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 10, 2020
A report from the Economic Policy Institute found that without the $600 weekly unemployment insurance boost, more than 5 million jobs would be lost — as American consumption would fall and companies would be forced to cut jobs.
The American Independent
August 10, 2020
We are in the worst economic crisis since the Great Depression — but by the unjustifiably slow federal response, you’d hardly know it. As days pass, the economic impact worsens. State and local tax revenues are plummeting, creating a severe funding crisis for schools, healthcare, and other critical services. Without federal action, the Economic Policy Institute estimates that Pennsylvania will shed 201,000 public and private sector jobs by the end of 2021.
PennLive
August 10, 2020
Among the reasons that the economic devastation has hit women especially hard is the fact that women account for the majority of workers in industries that have suffered serious financial blows, such as retail, domestic work, and beauty and personal care. According to the Economic Policy Institute, approximately 8 percent of laid-off women workers’ jobs are gone forever, as opposed to a little over 6 percent of men’s jobs. And on top of that, longer running disparities like the persistent gender pay gap will almost certainly make it harder for women to bounce back from the downturn. As Carmen Niethammer wrote in Forbes last month, those inequalities could linger for decades, even well into retirement for millions of women.
New Republic
August 10, 2020
The $7.25/hr figure hasn’t changed since July 24 of 2009. According to the MIT living wage calculator, a living wage in New Hampshire for a single person without children is $12.61/hour. The Economic Policy Institute puts a budget for a childless individual in Cheshire County at $3,054/month.
Sentinel Source
August 10, 2020
Central to the debate is whether to reduce that weekly benefit. The Economic Policy Institute, a nonpartisan think tank, suggested in a recent white paper that cutting the benefits will not make jobs reappear and advised against the strategy.
“When growth is demand-constrained, there are more potential workers than available jobs, so hounding these potential workers into more intense job-searching by making UI benefits less generous doesn’t result in more jobs being created; it just results in more frustrated job searches,” the report noted.
Chicago Agent Magazine
August 10, 2020
Despite this improvement in the unemployment rate, the country is now approximately in line with where it was during the worst of the Great Recession. In July, the Economic Policy Institute, a non-partisan think-tank, estimated that for every one job opening in the country there were three unemployed workers.
Urban Milwaukee
August 10, 2020
For Elise Gould, senior economist at the Economic Policy Institute, a non-profit, non-partisan think tank in Washington, DC, the unemployment figures are a little disappointing. “I know these are historically high numbers, but I would say that job gains have slowed considerably from what we had seen in May and June,” says Gould. “And we are still nearly 13 million jobs in the hole from where we were in February.”
CBS New York
August 10, 2020
Desde el Economic Policy Institute, EPI, se recuerda que en este nivel, la tasa de desempleo se mantiene por encima de la registrada en el peor mes de la Gran Recesión en 2009 (10% entonces).
El Diario
August 10, 2020
The gap between those high on the income ladder and those in the middle and lower rungs did not change substantially from the end of the war until the 1970s, when the gap began to widen. The share of income growth captured by the top 1 percent in Massachusetts between 1945 and 1973, for example, was 2.9 percent. That figure rose to 50.4% in the period from 1973 to 2007, then to 58.4 percent in the eight years that followed, according to the Economic Policy Institute.
The Boston Globe
August 10, 2020
