The US economy gained nearly 1.4 million jobs in August, making it the fourth month in a row of over 1 million jobs added. The unemployment rate dropped to 8.4% as lockdown pressures are starting to wear off and the economy bounces back towards normal levels of output. The Private Sector Job Quality Index (JQI)…
Necessary response to coronavirus disruption of pharmaceutical supply chain Washington. The Coalition for a Prosperous America (CPA) strongly praised the Trump administration for issuing an executive order to end U.S. reliance on China for key medicines. CPA has long urged a reduced dependence on China for sectors critical to national security, including military hardware, wireless…
Presses USTR Lighthizer to pursue broad reset of tariffs at WTO Washington. The Coalition for a Prosperous America (CPA) today sent a letter to U.S. Trade Representative Robert Lighthizer supporting a substantial renegotiation of bound tariffs set at the World Trade Organization (WTO). Specifically, CPA is urging Lighthizer to begin a GATT Article XXVIII process…
The AFL-CIO, USW, and 19 other groups released a joint statement on bringing PPE manufacturing back to the States. On July 20, a coalition of 21 groups asked the U.S. government to support efforts to invest in domestic production of PPE, or personal protection equipment. The coalition included several manufacturing trade groups and unions, including…
CPA’s note: Jeff Ferry is Chief Economist at the Coalition for a Prosperous America, a bipartisan coalition of business, labor, and farmers focused on restoring US prosperity. Follow him at @menloferry. President Trump is running behind his Democratic challenger in the polls. However, past polling has been badly wrong — we need only look as far…
Editor’s Note: Michael Stumo is CEO of the Coalition for a Prosperous America (CPA). Follow him on Twitter @michael_stumo. It’s not a stretch to say that President Trump has been a fervent champion of economic nationalism or that he’s actively confronted China’s predatory trade practices. As president, Trump has imposed 25 percent tariffs on a broad…
Editor’s Note: Jeff Ferry is chief economist at the Coalition for a Prosperous America (CPA). Follow him @Menloferry Currently, there are only two non-Chinese wireless network vendors, Nokia and Ericsson. [Jeff Ferry | July 2, 2020 | Industry Week] In the global competition for wireless networks, Chinese tech firm Huawei is now the world’s leader. The…
Editor’s Note: Bill Parks sits on the CPA board of directors and is the founder of NRS Inc., an Idaho-based sporting goods manufacturer. Americans are undoubtedly frustrated with the double standard enjoyed by large multinational corporations. [Bill Parks | July 6, 2020 | InsideSources] Each year, these massive companies earn billions of dollars in profit from…
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…
Editor’s Note: Michael Stumo is CEO of the Coalition for a Prosperous America (CPA). Follow him at @michael_stumo U.S. investors recently learned a hard lesson about Luckin Coffee, a strong rival to Starbucks in China. The company admitted that much of its 2019 sales had been fabricated. Luckin’s stock, which is listed on the Nasdaq, had…
