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GSI derives its employment forecast from internal data on job openings, job severances, and the number of applications for unemployment benefits filed on GSI state client sites
The results mark 11 months since the Covid-19 economic lockdown and signals that the labor market recovery is continuing to move sideways after healthy growth from May through October 2020. Strong growth should reassert itself as more Covid-19 vaccinations are administered later in 2021.
Geographic Solutions, Inc. (GSI), 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.
The Bureau of Labor Statistics (BLS) released its monthly Current Employment Statistics (CES) report and Current Population Survey (CPS) for November 2020 on Friday, December 4th. The results mark nine months since the Covid-19 economic lockdown and seven months since the labor market recovery began.
The Bureau of Labor Statistics (BLS) released its monthly Current Employment Statistics (CES) report and Current Population Survey (CPS) for October 2020 on Friday, November 6th.