“The unemployment rate rose for the right reason, last month as well as over the last year,” says Elise Gould, senior economist at the Economic Policy Institute. “More people keep getting pulled in off the sidelines, as we get closer to full employment.”
Gould says the nation’s jobless rate has been either at or below 4% for nearly two full years.
MoneyWise
February 11, 2020
NPR
February 11, 2020
Moreover, manufacturing and construction job growth has slowed, says Elise Gould, a senior economist at the Economic Policy Institute, which focuses on low- and middle-income workers. Over the past six months, factories have created just 3,000 jobs. Data released on Friday from the Labor Department showed factories shed 12,000 workers in January. Construction hiring rose, thanks to mild weather, but that trend is cooling as builders report labor shortages.
Barron’s
February 11, 2020
The Economic Policy Institute reported the underemployment rate to be 11.1% in 2018. So that means of the 63% of Americans who ARE working, 10% of them (at least) are working part-time when they want and need full-time jobs.
MediaPost
February 11, 2020
In 2016, in testimony given to a U.S. Senate subcommittee meeting on the proposed expansion of guest worker programs, Economic Policy Institute associate and Rutgers University professor Hal Salzman explained that colleges and universities in the U.S. “graduate twice the number of STEM graduates as find a job each year.” About two-thirds of STEM degree graduates end up employed in jobs that don’t require STEM degrees, he added.
Salon
February 11, 2020
But we never caught back up after 2008. And, as the Economic Policy Institute persuasively argues, our government’s aberrant decision to cut spending is largely responsible for that fact. “If government spending had increased by 11.7 percent, as it did during the Bush recovery of 2001–2007, the present expansion, which was constrained by a 6.1 percent decline in government spending, would easily have exceeded the size of the Bush expansion,” EPI economist Robert E. Scott writes. “If government spending had increased by 33.5 percent, as it did during the Reagan recovery (1982–1990), then the Obama recovery would surely rank as one of the strongest on record.”
New York Magazine
February 11, 2020
Spending $1 billion on child care may sound like a lot, but it’s only about a 4.5% increase in federal funding. Public spending to fund early child care and education is about $34 billion, with the federal government kicking in about $22.2 billion and state and local municipalities spending about $11.8 billion, according to the most recent data progressive think tank Economic Policy Institute sourced from the Organization for Economic Co-operation and Development in 2017.
CNBC
February 11, 2020
For Americans in the lower part of the spectrum, income has generally outpaced inflation by only a slight margin since 1974, according to data collected by the left-of-center Economic Policy Institute shows inflation-adjusted data for wages going back to 1973.
NBC 6 Miami
February 11, 2020
The trade deal with China is definitely a step in the right direction for the Trump administration. But only after taking several steps backwards! Like a broken clock Donald Trump has been complaining about trade imbalances since the 1980s, first with Japan and now with China. Global trade with China has been growing steadily. In a recent study, The Economic Policy Institute reported little over a 4 fold increase in imports from China (120B-540B) and a greater than a 6 fold increase in exports to China (19B-120B).
India Currents
February 11, 2020
El Economic Policy Institute, un grupo de expertos no partidista, publicó esta semana un nuevo informe sobre el empleo en el sector público en Virginia, que es uno de los tres estados que niega a todos sus trabajadores del sector público la libertad de negociar colectivamente.
El Tiempo Latino
February 11, 2020