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…
Washington. The following statement can be attributed to Michael Stumo, CEO of the Coalition for a Prosperous America. “CPA is very disappointed with Speaker Pelosi’s actions to prevent a vote on WTO withdrawal today. The WTO agreement voted upon by Congress in 1994 provided for a guaranteed vote every five years in the House and the…
Washington. The Coalition for a Prosperous America (CPA) today praised a new Senate resolution calling on Americans to buy domestically produced goods. The bipartisan resolution, introduced by Sens. Rick Scott (R-FL) and Tammy Baldwin (D-WI), urges support for U.S. manufacturers and their workers. Co-sponsors include Sens. Kelly Loeffler (R-GA), Chris Murphy (D-CT), Mike Rounds (R-SD), Shelley…
Committee established to investigate fraudulently listed stocks Washington. The Coalition for a Prosperous America (CPA) appreciates President Trump’s recent executive order establishing a Presidential Working Group to stop Chinese companies from flouting U.S. securities laws. CPA has actively protested the preferential treatment given to publicly traded Chinese companies that are allowed to hide financial information…
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…
House Subcommittee ignores funding of sanctioned Chinese companies, overlooks violations of U.S. securities laws Washington. The Coalition for a Prosperous America (CPA) this week sent a letter to Rep. Gerald E. Connolly (D-VA) expressing concern over his investigation of a decision to withhold federal employees’ retirement money from Chinese companies. Connolly, the Chairman of the House…
First report shows strong reshoring growth in 2019 Washington. The Coalition for a Prosperous America (CPA) today launched its CPA Reshoring Index (CRI) to track the success of the U.S. manufacturing sector in meeting the demands of America’s home market. For 2019, the Index came in at 59, indicating that U.S. manufacturing production increased its…
CPA member Phlow receives federal contract to produce COVID medicines Washington. The Coalition for a Prosperous America (CPA) today congratulated the Trump administration for awarding a $354 million contract for generic drug production to Phlow Corp., a Virginia-based drug manufacturer. Phlow, a CPA member, will begin producing prescription drugs and their raw ingredients, including some…
Opposes congressional calls to suspend tariffs on COVID supplies Washington. The Coalition for a Prosperous America (CPA) this week sent a letter to U.S. Trade Representative Robert Lighthizer urging him to resist congressional calls to suspend tariffs on COVID-related supplies and equipment. CPA says that enabling more imports of medical supplies would shortchange U.S. producers and leave the…
Federal employees’ retirement funds will not be invested in Chinese stocks Washington. The Coalition for a Prosperous America (CPA) today applauded the Federal Retirement Thrift Investment Board for its decision not to invest government employees’ retirement money in companies based in China. CPA had actively urged the Trump administration to stop the Board’s plan to…
