By Area of Research:
Raising the Overtime Salary Threshold Is an Important Improvement in Working Families’ Labor Standards
October 8, 2015 | By Ross Eisenbrey | TestimonyEPI Vice President Ross Eisenbrey delivered the following testimony before the U.S. House of Representatives Committee on Small Business Subcommittee on Investigations, Oversight, and Regulations, on Thursday, October 8, 2015.
October 7, 2015 | By Josh Bivens | BlogThe Affordable Care Act is making the U.S. health system much more efficient and fair. One provision of it, however, remains controversial, even among those strongly supportive of the overall law.
October 7, 2015 | By Elise Gould | Economic SnapshotWhen 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.
October 7, 2015 | By Ross Eisenbrey | BlogThis will be the first in a series of blog posts examining some of the comments submitted to the U.S. Department of Labor (DOL) in response to its notice of proposed rulemaking (NPRM) on overtime pay for salaried employees.
October 5, 2015 | By Robert E. Scott | Press ReleasesStatement from EPI Director of Trade and Manufacturing Policy Research Robert E. Scott on the announcement that the United States and other countries reached an agreement on the Trans-Pacific Partnership (TPP).
October 2, 2015 | By Elise Gould | BlogToday’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.
September 30, 2015 | By Elise Gould | BlogOn 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.
African Americans and Women Disproportionately Pay the Price for Austerity and Congressional Dysfunction
September 30, 2015 | By Valerie Wilson | Economic SnapshotIn early 2014, the private sector finally returned to its pre-Great Recession level of employment. Last year was also a turning point for the public sector, which added 74,000 jobs after experiencing losses throughout the recession and most of the recovery.
New Scandals Revealed by the New York Times: How the H-1B Visa is Used to Ship American Jobs Overseas
September 30, 2015 | By Ron Hira | BlogThe New York Times has a front page story today about two new cases of H-1B abuse as a follow-up to the Disney scandal it reported on in June. This one, too, features household names: Toys R Us and New York Life. It also includes academic publishing powerhouse, Cengage, whose textbooks are used in college campuses across the country. Those companies have been outsourcing work to companies with track records as major H-1B abusers that use the program to ship jobs overseas: Accenture, TCS, and Cognizant.
September 30, 2015 | By Josh Bivens | BlogI’ve been arguing for the past year that until nominal wage growth picks up considerably, the Federal Reserve has little to fear about price inflation being pushed above its 2 percent target. The logic of focusing on wage growth is pretty easy to explain.
September 24, 2015 | By Monique Morrissey | BlogAlarming statistics that show large declines in the employment and labor force participation of Americans with disabilities are often cited to support the claim that workers in poor health but able to work are increasingly opting out of the workforce to claim disability benefits.
September 22, 2015 | By David Cooper | Economic SnapshotIn 2014, 48.4 million people (or 15.3 percent of the US population) were in poverty, as measured by the Supplemental Poverty Measure (SPM)—a more sophisticated approach for measuring economic well-being than the official federal poverty line. However, that number would have been significantly higher were it not for government safety-net programs.
September 22, 2015 | By Susan Balding | BlogDuring his first visit to the United States, Pope Francis is expected to address economic issues like inequality and poverty, continuing his criticism of trickle-down economic policy.
Job Growth Holds Steady in Most States, but Labor Force Declines Raise Questions about Falling Unemployment
September 18, 2015 | By David Cooper | State Jobs PictureToday’s release of state employment and unemployment data from the Bureau of Labor Statistics showed that over the summer months, most states remained largely on the same trajectory they have been on for the past year, if not the past several years. The pace of overall job growth nationwide was roughly the same as it was at this time last year, although slightly fewer states added jobs this summer than last.
September 18, 2015 | By David Cooper | BlogBetween 2013 and 2014, the poverty rate in most states was largely unchanged, according to yesterday’s release of state poverty statistics from the American Community Survey (ACS). While the poverty rate fell slightly for the country as a whole, most of the changes at the state level were too small to signify a meaningful difference. As of 2014, only two states—North Dakota and Colorado—have poverty rates at or below their 2007 values, before the Great Recession.
September 18, 2015 | By David Cooper | BlogThursday’s release of state income data from the American Community Survey (ACS) showed that the gradual improvement in state economies from 2013 to 2014 brought little change in overall economic conditions for households in most states. The ACS data showed a slight increase in median household income for the United States overall and similar modest increases in household incomes in a majority of states—although only a handful of these increases were statistically significant.
September 18, 2015 | By Ross Eisenbrey | BlogAs the Boomers age and retirement insecurity forces workers to delay retirement, workers 55 and older are a growing part of the workforce.
September 17, 2015 | By Josh Bivens | Press ReleasesToday’s decision by the Federal Reserve to keep short-term rates unchanged is welcome. The data clearly indicate that much slack remains in the economy and inflation is not a danger the Fed needs to be worried about right now.
September 17, 2015 | By David Cooper | BlogDespite an improving economy, the same proportion of Americans is still struggling to make ends meet.
September 16, 2015 | By Josh Bivens | BlogThe case against the Federal Reserve raising short-term interest rates at the end of the Federal Open Market Committee meetings Thursday is so clearly strong that is should carry the day. The point of raising rates is to rein in an overheating economy that is threatening to push inflation outside the Fed’s comfort zone. But inflation has been running below the Fed’s target for years–and its recent moves have been down, not up.
September 16, 2015 | By Ross Eisenbrey | StatementOn Sept. 16, 2015, Sen. Patty Murray (D-Wash.) and Rep. Robert C. “Bobby” Scott (D-Va.) introduced the Workplace Action for a Growing Economy (WAGE) Act, legislation to strengthen protections for workers who want to raise wages and improve workplace conditions.
September 16, 2015 | By Valerie Wilson | BlogToday’s Census Bureau report on income, poverty and health insurance coverage in 2014 shows that with the exception of non-Hispanic white households, median household incomes were not statistically different from 2013.
News from EPI › Rep. Conyers, Fed Up Coalition to Highlight Need for Full Employment, Case Against Premature Rate Hikes: As Public and Key Economists Disapprove of Rate Hike, Fed Up Will Call on Fed to Not Slow the Economy
September 15, 2015 | Media AdvisoryThis Thursday, as Federal Reserve officials make a crucial decision on interest rates, the advocates, economists, and workers of the Fed Up coalition will be joined by Rep.