“At the low end, the jobs losses in April will most certainly have cancelled out all of the gains in the recovery from the Great Recession,” Elise Gould, a senior economist with the Economic Policy Institute, wrote in a blog post. “At the high end, we will have returned to a level of employment last experienced in the mid-1990s, canceling out all of the gains in employment over the last 25 years.”
USA Today
May 8, 2020
Lydia Boussour, senior U.S. economist for Oxford Economics, expects the report to show even more job losses — 28 million. She cites an Economic Policy Institute analysis noting that as many as 14 million Americans couldn’t file jobless claims because of swamped phone and computer systems.
Yet she estimates one-third of those laid off left the labor force, pushing the participation rate below 60%, a level that hasn’t been seen in more than 50 years. If those jobless Americans had looked for work, the unemployment rate could soar to upwards of 21%.
USA Today
May 8, 2020
ZARROLI: Yeah. I mean, we are seeing fewer job losses every week. That’s a good sign. Last week, we saw 3.2 million jobs lost, which was about half of what it was at the end of March. But the numbers are still high. I talked with Elise Gould, who is a senior economist at the Economic Policy Institute, which is sort of a left-leaning think tank. She says we’re going to continue to bleed jobs for a while.
ELISE GOULD: I think we are not near the peak yet. I think we are still going to see additional job losses show up in the data for May, for June. Unfortunately, I don’t think this has gotten as bad as it will get yet.
NPR
May 8, 2020
The Economic Policy Institute estimates that nearly 13 million Americans have likely lost their employer-sponsored health insurance so far.
NPR
May 8, 2020
A survey by the Economic Policy Institute found that for every 100 workers who filed for unemployment insurance, 37 additional workers tried to apply but could not connect with the unemployment benefits system to make a claim.
Houston Chronicle
May 8, 2020
“At the low end, the jobs losses in April will most certainly have cancelled out all of the gains in the recovery from the Great Recession,” Elise Gould, a senior economist with the Economic Policy Institute, wrote in a blog post. “At the high end, we will have returned to a level of employment last experienced in the mid-1990s, canceling out all of the gains in employment over the last 25 years.”
USA Today
May 8, 2020
As many as 14 million Americans who could qualify for some type of unemployment compensation are not receiving assistance, according to a survey published April 28 by the Economic Policy Institute.
Freeman South Dakota Freeman
May 8, 2020
Lydia Boussour, senior U.S. economist for Oxford Economics, expects the report to show even more job losses — 28 million. She cites an Economic Policy Institute analysis noting that as many as 14 million Americans couldn’t file jobless claims because of swamped phone and computer systems.
Yet she estimates one-third of those laid off left the labor force, pushing the participation rate below 60%, a level that hasn’t been seen in more than 50 years. If those jobless Americans had looked for work, the unemployment rate could soar to upwards of 21%.
USA Today
May 8, 2020
ZARROLI: Yeah. I mean, we are seeing fewer job losses every week. That’s a good sign. Last week, we saw 3.2 million jobs lost, which was about half of what it was at the end of March. But the numbers are still high. I talked with Elise Gould, who is a senior economist at the Economic Policy Institute, which is sort of a left-leaning think tank. She says we’re going to continue to bleed jobs for a while.
ELISE GOULD: I think we are not near the peak yet. I think we are still going to see additional job losses show up in the data for May, for June. Unfortunately, I don’t think this has gotten as bad as it will get yet.
NPR
May 8, 2020