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…
After the year 2000, US manufacturing employment experienced a rapid, unprecedented decline with the loss of some six million manufacturing jobs. Many commentators have described this as a normal, even healthy evolution, with workers allegedly moving into “jobs of the future” in the service sector. After the year 2000, US manufacturing employment experienced a rapid,…
This Working Paper presents the results of a CPA econometric model showing that a permanent tariff on Chinese imports would stimulate the US economy. by Jeff Ferry (Chief Economist) and Steven Byers (Senior Economist) The Coalition for a Prosperous America (CPA) has updated a prior study on the impact of permanent tariffs on all Chinese imports. Specifically, we…
By Jeff Ferry and Steven L. Byers, PhD Economic modeling results from the Coalition for a Prosperous America (CPA) show that an across-the-board 25% tariff on all China imports would deliver a significant, sustained boost to the US economy, including the addition of $125 billion to GDP in 2024 and the creation of 721,000 additional jobs. CPA…
