Insights and Perspectives

Insights and Perspectives


Read the latest from Geographic Solutions.

Steven Gustafson - An Ally for Veterans in the Community_BLOG.png

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.


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%.


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


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.

GSI Labor Market Forecast: September 2023

Jobs are predicted to increase in September by 153,000 as we foresee slowing job growth over the next six months.

As AI Increases, So Does the Need for Workforce Development Professionals

Artificial intelligence stands to increase the need for workforce development.

Job Growth Softens over the Summer

Employment noticeably softened during the summer, averaging only 150,000 new jobs per month from June through August after averaging 238,000 from March to May of this year.


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.