A separate analysis from the left-leaning Economic Policy Institute projected that reducing federal unemployment benefits by $400 would cost the US 3.4 million jobs and shrink the economy by 2.5% over the next year.
Salon
July 28, 2020
The Economic Policy Institute estimates that a cut in the $600 a week extra unemployment insurance to $200 a week will reduce aggregate demand and cut the number of jobs that were projected to be created. It expects a loss of about 2.5% growth and 3.4 mln fewer jobs. After this week’s FOMC meeting and the first look at Q2 GDP, the US July employment report is due at the end of next week.
Nasdaq
July 28, 2020
A 2019 report by the Economic Policy Institute found California teachers pay an average of $664 to stock their classrooms. They pay the most out of pocket out of all teachers nationwide.
KSBY-TV
July 28, 2020
Economic Policy Institute president Thea Lee, in a statement, excoriated Senate Republicans for the insufficient state and local aid included in the HEALS Act unveiled Monday evening.
“The bill’s failure to provide any aid to state and local governments is a glaring weakness,” said Lee. “This will mean drastic cuts to essential services like health care, education, and public safety right when people need them the most. It will also cost 5.3 million jobs in both the public and private sectors by the end of 2021, as public sector cuts and layoffs cause major fallout in the private sector as well.”
Common Dreams
July 28, 2020
There are almost 39,000 veterans in the public sector, according to a recent report by the Economic Policy Institute, a higher percentage than in the private sector.
Cleveland.com
July 28, 2020
In April, more than half of the adult African American population was unemployed, according to the Economic Policy Institute (EPI). While the overall unemployment rate dropped to 11.1 percent in June, it continued to climb for Black men reaching 16.3 percent, according to EPI.
Truthout
July 28, 2020
Dr. Emma Garcia has questions about whether private schools can fulfill the promises they’re making to parents during the pandemic. An economist at the Economic Policy Institute, a left-leaning think tank, Garcia doubts that benefits such as more space for social distancing and low student-teacher ratios in private schools can be maintained with a surge in enrollments. Private schools tell DCist they are operating under-capacity when it comes to physical space and are having no difficulties hiring additional staff.
DCist
July 28, 2020
A separate analysis from the left-leaning Economic Policy Institute projected that reducing federal unemployment benefits by $400 would cost the US 3.4 million jobs and shrink the economy by 2.5% over the next year.
Salon
July 28, 2020
The Economic Policy Institute estimates that a cut in the $600 a week extra unemployment insurance to $200 a week will reduce aggregate demand and cut the number of jobs that were projected to be created. It expects a loss of about 2.5% growth and 3.4 mln fewer jobs. After this week’s FOMC meeting and the first look at Q2 GDP, the US July employment report is due at the end of next week.
Nasdaq
July 28, 2020