• 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 ...
  • 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 ...
  • 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 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 ...