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Derived from internal data on the number of job openings, job severances, and the number of applications for unemployment benefits filed on our state clients' sites, we predict job growth in July of 689,000
As many state governments moved to restrict eligibility for unemployment benefits in June, this month's report should provide a first look at the degree to which more generous benefits held back employment.
Job growth in April signaled the U.S. went through a hiccup in the recovery which should eventually return to the job increases of summer 2020.
Leisure and Hospitality, the most battered industry from Covid-19, created 331,000 jobs last month.
In advance of the Bureau of Labor Statistics' monthly jobs report, we're forecasting the monthly change in employment and unemployment rate.
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