A separate study by the Economic Policy Institute found that expanding jobless aid boosted personal income by $842 billion in May; extending the boosted benefits through mid-2021, the nonprofit said, would provide an average quarterly boost to GDP of 3.7 percent.
Fox Business
August 3, 2020
According to research by the nonprofit Economic Policy Institute, among households headed by adults ages 50 to 55, the median retirement savings is only $8,000, according to the Economic Policy Institute.
MSN Money
August 3, 2020
President Donald Trump’s ban on work visas will reduce the number of immigrants receiving green cards by nearly a third, compared with 2019, according to the Economic Policy Institute.
CNBC
August 3, 2020
Tcherneva said her biggest worry after the pandemic will be “normalized” unemployment. CNBC reports that 17.6 million unemployed Americans may not return to their pre-pandemic jobs, citing a study by the Economic Policy Institute. Some recruiting experts predict that previously full-time workers may shift to the gig economy.
Business Insider
August 3, 2020
The analysis aligned with a statement on the GOP proposal published by Economic Policy Institute President Thea M. Lee on Tuesday.
Newsweek
August 3, 2020
Heidi Shierholz, senior economist and director of policy at the Economic Policy Institute, noted in a blog post that “last week was the 19th week in a row that unemployment claims have been more than twice the worst week of the Great Recession.”
“Republicans in the Senate just allowed the across-the-board $600 increase in weekly UI benefits to expire,” Shierholz wrote. “They are proposing to (essentially) replace it with a $200 weekly payment. That $400 cut in benefits is not just cruel, it’s terrible economics. These benefits are supporting a huge amount of spending by people who would otherwise have to cut back dramatically. The spending made possible by the $400 that the Senate wants to cut is supporting 3.4 million jobs.”
Common Dreams
August 3, 2020
Further, the Economic Policy Institute said, “Right now in the US, there are 14 million more unemployed workers than there are job openings, so millions will remain jobless no matter what they do. You can’t incentivize people to get jobs that aren’t there.”
Business Insider
August 3, 2020
Last week’s unemployment claims in Maine were at 2,600 compared to the 634 applications filed for the week ending March 14, before restrictions on businesses in the state took effect. Maine stands to lose 12,000 more jobs with the lapse of the enhanced unemployment benefits, according to the liberal-leaning Economic Policy Institute.
Bangor Daily News
August 3, 2020
“The spending made possible by the $400 that the Senate wants to cut is supporting 3.4 million jobs,” said Heidi Shierholz, a senior economist at the left-leaning Economic Policy Institute in a blog post on Thursday. “That $400 cut in benefits is not just cruel, it’s terrible economics.”
Denver Post
August 3, 2020
“Given the precarious state of the economy and heightened risk of incurring out-of-pocket medical expenses, it’s still important to have emergency funds in checking or savings accounts,” said Heidi Shierholz, senior economist at the think tank Economic Policy Institute.
Bloomberg
August 3, 2020