Insights and Perspectives

The March Labor Market Report shows that job growth has slowed. Although fewer, the representation remained a solid expansion, with an increase in the labor force participation rate.

Geographic Solutions’ data is signaling another strong month in the number of new jobs in March.

Although the gains were smaller than the surprising 504,000 new jobs in January, the performance in February was still strong.

Geographic Solutions’ data is signaling a softening in the number of new jobs in February after an explosion of job growth in January.

Employment in the U.S. rose by 517,000 jobs, the largest gain since July last year.

Geographic Solutions’ data is signaling a slight uptick in the number of new jobs, even though job additions are expected to slow over the next several months.

Despite employment figures increasing to 223,000 in December, which is 20,000 over The Wall Street Journal's prediction, growth has been gradually weakening since October 2021.

The Bureau of Labor Statistics (BLS) will release its monthly Current Employment Statistics (CES) and Current Population Survey (CPS) report for December 2022 on Friday, January 6th.

Despite fluctuations among indicators pointing to a slower pace of job creation, initial estimates over the last three months have been remarkably locked in place with September reporting 263,000 initial new jobs, October reporting 261,000 initial new jobs, and November reporting 263,000 initial new jobs.

Job creation was strongest in Education & Health Services, Professional & Business Services, and Leisure & Hospitality.