• 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 ...
  • 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 Erie

    For more information go to: JobenomicsErie.com Jobenomics Erie’s focus is on mass producing micro-businesses and jobs with emphasis on inner-city Erie minorities, veterans, women, new workforce entrants and other hopefuls who want a job, career and those who are entrepreneurial enough to start their own small or self-employed business. Over the next 5-years, Jobenomics Erie program goal is to create hundreds of micro-businesses that will produce 3,500 new direct jobs (not including indirect and induced jobs) with livable wages and ...
  • 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 ...
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