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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.
The Bureau of Labor Statistics (BLS) will release its monthly Current Employment Statistics (CES) and Current Population Survey (CPS) report for December 2022 on Friday, January 6th.
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.
Job creation was strongest in Education & Health Services, Professional & Business Services, and Leisure & Hospitality.
Geographic Solutions’ data is pointing to another month of solid job gains for October.
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.
How the Connecticut Department of Labor is paving the way for reemployment with the Jobs First Employment Services Program.
From trade schools and vocational programs to earn-while-you-learn opportunities, alternative pathways to well-paid occupations with long-term projected growth are plentiful.