All in Economy

Jobs report: 'total' winners and losers

Jobs report: 'total' winners and losers

Tatiana Prophet
Economy

By TATIANA PROPHET

Aside from the obviously soaring stock market, Is the economy white hot?

When it comes to total jobs added, in his last year in office, Obama beat Trump in his first year in office -- by a slim margin -- at 2.2 million total payroll jobs added versus 2.1 million in 2017.

When it comes to growth in Gross Domestic Product, Trump's economy beats Obama's.

Clearly something is going on in manufacturing. Under Trump, the economy added 196,000 manufacturing jobs in 2017, while it lost 16,000 jobs in 2016.

Pirate's treasure: Apple and other companies are about to bring their loot home

Pirate's treasure: Apple and other companies are about to bring their loot home

Tatiana Prophet
Economy



U.S. corporations have kept money earned overseas outside of the country for decades, to avoid paying taxes twice: once to the country where they earned the revenue, and once to the country they call home.

As of April 2017, the total was an unprecedented amount: $2.6 trillion, with a T. That's also T for Tim, Tim Cook. The CEO of Apple, Inc, the largest holder of cash, has acknowledged the company is keeping $231 billion in cash overseas to avoid paying the 35 percent corporate tax rate.