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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.
In September, we predict job growth of 461,000 jobs.
The August jobs report may be dampened by two factors, one of which is the fast-spreading delta variant.
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.
Our April Employment Forecast projects accelerated job growth in the coming months as vaccines are distributed to a greater percentage of the population.
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