansion in October

Job creation was strongest in Education & Health Services, Professional & Business Services, and Leisure & Hospitality.

GSI Labor Market Report: September 2022

Geographic Solutions derives its employment forecast from internal data on the number of job searchers, job applications, job severances, and applications for unemployment benefits filed on Geographic Solutions state client sites.

Job Creation Maintains Healthy Expansion in May

The Bureau of Labor Statistics (BLS) released its monthly Current Employment Statistics (CES) report and Current Population Survey (CPS) for May 2022 on Friday, June 3rd.