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.
Black Hills Pioneer
May 11, 2020
However, the Economic Policy Institute (EPI) estimates that figure is far lower than the true number of Americans out of work. Nearly 14 million additional people could have filed if unemployment processes were easier, EPI calculates.
The Daily Chronicle
May 11, 2020
As grave as this is, the Economic Policy Institute estimates that the COVID-19 pandemic may have prevented 30 percent to 40 percent of qualified applicants from claiming unemployment benefits. In addition, EPI analysts calculate that since March 15, between 8.9 million and 13.9 million people who could have filed for unemployment didn’t.
Noozhawk
May 11, 2020
We have innovation, but also, people like their employer-sponsored health insurance. It’s, like, well, now we have twenty million people who don’t have that anymore. [By mid-April, twenty million Americans lost their jobs, and an estimate by the Economic Policy Institute suggests that roughly nine million Americans lost their employer-provided health insurance.] I think all those critiques were compelling to me. There was a certain portion of the Sanders folks who, I think, thought that, if they were able to win a narrow factional battle, they could essentially seize the palace, and that’s not how it works. They just didn’t convince enough people, and sometimes it felt like they were not trying.
The New Yorker
May 11, 2020
“Money spent on continuing crucial unemployment insurance provisions will help avoid a prolonged period of high unemployment that will do far more serious and persistent damage to the economy,” wrote economic research director Josh Bivens and policy director Heidi Shierholz of the left-leaning Economic Policy Institute in a Monday post.
The Hill
May 11, 2020
Josh Bivens and Heidi Shierholz of the Economic Policy Institute wrote that the extra $600 “has been by far the most effective part our economic policy response to the coronavirus shock.” It would have been better to cap the benefit at 100% of pre-crisis wages “up to a quite generous maximum benefit,” but “decades of disinvestment in the administrative capacity” of state unemployment offices left them incapable of calculating a flexible amount with a 100% replacement rate.
SF Gate
May 11, 2020
States are going bankrupt and beginning to implement brutal austerity measures. A report from the Economic Policy Institute earlier this month found that 50 percent more people are unemployed than have even been able to file for unemployment benefits—the result of overburdened application systems and onerous restrictions. Millions who have filed for benefits have not received anything.
World Socialist Web Site
May 11, 2020
Now, if you plan of staying at home until July, then there is a chance the job (or jobs) that you are being offered now may not be available then. There are expectations of a tight labor market through the end of the summer. The Economic Policy Institute estimates an unemployment rate of 15.6% in July. In comparison, the highest unemployment rate at the time of the Great Recession was 10% in October 2009.
Value Walk
May 11, 2020
“The way a recession can really hurt people just starting out can have lasting effects,” Heidi Shierholz, a senior economist and the director of policy at the Economic Policy Institute, previously told Business Insider. “There’s a lot of evidence that the first postgrad job you get sets the stage in some important way for later.”
Business Insider
May 11, 2020