Insights and Perspective

 

Insights and Perspective

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Read the latest from Geographic Solutions.

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Leisure & Hospitality employment continues to grow but remains the only sector still below its pre-pandemic employment level. The labor market has been running hot for several months; but it is uncertain when increasing wage gains are going to have a dampening effect on employment.

Job Creation Maintains Healthy Expansion in March

March employment continued its record streak of growing by more than 400,000 jobs per month since May 2021. At this pace jobs should return to their February 2020 total in four months.

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The January employment figures along with the revisions in December and November portray a labor market that is healthier than thought on first examination.

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A welcome change from the previous two months, the expected job growth acceleration was somewhat higher than forecast by multiple outlets.

September 2021 Job Growth Hampered by Education

U.S. employment rose by 194,000 jobs in September while the unemployment rate dropped to 4.8%.

July 2021 Job Growth Accelerates before Covid-19 Variant Takes Hold

While the results are impressive, hurdles lie ahead with the Covid-19 variant leading some states and localities to reinstate some restrictions on activity.

GSI Labor Market Forecast: April 2021

Our April Employment Forecast projects accelerated job growth in the coming months as vaccines are distributed to a greater percentage of the population.

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March labor market report shows that we have entered a new phase in the recovery that returns to the job increases of summer 2020.