• State of the U.S. Economy January 2018

    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.  In December 2017, the Bureau of Labor Statistics reported that the U.S. labor force added 148,000 new jobs, which is below the 250,000 new job threshold advocated by most economists.  President Trump’s first 12-months in office averaged 171,000 per month, which is still below the threshold but significantly better than ...
  • Net Neutrality

    The Federal Trade Commission’s repeal of network neutrality is bad for small businesses and will hurt the Administration’s plan to produce 25 million new jobs and increasing GDP to a sustainable growth rate of 4% over the next ten years.   (Download this article that is part of the upcoming Jobenomics book on the emerging Digital Economy.) Net neutrality was implemented in 2015 to provide a level playing field for all internet users.  The fundamental concept was to stop internet service ...
  • Bitcoin Bubble

    The cryptocurrency market bubble is likely to burst causing Bitcoin and the other 1,354 traded cryptocurrencies to crash.  (Download this blog.) Bitcoin is a new kind of money.  It’s the first decentralized, unregulated, peer-to-peer, encrypted electronic currency not controlled by a single organization or government.  Bitcoin is designed to replace traditional institutions like commercial banks, financial regulators, and central banks via a “public ledger”.  Bitcoin, spelled with a capitated “B”, usually refers to the public ledger (i.e., database), whereas bitcoin ...
  • Jobenomics December 2017 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 11-months in office. Download free 13-page report. On the positive side of the economic and labor force ledger, the Bureau of Labor statistics reported that 228,000 ...
  • Q3 2017 U.S. Labor Force & Unemployment Report

    Download free 115-page Jobenomics Comprehensive U.S. Labor Force & Unemployment Report Q3 2017 – 31 October 2017.   While U.S. stock market, unemployment and consumer confidence statistics suggest that the U.S. economy is doing well, underlying economic, labor force and income/wage statistics present an entirely different picture.  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 115-page Jobenomics U.S. Labor Force & ...
  • 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 ...
  • Corporate Tax Cuts

    Tax reform is an American imperative, as our system outdated and is a major factor of sclerotic rates of economic growth that depresses GDP and erodes middle class wages. Since our highly-divided Congress cannot seem to cut spending ($500B to $1T annual deficits), tax reform’s top priority has to be on doubling annual GDP growth and creating 25 million new jobs per President’s Trump vision. The optics of today’s House and Senate bills are not good since the general public’s ...
  • 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 ...
  • Tax Reform

    Tax Reform is Trump’s signature initiative that underpins his bold vision of sustained 4% GDP growth and 25 million new jobs over the next ten years.  Jobenomics could not agree more with this vision.  On 2 November 2017, the Republican-controlled U.S. House of Representatives released their version of the “Tax Cuts and Jobs Act” that chops the corporate tax rate on small businesses that will empower the small business economic engine to accelerate GDP growth and job creation commensurate with ...
  • Puerto Rican Renewal

    Don’t only restore but renew Puerto Rico.  Enacted by Congress and approved by President Wilson in 1917, the Jones–Shafroth Act made Puerto Ricans United States citizens.  If the United States can invest trillions of dollars transforming war-torn countries decimated by man-made calamities, America can surely afford to renew Puerto Rico to give hope to its citizens ravaged by recent natural disasters.  Devastation caused by Hurricanes Irma and Maria provides the United States a unique opportunity to transform this territory (as ...
  • Gender Pay Gap

    The gender pay gap is a highly-charged political and social issue.  Unfortunately, few Americans fully understand the data behind gender income inequality.  While it is true that American men make more than women, the gap is narrowing.  In 2016, American women earned only 2.4% less, or 98 cents on every dollar, than men in similar jobs, according PayScale, a leading U.S. online compensation information company.[1]  This 2.4% figure is a far cry from the widely advertised 76% number by activists.  ...
  • 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 ...
  • Paris Climate Accord?

    In December 2015, the Obama Administration committed to the Paris Climate Accord to reduce toxic greenhouse gases and reduce “economy-wide” emissions by as much as 28% by 2025 via the implementation of ultra-clean renewable energy sources.  Unfortunately, this ambitious goal was “a bridge too far” given America’s inability to implement new renewable energy sources and willingness to retire traditional “dirty” sources of fuel.  In June 2017, the Trump Administration announced that the United States planned to withdraw from the Paris ...
  • Merit-Based DACA?

    Download complete article: Merit-Based DACA – 7 September 2017 The Deferred Action for Childhood Arrivals (DACA) program was established by an Executive Order from President Obama in June 2012 to protect children of illegal immigrants from being deported.  The program was deemed “unconstitutional” by Attorney General Jeff Sessions, and formally rescinded by the Trump administration in September 2017 with the caveat that implementation be delayed by six months to give Congress enough time to deal with the disposition of nearly 800,000 ...
  • 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 ...
  • Q2 2017 GDP Growth 2.6%

    Real gross domestic product (GDP) increased at an annual rate of 2.6% in the second quarter of 2017 (Q2 2017) according to the “advance” estimate released by the U.S. Bureau of Economic Analysis on 28 July 2017.   2.6% is a positive sign for the U.S. economy and a potential pivot point for President Trump’s bold plan to grow GDP to an annual rate of 4%, create 25 million new jobs and get the “American economy back on track”.  To ...
  • 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 ...
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