CPA Job Quality Index: Despite the federal government’s strong March 2024 Jobs Report released last Friday, the JQI shows the US labor market suffers from persistent structural issues.
Treasury Secretary Janet Yellen just spent the weekend in China, her second trip there in less than a year.
While the month-over-month goods deficit with China fell by around $3.7 billion, the deficit with Mexico rose by $2 billion over the same period.
Energy prices, food prices, and price spikes due to shortages were the dominant drivers of inflation.
Senators Brown, Vance, and Casey are right to sound the alarm on why Nippon’s acquisition of U.S. Steel poses a serious threat to American national and economic security.
Despite spending over $600 billion on prescription drugs, the number of drugs in shortage rose to a near-record total of 301 active medication shortages at the end of 2023.
The April Currency Misalignment Monitor shows that the dollar continues to be heavily overvalued and major Asian currencies remain undervalued.
Tariffs that began in 2018 have not destroyed the U.S. economy. The stock market did not crash. Tariffs weren’t the cause of inflation either. And many manufacturing industries from kitchen cabinets in Alabama to solar in Ohio are thriving because of them.
The legislative package will end tax breaks for Chinese stocks, restrict sanctioned Chinese companies’ access to U.S. capital markets, increase transparency on risks to American corporations, and reduce exposure to these risks for retail investors and other Americans saving for retirement.
How can U.S. industry, small and large, compete against countries with much weaker currencies, lower labor and environmental regulatory costs, and the overproduction and dumping that come from Asia?
