• Q3 2017 U.S. Employment Report

    Download free 175-page Jobenomics Comprehensive U.S. Labor Force & Employment Report Q3 2017 – 31 October 2017.  While highly-advertised statistics (e.g.,  stock market, official unemployment rate and consumer confidence index) suggest that the U.S. economy is booming, underlying small business, labor force and wage statistics are not doing nearly as well.   This dichotomy is discussed in two comprehensive Jobenomics reports published quarterly.  Both reports take a deep dive on economic, community, business and workforce statistics, characteristics, challenges and trends. This ...
  • Jobenomics Monthly Employment & GDP Report

    Executive Summary.  The Trump Administration’s bold economic and job creation vision (i.e., sustained 4% GDP growth and 25 million new jobs) is progressing as planned albeit with some bumps in the road.  As addressed in this analysis, recent employment and economic reports present a positive but mixed picture on President Trump’s progress during his first 10-months in office. On the bright side, 261,000 new jobs were created.  250,000 new jobs per month is the standard accepted by most economists to ...
  • Jobenomics Employment & GDP Report: 9 October 2017

    Executive Summary.  The Trump Administration’s bold economic and job creation vision (i.e., sustained 4% GDP growth and 25 million new jobs) is facing stiff headwinds from the opposition, Washington and even the weather (Hurricanes).  This vision is likely to fall short unless the Trump Administration places as much attention on small and micro-business creation and sustainment as it does on big business.  As addressed in this analysis, recent employment and economic reports present a mixed picture on President Trump’s progress ...
  • Jobenomics August 2017 Employment Report Analysis

    Executive Summary. The two primary sources for U.S. labor force data are the monthly U.S. Bureau of Labor Statistics (BLS) Employment Situation Summary, a monthly summary of all U.S. government and private sector employment, and the ADP National Employment Report, a monthly survey of employment by 400,000 U.S. private sector businesses by the ADP Research Institute in collaboration with Moody’s Analytics.  For August 2017, the BLS reported that total nonfarm payroll employment increased by only 156,000 in August, which is ...
  • Jobenomics July 2017 Employment Report Analysis

    Executive Summary. The two primary sources for U.S. labor force data are the monthly U.S. Bureau of Labor Statistics (BLS) Employment Situation Summary, a monthly summary of all U.S. government and private sector employment, and the ADP National Employment Report, a monthly survey of employment by 400,000 U.S. private sector businesses by the ADP Research Institute in collaboration with Moody’s Analytics. Jobenomics Analysis of the BLS Employment Situation Summary Report.  To get a strategic perspective of the state of the ...
  • Jobenomics Analysis of June 2017 U.S. Employment Reports

    Executive Summary: The two primary sources for U.S. labor force data are the monthly U.S. Bureau of Labor Statistics (BLS) Employment Situation Summary, a monthly summary of all U.S. government and private sector employment, and the ADP National Employment Report, a monthly survey of employment by 400,000 U.S. private sector businesses by the ADP Research Institute in collaboration with Moody’s Analytics. Recent U.S. Labor Force Gains and Losses (BLS Data) In regard to the working population, the BLS Employment Situation ...
  • Analysis of May 2017 U.S. Employment Reports

    Executive Summary:  May’s employment reports painted a mixed picture for the Trump Administration.   The U.S. Bureau of Labor Statistics (BLS) Employment Situation Summary stated in May 2017 the United States produced a total of 138,000 new jobs—a number well below the 250,000 new job standard advocated by most economists.  However, the ADP National Employment Report summary reported that the U.S. private sector created 253,000 new jobs of which 77.5% were generated by American small businesses.    In regard to the ...
  • Jobenomics U.S. Employment Analysis: 5 May 2017

    Executive Summary:  The U.S. Bureau of Labor Statistics (BLS) Employment Situation Summary stated that in April 2017 the United States produced 211,000 new jobs.  The ADP National Employment Report summary reported 177,000 new jobs.  Both numbers are below the 250,000 monthly new job threshold set by most economists.  In regard to unemployment situation, the BLS reported 146,000 less people “officially unemployed”, which was offset by 162,000 voluntary departures from the labor force to alternative lifestyles or public assistance.  Last month’s ...
  • Jobenomics U.S. Employment Analysis: 15 April 2017

    Jobenomics U.S. Employment Analysis: 15 April 2017 The two primary sources for U.S. labor force data are the monthly U.S. Bureau of Labor Statistics (BLS) Employment Situation Summary, a monthly summary of all U.S. government and private sector employment, and the ADP National Employment Report, a monthly survey of employment by 400,000 U.S. private sector businesses by the ADP Research Institute in collaboration with Moody’s Analytics.  The BLS’ March Situation Summary reported a disappointing 98,000 new jobs, which was less ...
  • Jobenomics U.S. Employment Analysis: March 2017

