Meanwhile, here in early July, the coronavirus pandemic is still setting national caseload records, and weekly unemployment claim totals have over the last 15 consecutive weeks run more than twice as high, the Economic Policy Institute reports, as the worst jobless claim week of the Great Recession.
Inequality.org
July 6, 2020
Exposing as a fraud the claim that the supplemental benefit is keeping workers from returning to work, new research by the Economic Policy Institute (EPI) published on June 29 shows that some 17.6 million workers have no prospect of returning to a job at all.
World Socialist Web Site
July 6, 2020
La tasa de desempleo oficial fue del 13.3% en mayor y eso deja fuera a los que como los indocumentados no figuran en las estadísticas. Aproximadamente el 11% de la fuerza laboral del país está desocupada y sin posibilidad de recuperar su empleo anterior, según cálculos del centro de estudios Economic Policy Institute (EPI)
El Diario
July 6, 2020
For reference, the general CEO-to-typical-worker compensation ratio has increased exponentially in the last 50-plus year and was 278-to-1 — including stock options — in 2018, according to data from the Economic Policy Institute. In 1965, it was much smaller at 20-to-1.
Yahoo Finance
July 6, 2020
Data compiled by the Economic Policy Institute (EPI) shows that white workers on average routinely bring home a higher hourly wage than their Black and Hispanic counterparts. The pattern holds for most education levels, including those with a college degree. White workers in that group outpace Black workers by more than $7 per hour on average. “The wage gap has actually grown over the last couple decades,” said Valerie Wilson, the director of the Program on Race, Ethnicity, and the Economy at EPI.
Spectrum News
July 6, 2020
The Economic Policy Institute finds that 65% of companies with more than 1,000 employees have mandatory arbitration procedures — meaning workers must settle employment disputes through a private mediation system, out of the public eye.
Marketplace
July 6, 2020
David Cooper of the Economic Policy Institute says minimum-wage workers will actually spend the extra money – maybe on things like movie tickets.
“Raising the minimum wage is one of the simplest and most straightforward ways to get money into the hands of people that are very likely to go out and spend those dollars right away,” he said.
Marketplace
July 6, 2020
“This report may be a kind of high point,” said Heidi Shierholz, a former Labor Department chief economist now at the Economic Policy Institute. Moreover, she noted that significant portions of the federal government’s pandemic relief package are scheduled to expire in a few weeks.
LA Times
July 6, 2020
These unemployment rates are substantially higher than for white workers, who saw their unemployment rate drop to 10.1 percent in June. The unemployment rate for Black men is now at its highest point in this recession, rising last month to 16.3 percent in June, notes Elise Gould of the Economic Policy Institute (EPI).
Forbes
July 6, 2020
Last week, the Economic Policy Institute released a study that showed that unemployment benefits were making up a record percentage of American household income. This was largely due to the increased unemployment benefit provided by the federal CARES Act, which has added $600 a week to state unemployment benefits. These benefits have been a lifeline for tens of millions of Americans throughout the coronavirus recession and have powered much of the consumer spending during this time.
New York Observer
July 6, 2020