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…
By Steven L. Byers, PhD and Jeff Ferry The US is in the midst of a public health crisis and the country is struggling with shortages of essential health care supplies. In most cases, these shortages are linked to our excessive reliance on imported supplies, which are arriving in much smaller quantities than ordered, if…
Health, Security, Economic Benefits from Reshoring By Steven L. Byers, PhD and Jeff Ferry With the spreading coronavirus pandemic, Americans are becoming increasingly aware of our dependence on foreign sources for important pharmaceuticals and other health care products. The US is dependent on China for over one third of all the antibiotics we import, and…
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…
By Steven L. Byers, PhD and Jeff Ferry The US scored the smallest trade deficit since October 2016 as tariffs slowed the flow of imports into the country. With imports down while US consumption continues to rise, American workers grabbed a larger share of domestic demand. The US trade deficit in goods and services for…
In October 2019, CPA’s Economics team of Jeff Ferry and Steven Byers won the NABE Mennis Award for best economics paper of the year for “Decoupling from China: an economic analysis of the impact on the US economy of a permanent tariff on Chinese imports.” CPA’s paper used an economic model to forecast that…
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: 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…
Washington. The Coalition for a Prosperous America (CPA) today announced the launch of a comprehensive new economic indicator, the US Private Sector Job Quality Index (JQI). CPA has partnered with Cornell University, the University of Missouri, and the Global Institute for Sustainable Prosperity (GISP) to unveil a new measure of America’s changing employment situation. The…
The US has long provided measures of the quantity of jobs created, but not the quality of those jobs. Our new index (JQI) answers many important questions including why the Philips Curve is not working, why global trade and deindustrialization deteriorate the quality of the employment. Please join us! We’re pleased to announce the following…