Read the latest from Geographic Solutions.
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.
August's results are disappointing and appear to be chiefly driven by the spread of the Covid-19 delta variant.
The August jobs report may be dampened by two factors, one of which is the fast-spreading delta variant.
While the results are impressive, hurdles lie ahead with the Covid-19 variant leading some states and localities to reinstate some restrictions on activity.
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
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.
Leisure and Hospitality, the most battered industry from Covid-19, created 331,000 jobs last month.
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
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.