“A separate analysis released Friday by the Economic Policy Institute reached a similar conclusion,” Estep reports. “It put jobless claims in Kentucky in the eight weeks ending May 2 at 32.3% of the labor force, the highest in the nation.”
The Sentinel Echo
May 13, 2020
The letters, along with a new study on H-1B wage levels, may renew fierce debate over the future of the H-1B visa program. The wage study by the Economic Policy Institute (EPI), a think tank based in Washington, D.C., argues that the government is allowing employers to undercut U.S. workers on pay.
Congressman Burgess
May 13, 2020
According to projections from the Economic Policy Institute, nearly 20 million workers will lose their jobs through furloughs and layoffs by July 2020.1 Further, because many furloughed workers still show up on employer payrolls, even these eye-opening numbers may not capture the full picture of unemployment due to the economic impact of the coronavirus pandemic.
The Balance Careers
May 13, 2020
Nevada, Hawaii, and Montana are three states forecasted to lose the most jobs as a share of their labor force, according to an analysis from the Economic Policy Institute.
Business Insider
May 13, 2020
If there are few full time jobs available many will, quite sensibly, cease looking. The search for a job is itself a financially and psychologically costly endeavor. In such cases an unemployment number that does include involuntary part times and discouraged workers may be considerably higher than the headline number. The Economic Policy Institute calculates that if both of these factors were accounted for the current unemployment rate would be 23.7%
Common Dreams
May 13, 2020
Solis pointed to a March estimate by the Economic Policy Institute that California could lose 600,000 jobs due to the coronavirus.
NBC Los Angeles
May 13, 2020
RISK TO THE STATES — EPI’s Josh Bivens: “The revenue shortfall facing state and local governments stemming from the collapse in economic activity … could reach nearly $1 trillion by the end of 2021. And even at the end of 2021, recent economic projections indicate that unless more relief and recovery is passed, the unemployment rate could still sit at just under 10%.”
Politico
May 13, 2020
“Millennials are likely the ones that are going to be most affected by the pandemic as they are the ones who are likely to have younger kids,” said Economic Policy Institute Senior Economist Elise Gould. “There is a lot of uncertainty right now. Not all schools have closed for the year, but if you don’t know, it is hard to know if you are available [to work].”
LinkedIn
May 13, 2020