Read the latest from Geographic Solutions.
The Bureau of Labor Statistics (BLS) will release its monthly Current Employment Statistics (CES) and Current Population Survey (CPS) report for September 2022 on Friday, October 7th. Geographic Solutions, Inc. has produced forecasts of the two most closely watched macroeconomic data series from the report: the monthly change in employment and the monthly unemployment rate.
Geographic Solutions’ data is pointing to another month of solid job gains for September. As seen in the chart below, jobs are predicted to increase in September by 335,000. 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. The forecast uses unemployment claims data from the U.S. Department of Labor (USDOL).
Portrayed in the chart below is the 3.8% unemployment rate that Geographic Solutions forecasts for September, an uptick from its rate in August. The unemployment rate forecast uses internal data on the number of job openings, job searchers, and job severances on Geographic Solutions state client sites. The forecast uses unemployment claims data from the USDOL.
After the release of the report, Geographic Solutions will post a full analysis of the results.