The insular microcosms of Twitter and other social media platforms can quickly lead one to believe that everyone in the city had a similar quarantine experience, but in fact, as the Economic Policy Institute reports, under 30 percent of workers were able to work from home.
Miscellany News
August 9, 2020
What’s more, without that aid, those families won’t be spending at local businesses anymore. The ending of that aid will turn a trickle of business closures into a flood. The Economic Policy Institute estimates that cutting those benefits will cost Montana another 11,800 jobs.
The Missoulian
August 9, 2020
Numbers released on Friday, Aug. 7, showed an increase of 1.8 million jobs in July nationally. “But, 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,” wrote Elise Gould of the Economic Policy Institute in a blog post.
Wisconsin Examiner
August 9, 2020
While mental health is an individualized issue, just like physical health, one issue that is an actual systemic program is the achievement gap now closely tied with the socioeconomic gap. According to Humble ISD’s website, 32.3 percent of students are economically disadvantaged. The coronavirus is going to exacerbate the effects of advantages some students have in comparison to others, according to an Economic Policy Institute blog post by Richard Rothstein.
Houston Chronicle
August 9, 2020
They don’t portend good things for the economy, said Elise Gould, a senior economist at the Economic Policy Institute, a progressive think tank, who notes that anxious consumers, whether they hold a job or not, typically cut back on spending, the primary driver of the economy.
“The insecurity of what has happened to people around them may lead people to save as much as possible,” she said. “And that could decrease spending in the sense that, ‘I don’t know what happens next.’ ”
Associated Press
August 9, 2020
They said the problem with the earlier lockdowns from March to May was that some states deemed a large portion of its population essential workers. But the Economic Policy Institute said only 39% of workers in the U.S. are essential.
Cointelegraph
August 9, 2020
“I think what most employers are going to do is not pass this on to their employees,” added Josh Bivens, the director of research at the left-leaning Economic Policy Institute. “They’re not going to give money to the worker because the government is at some point going to come back for it.”
The Washington Post
August 9, 2020
Heidi Shierholz, economist at the left-leaning Economic Policy Institute, said: “We added 1.8 million jobs in July, but our jobs level remains in absolute crisis”.
BBC
August 7, 2020
But that’s likely lowball right now, said Elise Gould, senior economist at the Economic Policy Institute. To be counted as “unemployed,” you have to be actively looking for work.
MarketWatch
August 7, 2020
The reality is that there remains a fundamental mismatch between the number of unemployed Americans and available jobs in the U.S. The BLS calculated that there were roughly four unemployed workers per job opening in May (the June figures will be released on August 10). Therefore, even with no benefit, the supply of jobs would not be sufficient to meet demand for work. As the left-leaning Economic Policy Institute noted in late July, there are 14 million more unemployed workers than jobs. “You can’t incentivize people to get jobs that aren’t there,” the EPI remarked.
Forbes
August 7, 2020