Read the latest from Geographic Solutions.
According to the monthly Current Employment Statistics (CES) report and Current Population Survey (CPS) from The Bureau of Labor Statistics (BLS), employment in the U.S. in November 2023 picked up to 199,000 additional jobs, while the unemployment rate declined to 3.7%.
Jobs are predicted to increase in November by 122,000 as we see slowing growth over the next six months.
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.
Jobs are predicted to increase in September by 153,000 as we foresee slowing job growth over the next six months.
Artificial intelligence stands to increase the need for workforce development.
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.