Read the latest from Geographic Solutions.
According to our staff economist, Phillip Sprehe, jobs are predicted to increase by 180,000 in August.
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.
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.
Geographic Solutions' Economist is predicting a continuation of the downward trend in the number of new jobs this month.
April’s unexpectedly strong results are the second disruption to the slowing trend we have seen in hiring, since July 2022.
Geographic Solutions’ data is signaling further softening in the number of new jobs in April.
Geographic Solutions’ data is signaling another strong month in the number of new jobs in March.