But China goods trade deficit sets yet another new record Washington. The Coalition for a Prosperous America (CPA) praised the latest monthly jobs report, which shows that the US economy continues to grow strongly and create jobs. However, a September trade deficit running 21 percent worse than a year ago means urgent action is required on the…
Editor’s note: The US needs an industrial strategy. Our fear of picking winners is not shared by East Asia or Germany. Many U.S. firms have long had a simple mantra: “Invent here, manufacture there.” But, increasingly, those same companies are now choosing to invent as well as manufacture abroad. From automotive to semiconductors to pharma to clean energy, America’s innovation centers have…
By Jeff Ferry, CPA Research Director Manufacturing employment in the US has now shown year-on-year growth of more than 250,000 employees for six consecutive months, the largest and most sustained manufacturing job growth we’ve seen since 1998. Manufacturing employment may finally be on the path to a real recovery from the severe downturn that began…
Widening Trade Deficit Contrasts with Strong Jobs Picture, as China Trade Deficit Sets Another Record The federal government’s employment report for October showed the US economy continues to perform strongly, with job growth of 250,000 in the month, including 32,000 added manufacturing jobs. Unemployment continues to be low and the labor force participation rate…