“We should be willing to do something we wouldn’t ordinarily do to keep people on the payroll,” said Josh Bivens, research director for the Economic Policy Institute, a left-leaning research group.
Bivens added that while he found some of the 2008 bailout objectionable because aid was flowing to the banks that had been “complicit” in causing the crisis, “that is not the case here. None of these companies caused the pandemic.”
April 8, 2020
Still, the pandemic is having its adverse impacts on tourism, small businesses and the hospitality industry. The Economic Policy Institute estimate Arizona could lose close to 396,000 jobs and see its unemployment rate go to 15.6 percent by July because of the impact of the virus.
Rose Law Group
April 8, 2020
“As long as we do the policy right, we should get a pretty strong recovery,” said Heidi Shierholz, senior economist at the liberal Economic Policy Institute and former chief economist at the Labor Department. “When the lockdown is over, I think we’ll get a pretty decent bounce back.”
Shierholz does not expect a “transformative” change to service sector jobs.
Florida Relators
April 8, 2020
With a record number of new claims filed in the week ending March 21 and even higher numbers the following week, we should be prepared for the unemployment rate to rise. The Economic Policy Institute estimates that Oklahoma will lose more than 200,000 jobs by July – that’s 15.7 percent of our total private-sector employment. Many of those jobs lost will be in the service and hospitality industries, and these workers will not be able to quickly find new jobs.
April 8, 2020
But, Gorman said, some Americans have already reached that proverbial boiling point. Almost 10 million people filed for unemployment over two weeks in March. The Economic Policy Institute estimates that nearly 20 million American workers could lose their jobs by July.
April 8, 2020
The decision has implications for large swaths of the country, as a recent Economic Policy Institute report found an estimated 3.5 million Americans likely lost their employer-provided health insurance in recent weeks. Nearly two-thirds of states rely on the federal health insurance marketplace, including much of red-state America, while six others use the federal platform, which controls eligibility and enrollment functions, to administer their own marketplace, according to the Kaiser Family Foundation.
April 8, 2020
In decision after decision, the NLRB has stripped workers of their protections under the law, restricted their ability to organize at their workplace, slowed down the union election process to give employers more time to campaign against the union, repealed rules holding employers accountable for their actions, and undermined workers’ bargaining rights. (Disclosure: I co-authored a report detailing these rollbacks with my colleagues at the Economic Policy Institute. See “Unprecedented: The Trump NLRB’s Attack on Workers’ Rights.”) One measure of their impact: As of last October, the Chamber of Commerce was 10 for 10 in getting the board to act on the chamber’s recommended changes to weaken workers’ organizing and bargaining rights.
April 8, 2020
Now, more than ever, Brands need to ensure their campaigns reach multicultural audiences in a way that’s culturally relevant and in their language of preference. On March 24, Pew Research Center reported that Hispanics are more likely to see their health and finances be negatively impacted by COVID-19 through lost business and layoffs. While many are working from home during this time of social distancing, doing so is not as feasible for many, particularly Hispanics. According to the Economic Policy Institute, not only are Hispanics more likely to be deemed as essential staff, they are more likely to be in jobs where work cannot be done from home. To make matters worse, Pew also reported that the digital divide is most likely to affect Hispanic and African American communities. While smartphone penetration is at par with non-Hispanic whites, Hispanics and African Americans are 41% more likely to be without a computer at home. This is a stark disadvantage at a time where we have never been more reliant on technology to educate our children, apply for unemployment and other assistance programs, and procure many of the goods and services our families need.
HispanicAd.com
April 7, 2020
The open positions also come as many workers find themselves suddenly without jobs, in some cases without pay and benefits, as a spate of stores close indefinitely. According to the Economic Policy Institute, an estimated three million jobs will be eliminated by this summer alone as a result of the economic impact of the coronavirus. Other figures from IHS Markit show that the US unemployment rate is on track to nearly double from 3.5% in February to 6% by mid-2021.
Business Insider
April 3, 2020