• 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 ...