• 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 ...
  • President Trump’s First Budget

    Last week White House Office of Management and Budget Director Mick Mulvaney released President Trump’s FY2018 Budget Request, entitled “America First: A Budget Blueprint to Make America Great Again”. Perhaps the most striking theme of the Trump FY2018 Budget Request is that the Trump Administration will attempt limit national debt increase to only $3.2 trillion over 10-years as opposed to the $6.1 trillion increase planned by Obama Administration.  Moreover, President Trump wants to close the federal spending/receipts gap by dramatically ...
  • Trump Administration’s Minimum Wage Conundrum

    President Trump’s New Economy Challenge (Part 17 of 20).   Most people perceive that minimum wage laws apply mainly to the 4.7 million fast-food industry workers.  This perception understates the serious consequences of a universal minimum wage to all businesses, the labor force and the U.S. economy.  If a $15/hour minimum wage was implemented today nation-wide for all able-bodied Americans who can work, 159 million citizens would qualify for the minimum wage threshold according to U.S. Census Bureau wage and ...
  • Lawyer at Labor’s Helm

    President Trump’s New Economy Challenge (Part 14 of 20).   One might think that the U.S. Department of Labor (DoL) main purpose would be a forward-looking organization that positions the U.S. labor force for major disruptive trends like the emerging digital economy, the contingent workforce and the massive exodus of able-bodied workers.  Unfortunately, the opposite seems to be the case.  By its own admission, the DoL “fosters and promotes the welfare” of the America’s 140 million workers and enforces several hundred ...
  • President Trump’s Non-Standard Workforce

    President Trump’s New Economy Challenge (Part 7 of 20).   The Department of Labor Bureau of Labor Statistics (BLS) defines the contingent workforce as the portion of the labor force that has “nonstandard work arrangements” or those without “permanent jobs with a traditional employer-employee relationship.”  The ever growing non-standard contingent workforce will consist of over 50% of the U.S. labor force overcoming today’s standard full-time workforce during the next decade.  From a Jobenomics perspective, the contingent workforce issue should be the ...
  • President Trump’s Gig Workforce

    President Trump’s New Economy Challenge (Part 6 of 20).   The Trump/Pence Campaign website page entitled, “Donald J. President Trump’s Vision on Economy” listed fifteen key issues affecting the U.S. economy.  One major issue that was not listed is the Gig/Contingent Workforce Economy that is one of the largest and least understood elements of the U.S. economy.   Today, 40% of all American workers do not have “standard workforce agreements” and make their living on a combination of part-time (a gig) ...
  • Why Work Anymore?

    President Trump’s New Economy Challenge (Part 5 of 20).  Capable adults who are neither employed nor unemployed are not in the labor force.  Those who have no job and are no longer looking for a job are counted by the Department of Labor in the Not-in-Labor-Force category.  From January 2000 to January 2017, the Not-in-Labor-Force cadre grew from 68,655,000 to 95,102,000, an increase of 26.4 million citizens who more often than not become dependent on public/familial assistance.  Today, the number ...
  • President Trump’s Small Business Plan?

    President Trump’s New Economy Challenge (Part 4 of 20).    The only way that President Trump will be able to create 25 million new jobs over the next decade is to mass-produce startup (aka small) businesses.  President Trump’s proposed tax and regulatory reductions will provide a welcome relief to small business owners who employ 78% of all Americans and created 74% of all net new jobs this decade.  However, much more should be done to mass-produce, highly-scalable small businesses, promote small ...
  • 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 ...
  • News on Jobenomics Baltimore City’s Minority-Owned Business Plan

    Jobenomics: Baltimore City’s Minority-Owned Business Plan by: Rev. Dr. Alvin C. Hathaway Sr. Special to the AFRO November 30, 2016 Download This Article from Afro-American Newspaper  (the Afro-American newspaper is the is the leading news provider for African Americans in the Baltimore/Washington, D.C. Metropolitan area and the longest running African American, family-owned newspaper in the US.) Download Jobenomics Baltimore City Plan The Rev. Dr. Alvin C. Hathaway Sr. (Courtesy Photo) Baltimore has a long history of creating minority-owned businesses and ...
  • News on Jobenomics Baltimore

