CPA today announced that the U.S. Private Sector Job Quality Index (JQI) was 82.45, essentially flat with only a change of -0.03% from the preceding month.
A below-expectations jobs report and a continuing decline in the JQI are not good
signs for the U.S. economy.
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.
WASHINGTON — The Coalition for a Prosperous America (CPA) today announced that the U.S. Private Sector Job Quality Index (JQI) for September declined by 0.66% in September to 84.37. After a strong reading in August, the JQI continued its downward trend in the second half of the year. Interest rate hikes by the Fed appear to be softening…
WASHINGTON — The Coalition for a Prosperous America (CPA) today announced that the U.S. Private Sector Job Quality Index (JQI) for August was 85.09, up 0.09% from July. After a few months of slowing job growth and a slight decrease in the JQI, the most recent month shows strong job growth in the economy and among goods-producing sectors.…
WASHINGTON — The Coalition for a Prosperous America (CPA) today announced that the U.S. Private Sector Job Quality Index (JQI) for July was 85.09, down 0.41% from June. After several months of strong, high-quality job growth in the first half of 2023, the decline of the index reflects that job growth in the economy is slowing. Most of…
WASHINGTON — The Coalition for a Prosperous America (CPA) today announced that the U.S. Private Sector Job Quality Index (JQI) for June was 85.22, down 0.3% from May. The JQI has leveled out over the past few months after a significant increase earlier in the year. Most of the job growth in June was from low-quality jobs that…
WASHINGTON — The Coalition for a Prosperous America (CPA) today announced that the U.S. Private Sector Job Quality Index (JQI) for May was 85.47, up 0.83% from April. The JQI reached its highest level in over a decade and has increased the last seven consecutive months after accounting for revisions to recent months. While job growth is slowing,…
WASHINGTON — The Coalition for a Prosperous America (CPA) today announced that the U.S. Private Sector Job Quality Index (JQI) for April was 84.46, up 0.25% from March. A month ago, it looked like the job market was beginning to plateau, but upward revisions to March’s data means the JQI was 0.48 higher than reported. In other words,…
Job Quality Index shows that low-wage job growth has steadily outpaced high-wage job growth since 1990 for non-management workers.
