“In today’s gradually reopening coronavirus economy, hires (or rehires) are now outpacing job losses, but we are still seeing a huge number of people losing jobs,” Heidi Shierholz, senior economist at the Economic Policy Institute, wrote in a blog post. Shierholz added that the recession is going to “exacerbate existing racial inequalities by causing greater job loss in Black and Hispanic households than in white households.”
CBS News
June 22, 2020
While some argue that these symbols are Southern heritage, research has shown that these symbols are related to historically racist acts. Specifically, research has found that the same areas that lynched more Blacks in the past also have more Confederate streets today. Additionally, all other factors equal, Blacks who reside in areas with more Confederate streets are less likely to be employed, more likely to be employed in lower-paying occupations and have lower wages compared to whites. Furthermore, these results extend to other minority groups: Asians, Hispanics, and foreign-born individuals also have worse economic outcomes compared to whites in these areas.
The Brookings Institution
June 22, 2020
“The missing piece is hiring,” said Heidi Shierholz, a former Department of Labor economist and director of policy at the Economic Policy Institute, in a blog post. “If there are a large number of layoffs, there can still be job growth if there is also a lot of hiring (or rehiring). In today’s gradually reopening coronavirus economy, hires (or rehires) are now outpacing job losses, but we are still seeing a huge number of people losing jobs.”
Sinclair Broadcast Group
June 22, 2020
The report is a drab reminder of the poor employment landscape, despite a stunning jobs report that showed nonfarm jobs rose by 2.5 million in May. “We would need to see the same level of job growth for months and months and months to fill in the current jobs deficit,” said Heidi Shierholz, a senior economist at the Economic Policy Institute.
Courthouse News Service
June 22, 2020
New research by the Economic Policy Institute connects the murder of George Floyd to a much older history of extrajudicial murder by the country’s “law enforcement” agents and other white enforcers of the color line:
Salon
June 22, 2020
“All in all, today’s UI [unemployment insurance] data highlight the deep recession we are now in,” Heidi Shierholz, senior economist and director of policy at the Economic Policy Institute, wrote in a Thursday morning blog post.
Newsweek
June 22, 2020
While some companies are rehiring as states loosen restrictions and the number of initial claims dropped slightly, the 1.5 million people who applied for benefits was still historic. “It’s still more than twice the worst week of the Great Recession,” Heidi Shierholz, director of policy at the liberal-leaning Economic Policy Institute, told the New York Times.
Route Fifty
June 22, 2020
Approximately 28 percent to 47 percent of private-sector workers were subject to non compete agreements in 2017, according to the Economic Policy Institute. This just goes to show just how common non compete agreements really are.
Ladders
June 22, 2020
In their memo on the ad, the GOP campaign also sent articles that stated that the U.S.-Korea trade deal from 2012, supported by the chamber, led to a more than doubling of the U.S. goods trade deficit, according to Reuters, and “more than 95,000 lost U.S. jobs,” according to an analysis from the union-backed Economic Policy Institute in 2016. (The White House said in 2018 that the goods trade deficit grew by 75 percent under the 2012 agreement.) The biggest source of the trade deficit was related to car sales, according to Vox in 2018.
Politifact
June 22, 2020
The additional $600 a week in federal unemployment benefits, included in the CARES Act, is set to end July 31. That means the unemployed will have to rely solely on state weekly benefits averaging $370, according to Goldman Sachs estimates.
“A huge share of jobless people will be forced to exist on much less than what they had before,” says Heidi Shierholz, an economist at the left-leaning Economic Policy Institute.
USA Today
June 22, 2020