    Since President Trump took office, U.S. employment gains have been impressive—a very positive start for the new Administration.  The two primary sources for U.S. labor force data are the monthly U.S. Bureau of Labor Statistics (BLS) Employment Situation Summary and the ADP National Employment Report, which is a monthly survey of 400,000 U.S. businesses by the ADP Research Institute in close collaboration with Moody’s Analytics.  For January and February 2017, the BLS calculates labor force (government and private sector) gains of 238,000 ...
  • President Trump’s Old Economy Emphasis

    President Trump’s New Economy Challenge (Part 8 of 20).    Jobenomics deals with the economics of small business and job creation.  Consequently, having a businessman as president and a cabinet full of business executives is likely to be a big plus for businesses and the labor force.  For the most part, Jobenomics is pleased with the business orientation of the Trump Administration.  On the other hand, Jobenomics is perplexed by the lack of discussion, planning and policies regarding the revolution ...
  • The Nexus between Jobs and GDP

    President Trump’s New Economy Challenge (Part 3 of 20).   President Trump’s vision of a “dynamic and booming economy” is one that can produce a GDP growth rate of “4% over the next decade”.  President Trump’s Cabinet has many capable business and financial executives who can make his vision a reality.  This reality ultimately depends on mass-producing business, especially small business, creation in order to generate 25 million net new jobs.  Sclerotic (0% to 2%) or recessive (negative) GDP rates depreciate a ...
  • President Trump’s “Bringing Back Jobs and Growth” Vision

    President Trump’s New Economy Challenge (Part 2 of 20).   According the White House website,  “To get the economy back on track, President Trump has outlined a bold plan to create 25 million new American jobs in the next decade and return to 4 percent annual economic growth….that starts with pro-growth tax reform to help American workers and businesses keep more of their hard-earned dollars.”  While the business acumen of President Trump and his Cabinet gives Jobenomics a sense of optimism, Jobenomics ...
  • President Trump’s New Economy Challenge

    President Trump’s New Economy Challenge (Part 1 of 20).   President Trump has outlined a bold plan to create 25 million new American jobs in the next decade and return to 4 percent annual economic growth.  Since Jobenomics deals with the economics of business and job creation, the 20 million followers in the Jobenomics National Grassroots Movement enthusiastically support such a bold plan.  To make this plan a reality, the incoming Trump Administration will have to focus not only on the old ...
  • Jobenomics U.S. Employment Analysis: Q3 2016

    Jobenomics U.S. Employment Analysis: Q3 2016 By: Chuck Vollmer 19 November 2016 Jobenomics reports on U.S. unemployment and employment statistics, characteristics and trends.  This 140-page Jobenomics U.S. Employment Analysis: Q3 2016 report focuses on the employed and working population, U.S. labor force gains, economic growth, income opportunity, contingent workforce, education and training, workfare, and city and state initiatives.  The top three conclusions are: Near-term economic and employment outlook is positive. Mid-term economic and employment outlook is troublesome. Long-term challenges to ...
  • 2016 State of the U.S. Labor Force

    2016 State of the U.S. Labor Force By: Chuck Vollmer 11 January 2016 Download a copy of this report at:  2016 U.S. Labor Force State-of-the-Union 11 Jan 2015 Executive Summary.  To get a true picture of the 2016 state of the U.S. labor force, one must examine all three labor force categories reported by the U.S. Bureau of Labor Statistics (Employed, Unemployed and Not-in-Labor-Force) as opposed to focusing on the “official” Unemployed rate known as the U3 rate, which represents ...
  • Manufacturing Industry Forecast

    Executive Summary:  US manufacturing is not likely to employ significantly more Americans than it currently employs. Overview:  Manufacturing is a vital component of our economy.  Unfortunately, Americans have unrealistic expectations regarding the role of the manufacture sector in our economic recovery as well as jobs creation.  The American economy is dominated by service-providing industries that employ the 86% of all Americans. Manufacturing (part of the goods-producing sector) employs only 9%.  Correspondingly, American policy-makers and opinion-leaders do disservice to the American ...
  • Nation of Shopkeepers

    The epithet “Nation of Shopkeepers” was used by Napoleon to infer that a British merchant society was incapable of effectively waging war against the mighty nation of France.  Napoleon was wrong.   British merchants and industry provided the resources that enabled England, with half the population of France, to win the Napoleonic Wars. The phrase, “Nation of Shopkeepers”, did not originate with Napoleon. It first appeared in The Wealth of Nations by Adam Smith in 1776.   Smith believed that when individuals ...