The most recent information breaking down unemployment by race is from the last three months of 2019, before the pandemic. Nationally, Black workers had the highest unemployment rate at 5.7 percent. In Florida, it was higher at 5.9 percent. At the time, overall unemployment in the Sunshine State was 3.1 percent. As of June 2020, it’s 10.4 percent.
The Economic Policy Institute says in the coming weeks it will release the most recent data breaking down unemployment by racial demographics.
10 Tampa Bay
August 21, 2020
With Covid shuttering many college campuses this fall, as many as one out of five college kids may be considering taking a gap year instead of taking online classes from their mother’s couch. A typical rationale: “I’d rather get a Door Dash job than miss out on my college experience.” It could prove an expensive choice.
Bloomberg
August 21, 2020
It’s a frustrating process, says Economic Policy Institute Economist Monique Morrissey, whose expertise lies in retirement security and Social Security.
She says that claimants receiving benefits after appeal “isn’t necessarily a good thing,” because it highlights that most people should have received their benefits from the start.
“Their [SSA] M.O. is to say ‘no’ and tell you that you can appeal,” she said. “The process almost requires getting an advocate, if you can afford to get a lawyer.”
Yahoo Finance
August 21, 2020
But the ability to work remotely “differs enormously by race and ethnicity,” experts from the
Economic Policy Institute have pointed out.
Black and Hispanic workers in the United States are “much less likely” to be able to work from home, economists Heidi Shierholz and Elise Gould wrote in a post in March.
CNN
August 21, 2020
A well-known Cornell University
study estimated that drivers in Seattle earned an average of $23/hr — but a later study by The New School and UC Berkeley argued
it was only $9.73/hr when accounting for expenses. The
Economic Policy Institute has also broken down how much a driver might really pocket after fees, expenses, and self-employment taxes. According to Alva, pay has gone down in the past several years too. Dubal’s research shows that, between 2014 to 2019, long-term rideshare drivers saw their earnings drop by about 60%.
Refinery29
August 21, 2020
Heidi Shierholz of the progressive Economic Policy Institute said Thursday that the data present a strong argument for Congress to revive the enhanced unemployment benefits that expired at the end of July. “We remain 12.9 million jobs below where we were before the virus hit, and the unemployment rate is higher than it ever was during the Great Recession. Now isn’t the time to cut benefits that support jobs,” she wrote.
The Fiscal Times
August 21, 2020
The Virginian-Pilot
August 21, 2020
Meanwhile, even many families with savings don’t have enough money to provide real security during the pandemic. The median savings account balance for families headed by an individual between 56 and 61 years old is just $21,000, according to the Economic Policy Institute. That balance is even lower among younger families.
The Wall Street Journal
August 21, 2020
A new report from the Economic Policy Institute says the COVID-19 pandemic is disproportionately killing Latinos.
Valerie Wilson is the director of the institute’s Program on Race, Inequality and the Economy.
“In particular, among those between the ages of 35 and 44,” Wilson said. “I believe that the Latinx death rate was as much as almost nine times higher than it was for white Americans in that same age category.”
Arizona Public Media
August 21, 2020
The most recent information breaking down unemployment by race is from the last three months of 2019, before the pandemic. Nationally, Black workers had the highest unemployment rate at 5.7 percent. In Florida, it was higher at 5.9 percent. At the time, overall unemployment in the Sunshine State was 3.1 percent. As of June 2020, it’s 10.4 percent.
The Economic Policy Institute says in the coming weeks it will release the most recent data breaking down unemployment by racial demographics.
10 Tampa Bay
August 21, 2020