Elise Gould is with the left-leaning Economic Policy Institute, and she says right now, with so many people looking for jobs…
ELISE GOULD: You’re not really going to see some of those earnings gains actually translate into wage growth for most workers in this country.
NPR
August 3, 2020
In new analysis from the Economic Policy Institute, the scope of the harm of proposals, or lack thereof, to North Carolina in the proposed Senate version of the next federal package is made clear. The loss of the $600/week boost in Unemployment Insurance would cost North Carolina 95,000 jobs. That’s because it would reduce the income by $400 each week for those hundreds of thousands North Carolinians out of work, forcing impossible choices between basic needs.
The Progressive Pulse
August 3, 2020
Even if Congress does extend the aid before July 31, it will take two to four weeks for states to reinstate the benefits according to the Economic Policy Institute.
CNET
August 3, 2020
Democratic leaders are balking at the amount, saying it’s too small. The Economic Policy Institute, a progressive research group, estimates losing $400 a week in benefits will mean 81,483 fewer jobs created in Washington through mid-2021.
The Olympian
August 3, 2020
The Senate Republican proposal to reduce the weekly $600 supplement to $200 threatens to lead to 3.4 million fewer jobs created over the next year, according to the left-leaning Economic Policy Institute.
USA Today
August 3, 2020
In a survey from the Economic Policy Institute, almost half of companies reported requiring some of their employees to sign non-compete agreements, and nearly a third responded saying they required all of their workers to sign one.
CNN Business
August 3, 2020
“Without federal aid, we stand to lose 5.3 million additional jobs—in the private and public sectors—by the end of 2021,” the left-leaning Economic Policy Institute predicts. Already, the U.S. Labor Department has reported that some 1.5 million state and local government jobs were lost from February to June, adding to the tens of millions of private sector jobs that have been shed nationwide.
Politico Morning Shift
August 3, 2020
Depending on the length of this recession and when an effective treatment or vaccine for COVID-19 is developed, there is a real possibility many jobs lost by women will never come back, said Heidi Shierholz, senior economist and director of policy at the Economic Policy Institute (EPI).
As it stands, about 8 percent of women who have been laid off have zero chance of being called back to the workforce compared to 6.4 percent of men, according to an analysis by EPI. Another 4 percent expect to be called back but likely will not.
19th News
August 3, 2020
Features interview with Elise Gould.
CNBC
August 3, 2020
The Fed’s worries are dramatically confirmed by economic data. On Thursday, GDP figures confirmed the recession’s depth. GDP fell by 9.5% in the second quarter, “the fastest the quarterly rate has fallen in modern record-keeping.” And new claims for unemployment insurance were over two million. As economist Heidi Shierholz at the Economic Policy Institute notes, that “was the 19th week in a row that unemployment claims have been more than twice the worst week of the Great Recession.”
The Republican HEALS proposals would further slow the economy. The Economic Policy Institute estimates that just eliminating the $600 supplemental unemployment insurance benefit would cut around 3.4 million jobs. And so far, Republicans have offered no additional aid to state and local governments, where budget and spending cuts also will drag the economy down.
Forbes
July 31, 2020