U.S. and Local Economy: An Update the Mobile Society for Human Resource Management June 12, 2015 Posted: semoonchang.com.

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U.S. and Local Economy: An Update the Mobile Society for Human Resource Management June 12, 2015 Posted: semoonchang.com

Impact of Economy on Human Resource Management  Recession: Keep employees and inventories to minimum  Growing economy Increase in hiring Increase in turnovers  What if future is uncertain?

Growth Rate of Real GDP (%) Lackluster recovery?

Projection of the U.S. Economy by the Federal Reserve in %

Public Debt  How much? $18,000,000,000,000 total ($60,000/person) $450,000,000,000 annual interest $1,500/per person per year  Long-term impact? What if no one is willing to lend Higher interest rates Slowing economy & loss of jobs Limit what gov’t can do during emergency (big recession or war)

Employed Persons January 2014 to April 2015

Rate of Unemployment Jan 2014 to April 2015: falling LFPR

Employment: Mobile County by Month

Penny Sales Tax Revenue by Month to Mobile County:

Mobile Co. Sales Tax Revenue by Month

Lodging Tax Revenue to Mobile County: 2005 to 2015

Mobile Co Lodging Tax Revenue by Month

#Homes Sold by Month: Mobile MLS

Average Days on the Market by Month: Mobile MLS

Selling Price: Mobile MLS Jan 2012 to April 2015

Employer Costs (W&S+Benefits) (Source: BLS: National Compensation Survey, quarterly; Latest Release: June 10, 2015; full report at YG-semoon)

Components of Fringe Benefits (Source: BLS: National Compensation Survey, quarterly)  Legally required: Social Security, Medicare, federal & state unemployment insurance, and workers' compensation.  Insurance: health, life, and short-term and long-term disability.  Supplemental pay: overtime, premium pay, shift differentials, and nonproduction bonuses.  Paid leave: vacation, holiday, sick, and personal leave.

Quality of Life in Graphs

MS Net Gaming Revenue 2014 by month (CC=$1.08B RC=$0.99B)

MS Net Gaming Revenue 2014 by month (State=$127.8M Local=$82.8M)

MS-GC Net Gaming Revenue by Month since Beginning to 2015

Some Sites  kins/internet-trends-v1 (2015 Internet trends) kins/internet-trends-v1  (for recruiting)  (employee communications & engagement)

By the way: Generations  Baby Boomers: born 1946 to 1964  X: born 1965 and 1977; perceived to be disaffected and directionless.  Y: People born in 1978 or later; known as Gen Y because they came after Gen X; called Baby Boom Echo or Millennials (relating to a span of thousand years?).

Millennials I of II  % of workforce 6% in % in 2015  Top 3 most valued work benefits Training & development Flexible working hours Cash bonus (next: free health insurance, etc)

Millennials II of II  Tech Savvy Prefer to collaborate online Use personal smartphones at work Use downloads for work purposes  Work values Not a team player Narcissistic  Excessive or erotic interest in oneself  Inflated idea of own importance

Global Competition: Internet Business (presentation in order)  Top five global public e-commerce companies (gross merchandise value in 2014): Alibaba/Taobao, Amazom.com, eBay, JD.com, and Rakuten  Top five smartphone shipment in 1Q 2015: Xiaomi, Apple, Huawei, Samsung, and Levono  Top 5 Mobile % of total I traffic: Nigeria, India, South Africa, Indonesia, and Poland

Valuable Source of Local Data: ALL FREE  Semoonchang.com – Just Click! Key data for Mobile (& Baldwin) Counties Contact information to semoon  Yahoo-Group for latest U.S. econ! Click: Search: semoon Click “Join” and follow instruction. You can remain anonymous and cancel your free membership anytime. Repeated in semoonchang.com!