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
According to the Economic Policy Institute, a well-educated workforce can increase high-paying jobs for residents, strengthen a state’s economy and grow state coffers.
The Center Square
December 18, 2020
Josh Bivens of the Economic Policy Institute said, “We will need more than one-shot policy activism and we will need to begin with those who are the very center of this pandemic recession.”
Black Star News
December 18, 2020
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
The pandemic-driven recession has caused immense pain across the United States, exacerbating existing economic and health disparities. After 22 million workers lost their jobs in March and April, the labor market saw a notable bounce back in May and June. Unfortunately, that progress was short-lived. Job growth has significantly slowed since then with payrolls increasing by only 245,000 in November. Employment remains 9.8 million below its pre-pandemic levels with notable deficits in leisure and hospitality, public-sector employment, and education and health services. Further, the recovery has been uneven across demographic groups: Black and Hispanic workers are experiencing a larger shortfall from their pre-pandemic employment rates than white workers. Overall, over 26 million workers are either unemployed, otherwise out of work due to the pandemic, or experienced a drop in hours or pay. The pandemic rages on as winter approaches and at least one million workers continue to file initial unemployment insurance claims every week.
Newsweek
December 17, 2020
“The concern isn’t so much ‘the robots are coming, and they’re going to put everybody out of work,’” says Ben Zipperer, an economist with the Economic Policy Institute. “It’s more that the jobs being created by extremely profitable companies have either poor pay or poor working conditions, or are not the kind of jobs that you would expect an extremely rich country, and rich company, to be able to provide.”
Bloomberg
December 17, 2020