Elise Gould, senior economist at The Economic Policy Institute, wrote after the July jobs report came out that “because so many jobs were lost in March and April, we are still 12.9 million jobs below where we were in February, before the pandemic spread.
US News and World Report
August 12, 2020
Data suggests that not enough teaching jobs have been created to keep up with growing student enrollment as the population increases. A report from the Economic Policy Institute found the country lost 60,000 jobs in education after the Great Recession of 2008, and state and local education lost 1 million jobs between February and May 2020 due to the coronavirus pandemic.
Business Insider
August 12, 2020
“It’s going to take a long time to set up, and it’s not going to last a long time at all,” Josh Bivens of the left-leaning Economic Policy Institute told The Washington Post.
Yahoo Finance
August 12, 2020
As it stands, they’d have to claw back that money to employees at the beginning of next year. “I think what most employers are going to do is not pass this on to their employees,” Josh Bivens, the director of research at the left-leaning Economic Policy Institute, told the Post. “They’re not going to give money to the worker because the government is at some point going to come back for it.” All that Trump achieved with that part of the orders was declaring that he intends to destroy Social Security, which Democratic presumptive nominee Joe Biden was quick to point out on Sunday, saying Trump is trying to “undermine the entire financial footing of Social Security,” and to put Americans’ benefits “in doubt.”
AlterNet
August 12, 2020
Full-time day care in California costs an average of $900-$1,375 per month, according to a report by the Economic Policy Institute. That may sound like a lot for people struggling month to month, but some providers are set up to accept subsidies for low-income parents and essential workers, making them more accessible to families in need, Mauskopf said.
The Mercury News
August 12, 2020
The newest report from the Bureau of Labor Statistics shows that jobs are starting to come back, with 1.8 million jobs gained in July. Women gained 64.4 percent of those jobs, but still lag far behind their pre-pandemic employment levels. Long-term unemployment, people unemployed for three months or more, also spiked to its highest reading ever recorded. An analysis by the Economic Policy Institute shows that 8 percent of women have no reasonable chance of being called back to the workforce. That number is even higher for Black, Hispanic, and Asian women.
NBC News
August 12, 2020
Lending Tree said it used 2018 Bureau of Labor Statistics data, 2020 Economic Policy Institute report, various Federal Reserve data, 2020 Federal Reserve Bank of St. Louis data, 2017 National Center for Education Statistics report, 2020 Pew Research Center report and U.S. Census Bureau to conduct its analysis.
NBC News
August 12, 2020
According to the Economic Policy Institute, despite progress in other areas, Black unemployment and incarceration rates worsened, while Black homeownership remained the same during the 50 years following the Civil Rights Act of 1968. With today’s heightened focus on racial inequities, racial justice investing initiatives are likely to continue to proliferate. As policymakers and other stakeholders work to advance racial equity in the decades ahead, racial justice investing remains an area to watch.
Forbes
August 12, 2020
If Congress decides to reinstate a federal unemployment benefit bonus — in any amount — it will likely take two to four weeks for payments to flow to states and then recipients, according to the Economic Policy Institute. So far, the proposal has been introduced only in the Senate. Democratic congressional leaders are currently negotiating with the GOP on the particulars of the plan.
CNET
August 12, 2020