Tracking public sector job losses, a study by the Economic Policy Institute (EPI) shows Kentuckians losing government jobs at a rate greater than in any neighboring states. Losses are attributed to declining revenues and disruptions from COVID-19.
WAVE-TV
August 3, 2020
There are many indicators pointing to a difficult period absent more federal aid. Friday’s scheduled sunset of $600 in a weekly unemployment bonus when jobless claims remain high and a decline in consumer spending dampens the economy. Maine stands to lose 12,000 more jobs over a year if federal benefits are cut by $400, according to the liberal-leaning Economic Policy Institute. Businesses that could benefit from another round of Paycheck Protection Program loans are also being forced to wait.
Bangor Daily News
August 3, 2020
Heidi Shierholz, a senior economist at the Economic Policy Institute has noted that there are still 14 million more unemployed workers than there are job openings. “Cutting off the $600 cannot incentivize people to get jobs that aren’t there,” she wrote in a post last month. “It will just cause pain.”
Forbes
August 3, 2020
The average income of the richest 1% in the Jackson metropolitan area is more than $16.1 million (R270 million), while the average income of the remaining 99% is $122,447 (R2 million), according to a 2018 report published by the Economic Policy Institute.
Business Insider
August 3, 2020
The Economic Policy Institute ranks our state 49th in teacher pay competitiveness compared to other professions with the same degree requirements. It’s no wonder so many teachers are leaving the profession, depriving our children of the best and the brightest.
Winston-Salem Journal
August 3, 2020
The stakes as lawmakers work to find common ground are high. According to Zhou and Nilsen, federal unemployment assistance during an unprecedented period of job loss may have staunched what would have otherwise been a major increase in poverty levels. The cash payments have also likely bolstered the economy and staved off additional job losses by maintaining consumer spending, according to independent studies by researchers at the University of Chicago, the Committee for a Responsible Federal Budget, and the Economic Policy Institute.
VOX
August 3, 2020
“It is absolutely providing just a crucial lifeline to millions and millions of people,” Heidi Shierholz, a former Labor Department economist who now works at the Economic Policy Institute, told the outlet. “But at the same time, there just have been — and we all know this — just a huge amount of issues with getting those benefits to many, many people.”
Salon
August 3, 2020
The Census Bureau already publishes the small-area Supplemental Poverty Measure which can be used as a starting point to improve upon, as the Economic Policy Institute’s Family Budget Calculator does.
The Hill
August 3, 2020
Today barely 58% of all working-class Americans are white; according to a 2016 Economic Policy Institute study, people of color will become the majority of the working class by 2032.
LA Times
August 3, 2020
Specifically, our nation lost 3.2 million jobs to China over a 12-year period from the time Biden proposed Beijing’s inclusion as a most-favored trading member of the WTO in 2001, per analysis from the Economic Policy Institute.
Real Clear Politics
August 3, 2020