• 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 ...
  • 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 ...
  • 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    Tax reform is an American imperative, as our system outdated and is a major factor of sclerotic rates of economic growth that depresses GDP and erodes middle class wages.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 ...
  • 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 ...
  • 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 ...
  • Employment-Based Immigration

    President Trump’s New Economy Challenge (Part 20 of 20).  The United States attracts the best and brightest people from other countries to study, work, become citizens and start businesses.  In 2015, immigrant startup business entrepreneurs represent 27.5%, up from 12.5% in 1996.  From a Jobenomics standpoint, this is a powerful statistic considering the far-reaching contribution of foreign-born immigrants and their children to American economic growth and prosperity. According to a report by the Partnership for a New American Economy, immigrants ...
  • 2044 Minority-Majority Nation

    President Trump’s New Economy Challenge (Part 19 of 20).   President Trump’s Economic Plan estimates a 3.5% annual growth rate that will produce 25 million new jobs this decade.  To do so, the Trump Administration will need full support and engagement of America’s minorities to fulfill the President’s Urban Renewal Agenda.  Year 2011, marked the first year in U.S. history that minority births exceeded White births.  In 2015, over 50% of all U.S. children aged 5 years old were minorities.  By 2020, ...
  • The Urban Renewal Imperative

    President Trump’s Economic Plan estimates that the Trump Administration should be able to achieve a minimum of 3.5% annual growth that will produce 25 million new jobs this decade.  Since 81% percent of all Americans reside in urban communities, the key to achieving 25 million new jobs resides predominantly with the Department of Housing and Urban Development.  Ben Carson is therefore the key to success, especially in blighted communities.  Restoration and redevelopment of blighted inner-cities is of paramount importance to America ...
  • 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 ...
  • President Trump’s Income Opportunity Solution

    President Trump’s New Economy Challenge (Part 16 of 20).   As discussed in the previous article, the United States now has reached a point where only 14% (45 million) of Americans earn above average (mean) wages and 86% (274 million) of Americans report earnings below average or no wage at all.  No wonder why people are upset about income inequality.  The surest way to rectify U.S. wage and income inequalities is create income opportunities for willing souls who seek greater ...
  • President Trump’s Income Inequality Challenge

    President Trump’s New Economy Challenge (Part 15 of 20).  One of the significant challenges to President Trump, Labor Secretary Acosta and other members of the Trump Administration is dealing with the thorny issue of growing income inequality.  The influx of $17 trillion of federal stimuli and trillions of dollars’ worth foreign investment into the U.S. economy since the Great Recession has benefited the rich and decimated the middle class to a greater extent than most people realize.  The United States ...
  • 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 ...
  • Accelerating Workforce Automation

    President Trump’s New Economy Challenge (Part 13 of 20).  The Network Technology Revolution (NTR) is defined by Jobenomics as the “perfect storm” of next-generation network and digital technologies that will (1) transform economies, (2) revamp existing institutions, businesses, labor forces and governments, (3) institute new and different ideas, beliefs, behaviors and cultures, and (4) change the very nature of human endeavor and work.   While the NTR can create tens of millions of American jobs, it can also obsolete tens of ...
  • President Trump’s Biggest Chinese Fan

    President Trump’s New Economy Challenge (Part 11 of 20).   President Trump wants to create 25 million new jobs over 10 years.  He can’t do it himself.  The private sector has to step up.  So far, a handful of U.S. manufacturing companies have stepped up offering to re-shore or retain tens of thousands of American jobs.  One company really stands out among all others and it is not even a U.S. company.  Nor is it a manufacturing company.  It is ...
  • 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 ...
  • The Trump Administration’s Digital Elephant

    President Trump’s New Economy Challenge (Part 10 of 20). President Trump’s meetings with the likes of Amazon CEO Jeff Bezos, Apple CEO Tim Cook, Oracle CEO Safra Catz, Intel CEO Brian Krzanich, Tesla CEO Elon Musk, IBM CEO Ginni Rommety, Facebook COO Sheryl Sandberg, Microsoft CEO Satya Nadella, Alphabet (Google) CEO Larry Page, Cisco CEO Chuck Robbins, and Palantir CEO Alex Karp is a very positive first step to understanding the revolution in network and digital technologies that are giving ...
  • President Trump’s New Economy Plan?

    President Trump’s New Economy Challenge (Part 9 of 20).   President Trump is a big digital media fan as evidenced by his prolific use of Twitter and his 20 million Twitter followers.  However, the emerging digital economy has not been mentioned during his campaign or during his first several months in office.   Trump campaign’s economist estimates that the Trump economic plan would conservatively boost growth to 3.5% per year on average, well above the 2% currently projected by government forecasters, with ...
  • President Trump’s Old Economy Emphasis

    President Trump’s New Economy Challenge (Part 8 of 20).    Jobenomics deals with the economics of small business and job creation.  Consequently, having a businessman as president and a cabinet full of business executives is likely to be a big plus for businesses and the labor force.  For the most part, Jobenomics is pleased with the business orientation of the Trump Administration.  On the other hand, Jobenomics is perplexed by the lack of discussion, planning and policies regarding the revolution ...
  • 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 ...
  • 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 ...