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.

GSI Labor Market Forecast: April 2022

Geographic Solutions’ data is pointing to another strong month of job growth in April.

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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Geographic Solutions' resident economist offers his forecast for the upcoming March 2022 labor market report.

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Geographic Solutions' resident economist offers his forecast for the upcoming February 2022 labor market report.

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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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Geographic Solutions' resident economist offers his forecast for the upcoming January 2022 labor market report.

Business and Household Surveys Continue to Diverge in December

Different performances between surveys as of late may be revealing how the U.S. labor force is shifting during the pandemic recovery.

November 2021 Labor Market Report Shows Divergence in Business and Household Surveys

November's labor market report reveals that U.S. employment rose by 210,000 jobs, which marks a slowdown from the 546,000 created in October.

GSI Labor Market Forecast: November 2021

The better-than-expected jobs report in October as well as large upward revisions in August and September are signs of optimism heading into the report release for November

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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.

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While there is still some uncertainty in October's jobs report, encouraging signs such as a decline in the seven-day average of new daily Covid-19 cases should lead to an improved outlook.

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%.

August 2021 Job Growth Weakened by Covid-19 Delta Variant

August's results are disappointing and appear to be chiefly driven by the spread of the Covid-19 delta variant.

GSI Labor Market Forecast: August 2021

The August jobs report may be dampened by two factors, one of which is the fast-spreading delta variant.

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.

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The June labor market report will come as a relief to many after earlier lackluster growth, yet the U.S. employment level remains below its February 2020 total. Job creation was most pronounced in Leisure & Hospitality even as restaurants and hotels struggle to fill job openings.

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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.

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While strong job growth in March indicated the job market was about to take off, the last two months have had disappointing outcomes.

GSI Labor Market Forecast: May 2021

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.

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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.

GSI Labor Market Forecast: March 2021

In advance of the Bureau of Labor Statistics' monthly jobs report, we're forecasting the monthly change in employment and unemployment rate.

Encouraging Signs for Leisure and Hospitality Sector in February Jobs Report

Job market gains came from a strong performance in the Leisure & Hospitality sector in February that totaled 355,000 new jobs, an encouraging sign for the most beleaguered sector since the onset of the pandemic.