    ‘Jobenomics Baltimore City’ Seeks Restoration of Baltimore’s Labor Force by: Rev. Dr. Alvin Hathaway, Sr. Special to the AFRO / (Courtesy Photo) / November 26, 2016 Download This Article Earlier this year, the Jobenomics Baltimore City initiative, part of the Jobenomics National Grassroots Movement is trying to achieve with local communities, was contacted by West Baltimore community leaders in regard to developing a Jobenomics Baltimore small business and job creation plan. Based on statistical research, neighborhood tours and meetings with ...
  • 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 ...
  • Jobenomics U.S. Unemployment Analysis: Q3 2016

    Jobenomics U.S. Unemployment Analysis: Q3 2016 By: Chuck Vollmer 28 October 2016 Jobenomics reports on U.S. unemployment and employment statistics, characteristics and trends.  This 70-page Jobenomics U.S. Unemployment Analysis: Q3 2016 report focuses on the unemployed and underemployed, labor force losses, economic sustainability, income inequality, voluntary workforce departures and non-working population, welfare, and the small business creation solution.  The 140-page Jobenomics U.S. Employment Analysis: Q3 2016 report focuses on the employed and working population, U.S. labor force gains, economic growth, ...
  • Jobenomics Baltimore City

    Jobenomics Baltimore City By: Dr. Alvin C. Hathaway, Commissioner of the Maryland Governor’s Workforce Investment Board, and Chuck Vollmer, Jobenomics Founder and President 23 June 2016 Download complete presentation at: Jobenomics-Baltimore-City-White-Paper-13-September-2016 Jobenomics Baltimore City Presentation – 23 July 2016 Jobenomics is pleased to announce a partnership with leading community leaders, led by Dr. Al Hathaway, Commissioner of the Maryland Governor’s Workforce Investment Board.  Jobenomics Baltimore City’s goal is to restore the inner-city labor force by creating 100,000 net new jobs in Baltimore City ...
  • Jobenomics U.S. Unemployment Analysis: Q2 2016

    Jobenomics U.S. Unemployment Analysis: Q2 2016      By: Chuck Vollmer Contact information: cvollmer@jobenomics.com Download 50-page report at: Jobenomics U.S. Unemployment Analysis – Q2 2016 – 6 August 2016 6 August 2016 Jobenomics reports on U.S. unemployment and employment size, characteristics and trends.   This Analysis focuses on how the U.S. government reports on unemployment and income statistics, why Americans who can work chose not to work, and the impact of 109.8 million non-working able-bodied citizens are having on the U.S. ...
  • Jobenomics Community-Based Business Generators

     Jobenomics Community-Based Business Generators By: Chuck Vollmer 16 August 2016 Download PDF: Jobenomics Community-Based Business Generators – 16 August 2016 The way that government and big business can plan, manage and support small business and job creation is via community-based business incubators, business accelerators and business generators. Business incubators tend to focus high-tech, silver bullet innovations that have extraordinary growth and employment potential.   Business accelerators focus on expanding existing businesses in order to make them larger and more profitable.  The ...
  • Jobenomics City & State Initiatives

    Jobenomics City & State Initiatives By: Chuck Vollmer 26 November 2016 Download 25-page White Paper develop business and job creation initiatives to mass-produce small businesses and jobs.  Emphasis is placed on demographics with the greatest need and potential—women, minorities, youth and socioeconomically distressed citizens.  Jobenomics New York City, Delaware and Baltimore City initiatives are underway with other city (Harlem, Phoenix) and state (North Carolina, Southern Maryland) efforts in progress.  Jobenomics is also developing a fourth national-level initiative dealing with Rural/Agricultural business and ...
  • 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 ...
  • Jobenomics-New York City

    Jobenomics launches New York City initiative to create 1 million net new jobs in New York City over the next decade. This initiative is lead by Rev, Michel Faulkner, a former New York Jets NFL player, who started the Institute for Leadership in Harlem to identify and train potential small business startups in association with Jobenomics. Michel Faulkner is also a candidate for Mayor of New York and a former candidate for the U.S. Congress. (Faulkner for NYC Mayor Website ...
  • Stock Markets and The Fed

    Download PDF Version: Stock Market and The Fed 1 July 2013 1 July 2013 US stock market performance has been phenomenal since the depths of the Great Recession.  Since March 2009, all three major US indices (Dow Jones, S&P 500 and NASDAQ) have experienced a 4 ½ year bull market as shown below—up as high as 163%. The big questions facing economists, policy-makers, opinion-leaders and investors are whether (1) this bull market will continue, (2) can the stock markets operate ...
  • 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 ...