Anyway, back to unemployment. The Economic Policy Institute recently released new numbers showing, “Unemployment has especially skyrocketed for young workers in the COVID-19 labor market. . . . The overall unemployment rate for young workers ages 16–24 jumped from 8.4% to nearly 25% from spring 2019 to spring 2020 … Spring 2020 unemployment rates were even higher for young Black, Hispanic, and Asian American/Pacific Islander workers – close to 30% for all three groups.”
Counterpunch
December 18, 2020
The reduction of six weeks of unemployment payments would mean, according to researchers with the Economic Policy Institute, that some 11.2 million people would reach a “benefits cliff” at the end of February, as they would be unable to apply for state benefits while having exhausted their federal unemployment relief.
World Socialist Web Site
December 18, 2020
Heidi Shierholz, economista del Economic Policy Institute explicaba en Twitter que sin más estímulos la recuperación económica se retrasará y se profundizará en la desigualdad económica racial. “Dado el impacto del racismo sistémico y la historia los trabajadores negros latinos han perdido más trabajos durante la pandemia y tienen menos patrimonio con el que salir adelante”
El Diario
December 18, 2020
And without more stimulus spending — especially to shore up state and local government budgets — Heidi Shierholz at the Economic Policy Institute said the economy is backsliding.
“We’ve already seen more than a million jobs lost in state and local government,” Shierholz said. “When you have teachers and firefighters who lose their jobs so they no longer have income, they aren’t spending money in the private sector, and so more people lose their jobs.”
Marketplace
December 18, 2020
The H-1B visa program was originally created to fill positions in the workforce with highly skilled individuals who couldn’t be found in the U.S. But employers have exploited the visa program, according to reports by the Center for Immigration Studies and the Economic Policy Institute, to outsource jobs with cheaper foreign labor.
Westchester & Fairfield County Business Journals
December 18, 2020
According to the Economic Policy Institute, domestic workers in the United States are largely women (91.5 percent) and Black, Hispanic, or Asian American/Pacific Islander (52.4 percent).
CNBC
December 18, 2020
Meanwhile, millions suffered through an economic recovery that “was the slowest in post-World War II history, and the degree of fiscal austerity can entirely explain its slowness,” the Economic Policy Institute reported.
Jacobin
December 18, 2020
“A catastrophe, a pandemic is likely to have a negative impact on outcomes,” says Emma García, an education expert at the left-leaning Economic Policy Institute in Washington. Nonetheless, she says these negative effects can be corrected after a few years if teaching resources are redirected to students who most need them.
The Christian Science Monitor
December 18, 2020
“The Senate’s failure to provide crucial relief and recovery aid has left families without a lifeline and will severely damage prospects for recovery,” Economic Policy Institute research director Josh Bivens said in a statement last month. “Policymakers should not phase out funding too quickly and must continue fiscal support through the end of 2024.”
Common Dreams
December 18, 2020