Washington. The US added 4.8 million non-farm jobs in June as the economy bounced back from the depths of the COVID crisis. Combined with the 2.7 million jobs added in May, the economy has now added back 7.5 million jobs in two months. However, total June employment of 142.2 million is still 14.7 million jobs…
Editors note: Michele Nash-Hoff explains why we need an industrial strategy focusing on getting manufacturing back. So the 40 million unemployed have a chance it getting better jobs than the ones they left. Continuing my series on why manufacturing is important to America, the second reason is that wages and benefits for manufacturing jobs are approximately…
Job Quality Index and average wages improved—but for “wrong” reasons Washington. The latest monthly jobs report shows a surprising increase in U.S. non-farm payroll employment for May. Overall employment rose by 2.5 million jobs, with the unemployment rate declining to 13.3 percent. An evaluation of the data by researchers at the Coalition for a Prosperous…
20.5 million U.S. jobs lost in April Washington. Today’s jobs report shows a drastic collapse in overall U.S. employment. A record 20.5 million jobs were lost in April, propelling the nation’s unemployment rate up to 14.7 percent, a new post-World War II high. This morning’s “JQ-Instant” indicator, published by the Coalition for a Prosperous America…
Editor’s note: Despite multinationals saying USMCA entry into force should be delayed, USTR says it will happen on July 1. Washington, DC – U.S. Trade Representative Robert Lighthizer today notified Congress that Canada and Mexico have taken measures necessary to comply with their commitments under the United States–Mexico–Canada Agreement (USMCA), and that the Agreement will…
JQI Index declines 0.20 percent in March Washington. The monthly U.S. Jobs Quality Index(JQI) issued by the Coalition for a Prosperous America (CPA) and its partners dropped slightly to 79.27in March, down by 0.20 percent from its revised level one month earlier. The JQ-Instant™ preliminary read of the 713,000 decrease in all private sector, non-farm payrolls in March…
JQI Index declines 0.13 percent in February Washington. The monthly U.S. Jobs Quality Index (JQI) issued by the Coalition for a Prosperous America (CPA) and its partners dropped slightly to 79.41, down by 0.13 percent from its revised level one month earlier. This means new production and non-supervisory jobs are continuing to pay less than…
Job Quality Instant Report: Job Creation and Job Quality are up in November Total non-farm payroll employment rose by 266,000 jobs in November, substantially above the median market expectation of 185,000. Within the private sector, goods-producing employment (mining and logging, construction, and manufacturing) increased by 48,000 jobs, while the service-providing sector created 206,000 new jobs.…
Editor’s note: More tier one business press reporting on our Job Quality Index. For over 100 consecutive months, the United States government has reported that the economy has produced 50-year highs in employment and record lows in unemployment. [Jack Kelly | November 25, 2019 | Forbes] The data from the Department of Labor (DOL) suggests…
Editor’s note: Our Job Quality Index is picked up in Nevada as commentators start to think about how job growth can happen without improving the economy. Perhaps it can help local regions turn away from creating service sector jobs in economic planning. Politicians love to cite a falling unemployment rate as evidence of the wisdom…
