Insights and Perspectives

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%.

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

Job creation was strongest in the Education & Health Services and Government sectors.

Our staff economist, Phillip Sprehe, predicts an increase in jobs of 248,000 on June's labor market report from the Bureau of Labor Statistics.

Since 2019, Geographic Solutions' Apprenticeship Program has produced an 86% advancement rate.

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.

Geographic Solutions’ data is signaling a slight uptick in the number of new jobs, even though job additions are expected to slow over the next several months.

From creating images that have been the source of joy for many, to helping humans reach space, these influencers helped shape the tech industry

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.

Geographic Solutions’ data is signaling a slowdown in job gains for November.