We could raise women’s wages by 70 percent—from $15.21 to $26.04 per hour—by closing the gender wage gap and eliminating the inequality that has kept all workers’ pay from rising with productivity.
Closing the gender wage gap is absolutely essential to helping women achieve economic security. But to bring genuine economic success to American women and their families, we must do more. The gender wage gap is only one way the economy shortchanges women.
Closing the gender wage gap is absolutely essential to helping women achieve economic security. But to bring genuine economic security to American women and their families, we must also reverse the decades-long trend of stagnant wages for the vast majority of workers.
Despite the crucial nature of their work, child care workers do not seem to be valued in today’s economy: they are among the country’s lowest-paid workers and many cannot afford child care for their own children.
While the topline employment number for October is quite encouraging, other indicators continue to paint a picture of a plateaued economy, particularly the fact that there has been no growth in prime-age employment-to-population ratio (EPOP) this year.
November 6, 2015 | By Elise Gould
| Economic Indicators
This morning’s BLS employment situation report shows the economy added 271,000 jobs in October and the unemployment rate fell slightly to 5.0 percent.
On Friday, the Bureau of Labor Statistics will release the October numbers on the state of the labor market. As usual, I will be looking closely at nominal wage growth.
Despite the crucial nature of their work, child care workers’ job quality does not seem to be valued in today’s economy. They are among the country’s lowest-paid workers, and seldom receive job-based benefits such as health insurance and pensions.
Today’s Job Openings and Labor Turnover Survey (JOLTS) report shows there has been little change in the labor market for America’s workers.
When you compare the cost of child care to minimum wages across the nation, it becomes apparent just how difficult it is for families living off of a minimum-wage income to afford child care.
Child care costs constitute a large portion of the income families need in order to achieve a modest yet adequate standard of living—and are particularly onerous for workers paid the minimum wage. Measuring child care costs against a variety of benchmarks demonstrates that high quality child care is out of reach for working families.
This piece originally appeared in the Wall Street Journal’s Think Tank.
The Affordable Care Act took enormous strides toward providing access to health-care coverage to the tens of millions of uninsured Americans and reining in the skyrocketing costs of health care that heavily pressured households and public budgets, addressing what we consider the most glaring shortcomings of the U.S.
Today’s Bureau of Labor Statistics employment situation report showed the economy added a disappointing 142,000 jobs in September, bringing average monthly job creation to 198,000 in 2015—a rate slower than 2014.
On Friday, the Bureau of Labor Statistics will release the September numbers on the state of the labor market. I will be watching for upward revisions to August’s employment numbers, which came in lower than expected.
Key numbers from today’s new Census reports, Income and Poverty in the United States: 2014 and Health Insurance in the United States: 2014.
On Wednesday, the Census Bureau will release the latest data on income, poverty, and health insurance coverage. As EPI’s research team eagerly awaits this release, there are a few things we will be watching for.
Next week, the Census Bureau will release its estimates of the number of Americans who lived in poverty in 2014. The official poverty measure is an important metric—particularly since it’s been in place for nearly 50 years, and its measurement methodology hasn’t had major revisions over that time.
Today’s Job Openings and Labor Turnover Survey (JOLTS) report corroborates last week’s jobs report, which continued to provide evidence that the economy is at best moving at a slow jog, with meager wage growth and employment growth that’s just keeping up with the growth in the working age population.
The official unemployment rate (the U3) is only one data point—one that doesn’t include workers who have left the labor force because of weak opportunities or workers who want to be working full-time but can only get part-time work.
This blog post originally appeared on TalkPoverty.org.
Labor Day is a time to honor America’s workers and their contributions to our economy.
As kids head back to school, the Bureau of Labor Statistics reported this morning that payroll employment increased by only 173,000 in August—lower than recent months, which were already showing slower growth than last year.
Unfortunately, a serious look at the economy suggests slow growth, and not a hint of acceleration—making a rate hike terribly premature.
As Labor Day approaches, about a quarter (24 percent) of private sector workers will not be enjoying a paid day off on Monday. A similar number (23 percent) earn no paid vacation time.
The income level necessary for families to secure an adequate but modest living standard is an important economic yardstick. While poverty thresholds help to evaluate what it takes for families to live free of serious economic deprivation, EPI's Family Budget Calculator offers a broader measure of economic welfare.
This paper presents the methodology and data sources used in the 2015 update of the Economic Policy Institute’s Family Budget Calculator.
Arguably, the most important measure for the Federal Reserve as they decide whether to raise rates in September is nominal average hourly earnings.
My former colleague, Heidi Shierholz, used to call the prime-age employment-to-population ratio (EPOP) her desert island measure, if she could only take one with her.
All throughout its discussions of if and when they will raise interest rates, Federal Reserve officials have insisted that their decisions will be “data driven.” This is, of course, the right approach.
The White House is reportedly considering an executive order that would require that federal contractors provide their employees with seven days of paid sick leave.
Tomorrow, when the Bureau of Labor Statistics releases its monthly jobs report, we’ll be looking at what the Federal Reserve should pay attention to as they debate whether or not to raise interest rates at the next FOMC meeting in September.