It was the 13th-straight week that filings topped 1 million. Until the present crisis, the most new claims in a single week had been 695,000, in 1982.
“It’s still more than twice the worst week of the [the last recession],” said Heidi Shierholz, director of policy at the Economic Policy Institute, a progressive think tank. “It’s a sustained hemorrhaging of jobs unlike anything we’ve seen before.”
Arkansas Democrat Gazette
June 22, 2020
Older workers are less likely than younger ones to have jobs that can be done remotely, according to an analysis from the Economic Policy Institute, a left-leaning think tank. Almost 8 in 10 workers over 65 can’t telecommute, compared with about 6 in 10 between 35 to 44, the analysis found.
USA Today
June 22, 2020
Black-owned businesses were more likely to be in industries hit hard by coronavirus-related restrictions, such as retail and hospitality, according to a study by the Economic Policy Institute, a labor-oriented think tank.
And when some relief finally came in the form of PPP loans for small businesses, Black business owners faced hurdles in getting approval, according to the EPI study. A major hurdle was the lack of preexisting relationships with the larger banks that were first to administer the loans, the study said.
LA Times
June 22, 2020
As we know the economy has been hammered by the COVID-19 shutdowns. Robert Scott is Senior Economist at the Economic Policy Institute, and he says things could get even worse before they get better.
Richard French Live
June 22, 2020
Most students are taught about the Jim Crow-era efforts to keep schools separate and unequal, but fewer probably know contemporary education shows levels of segregation not seen since before the Supreme Court’s 1954 Brown v Board of Education decision. For example, a recent report by the Economic Policy Institute found that black children are five times as likely as white children to attend racially and ethnically segregated schools and twice as likely to attend “high-poverty” schools.
The Washington Post
June 22, 2020
The median wealth of a white family is nearly 12 times that of a Black family, according to the Economic Policy Institute.
NBC News
June 22, 2020
The Economic Policy Institute reports April’s domestic unemployment rate for African-American women across all industries at 16.9%. That’s versus 12.8% for white men. Viewed another way, Pew Research Center has found black female employment declined by 17% from February to May, compared with a 9% drop for white men. Employment for LatinX women, who fill 14% of leisure and hospitality jobs, fell by 21%
Forbes
June 22, 2020
New York City’s top 1 percent, for example, earn average incomes about 40 times higher than the bottom 99 percent, according to the Economic Policy Institute.
Al Jazeera
June 22, 2020
It all goes hand-in-hand with economic subjugation, which is meant to withhold from black Americans the “absolute equality of rights and rights of property” promised on Juneteenth 1865. As the Economic Policy Institute (EPI) reported in 2015, the United States “has a dual criminal justice system that has helped to maintain the economic and social hierarchy in America, based on the subjugation of blacks … public policy, criminal justice actors, society and the media, and criminal behavior have all played roles in creating what sociologist Loic Wacquant calls the hyperincarceration of black men.”
Enid News & Eagle
June 22, 2020
A recent report by the Economic Policy Institute (EPI) found black and Hispanic workers are disproportionately affected by the pandemic, facing greater economic and health insecurity than white workers.
The Caswell Messenger
June 22, 2020