Further to our data sets looking at U.S. macroeconomic performance in the past two presidential administrations, here is a chart showing public (not private) sector payroll jobs under several presidential administrations. What is so striking is the fact that only Obama has reduced the number of payroll jobs at the Federal government, with Reagan, Clinton, and Bush 43 expanding the …
Private sector nonfarm payroll growth under Obama
The data is being finalized and we can now compare job growth under the Obama administration with other American presidencies. Not captured here is the changing nature of work, the Uber-ization of labor, and the fewer jobs featuring health insurance benefits. But there has been clear recovery in the workforce since the crash of 2008.
Unemployed men without college at record levels in the United States
This trend in unemployed men between the age of 19 and 30 is a critical sign of change. Social and economic trends all over are being driven by this shift. Job growth in the United States has been very strong since the Great Recession. Still, this must be seen as a transformation more than simply a linear recovery. Despite record …
St. Louis startup scene is America’s hottest
The data journalists at FiveThirtyEight show that the St. Louis startup scene – alongside three other cities in Missouri – is actually the hottest in America right now, bucking the long slide of business startups since 1970. Why is St. Louis such a fertile field for new business? Real estate costs for workers and businesses is 25% less than the …
Russian GDP by quarter, 2013-2016
Looking at Russian GDP in recent years, it is clear why an autocratic dictator would be whipping up nationalism and aggressive behavior toward its neighbors.