Import Dependence and Inflation – A Global Comparison
Greater import dependence makes countries more vulnerable to price shocks.
Menu
Job Quality Index Slips As Economy Adds Jobs
WASHINGTON — The Coalition for a Prosperous America (CPA) today announced that the U.S. Private Sector Job Quality Index (JQI) edged down by 0.03% to 81.27 in June, as low-quality job growth slightly exceeded high-quality. Low-quality jobs increased in the healthcare, accommodation, and food service industries. High-quality jobs increased in professional and business services. The average weekly wage…
DMSI Falls to Lowest Level in Q1 2022 As U.S. Manufacturing Loses Share to Imports
The CPA Domestic Market Share Index (DMSI) fell to 64.9 in Q1 2022, down from 66.4 in the previous quarter, indicating that importers increased their share of U.S. consumption of manufactured goods in Q1 by 1.4 percentage points to 35.1%. This is the lowest domestic market share and highest import share since the beginning of…
Mighty Dollar – Mighty Wrong
In his recent WSJ column “Strong Dollar Wins the Inflation Battle in New Spin on Currency Wars,” James Mackintosh suggests that the dollar’s sharp appreciation in recent years has been good for America and may be part of “an essential rebalancing of the global economy.” The costs of a bloated dollar are very high. Trade…
Recession is Two to Three Quarters Away
The economy is moving from growth to contraction, as Thursday’s 0.9% decline in GDP tells us. The debate over whether we are in a recession today is mostly pundits rehearsing their political messages for television, with the November election looming. We are almost certain to be in recession by year-end or early next year. I’m…
The Importance of Tariffs on the U.S. Solar Market
U.S. market share in the solar industry has increased since solar tariffs were enacted.
How Steel Tariffs Are Helping US Workers
This article is an expanded version of testimony delivered by Mr. Ferry to the U.S. International Trade Commission on July 22, 2022. The Section 232 steel tariffs have benefited the U.S. steel industry and its workforce American steelworkers earned an average of $117,200 last year, making steel one of the best-paying industrial sectors in…
JQI Rises With Signs of Pandemic Recovery
WASHINGTON — The Coalition for a Prosperous America (CPA) today announced that the U.S. Private Sector Job Quality Index (JQI) rose to 81.29 in May, up 0.28% from the previous month, reflecting a rise in both high-quality and low-quality jobs. The slight increase was the result in increases in high-quality jobs in construction and transport/warehousing, which were partially…
Despite Soaring Profits, Corporations are Asking the Government for China Tariff Cuts, Consumer Benefit Doubtful
Corporate profits grew by double and sometimes triple digits during the COVID-19 pandemic. Worker wages did not.
Silicon Sellout Paper: The Five Risks of An Apple-YMTC Deal
By Jeff Ferry, CPA Chief Economist, and Roslyn Layton, Ph.D., Co-Founder, China Tech Threat This Policy Paper, co-written by Coalition for a Prosperous America (CPA) and China Tech Threat (CTT), highlights the dangers of an impending decision by Apple to begin using Chinese-made memory chips in the iPhone 14. The paper outlines how this creates…
