Progressive analysts at the Economic Policy Institute predict jobless figures will only get worse, especially for low-wage workers, women workers, and workers of color. “The May jobs number is going to be grim,” EPI Policy Director Heidi Shierholz predicted.
People's Weekly World
May 15, 2020
In just two weeks, the number of Americans estimated to have lost their health insurance as a result of the coronavirus pandemic grew by nearly four million, according to the Economic Policy Institute.
EPI estimates that 16.2 million workers overall have lost the insurance they carried through their employer since March, when the coronavirus forced industries across the country to shut down, laying off and furloughing tens of millions.
The think tank previously estimated in research published at the end of April that 12.7 million people had lost their employer-based insurance.
Common Dreams
May 15, 2020
States nationwide are bracing for significant budget cuts as demand for government services increases while tax revenue plummets because of a drop in economic activity. The Economic Policy Institute, a left-leaning think tank, said earlier this week that state and local governments could experience revenue shortfalls of nearly $1 trillion by 2021. Nearly 1,000 firefighters have already been furloughed or laid off nationwide, according to the International Association of Fire Chiefs, with 30,000 more possible this year or next.
The Washington Post
May 15, 2020
“The Economic Policy Institute earlier this week estimated that the current claims level probably undercounts by as much as 12 million those who are eligible for benefits but not getting them due to the inability to file or other roadblocks,” CNBC reported last month.
The Daily Wire
May 15, 2020
That’s because some of the hardest hit sectors of the economy are dominated by women, and particularly Latinas. Hospitality, retail and health care have all seen big job losses that have left Latinas vulnerable, says Elise Gould with the Economic Policy Institute.
“The unemployment rate for Hispanic women sits at 20.2%,” Gould said. “That’s 1 in 5 Hispanic women are now unemployed.”
Marketplace
May 15, 2020
Heidi Shierholz at the Economic Policy Institute notes: “Many of the jobs that have been lost in this recession are low-wage service, retail sales, and office jobs. Because of things like occupational segregation, discrimination, and other labor market disparities, women and black and Hispanic workers are more concentrated in these jobs and as a result are facing greater job loss.”
Daily Kos
May 15, 2020
With more than 15 million Americans out of work, the nation’s overall unemployment could hit nearly 16 percent by July, according to estimates released by the Economic Policy Institute. That rate would be greater than any other jobless figures recorded since the 1930s.
The Center Square
May 15, 2020