GOBaking Rates compared average unemployment rates over 10 years and five years, employment growth rate changes, employment growth, underemployment rates and ratio of job openings to unemployed people – all from the Bureau of Labor Statistics – in addition to the average labor force participation rate from the Economic Policy Institute, job opening data from Glassdoor, and industry variety by state from the Census Bureau’s American Community Survey.
San Antonio Business Journal
July 18, 2019
“While job growth in May and February of this year was well below trend, strong June job growth is a sign that the economy is not in slowdown as it continues to approach full employment,” said Valerie Wilson of the labor-backed Economic Policy Institute.
The unemployment rate ticked up slightly to 3.7 percent, while the overall labor force participation rate and the share of the population with a job were also relatively unchanged from May.
Bozeman Daily Chronicle
July 18, 2019
Companies like arbitration because it can be faster and cheaper than going through a long, drawn out court proceedings. That can benefit consumers as well. Typically, consumers wait 150 days for a decision in an arbitration case, as opposed to waiting an average of 215 days for a class action lawsuit to wrap up, according to the Economic Policy Institute.
CNBC
July 18, 2019
The Bureau of Labor Statistics (BLS) recently released(link is external) the June Jobs report for 2019. The Nonfarm payroll (NFP) unemployment rate is steady at 3.7% and NFP US jobs increased by 224,000. The Economic Policy Institute explains this increase in jobs(link is external) as representative of economic recovery from the 2009 succession, and other reports convey general relief after low job growth in May.
Workday Minnesota
July 18, 2019
This week, the House is expected to vote on the Raise the Wage Act of 2019 (H.R. 582). The bill would gradually increase the federal minimum wage from the current $7.25 to $15 an hour in 2024, index future minimum wage increases to wage growth, and phase out the subminimum wage for tipped workers, youth workers, and workers with disabilities. Education support professionals, many of whom do not earn a living wage, have played a key role in advocating for higher pay. The last increase in the federal minimum wage was in 2009. According to the Economic Policy Institute, some 40 million Americans—nearly 30 percent of the workforce—would benefit from the increase, with women and workers of color who dominate the ranks of the poorly paid gaining the most. One in five children comes from a household with an annual income below the Census Bureau’s official poverty threshold: $25,100 for a family of four. Send an email urging your senators to cosponsor S. 150 and an email urging your representative in the House to VOTE YES on H.R. 582.
NEA
July 18, 2019
Nowhere in Alabama does the cost of a modest standard of living fall below the cap for subsidized child care. The Economic Policy Institute’s Family Budget Calculator[7] estimates that the annual cost of living for two adults and one child in Huntsville is $63,360, including $430 per month for child care. In Selma, meanwhile, the annual estimated cost of living for the same family size is $56,695, including $387 per month for child care. And in Dothan, the annual estimated cost is $61,005, including $414 per month for child care.
The Good Men Project
July 18, 2019
But even teachers who love what they do, are supported by parents and administrators and can shrug off the less fulfilling parts of the job can feel compelled to find other forms of employment because of the paycheck they are bringing home. Compared to other college-educated professionals teachers are paid poorly, and, according to a study by the left-leaning Economic Policy Institute, about 60 percent of teachers in the United States moonlighted in other jobs to help make ends meet.
Observer Reporter
July 18, 2019
“But even the CBO included scenarios in which no jobs would be lost. Economic Policy Institute economist Ben Zipperer says it’s an acknowledgement that raising the minimum wage hasn’t proven to be as dangerous as researchers once feared. He added that the CBO’s median estimate nonetheless appears overly pessimistic.”
“’While they are acknowledging some of the research,’ Zipperer said, ‘I think they are drawing on older research that the new research has pointed out is problematic.’”
NPR
July 18, 2019
With too-little policy support, it should come as unsurprising that the number of families classified as working poor has grown dramatically, with one-third of Americans earning less than $12 an hour, according to a 2016 report by Oxfam America and the Economic Policy Institute.
The Fayetteville Observer
July 18, 2019
Full disclosure: I’ve long advocated for minimum wage increases, so my “embrace” won’t surprise those who’ve followed that work. But the reason why I—and, more importantly, progressive institutions like the Economic Policy Institute, CBPP, CAP, and many others—have long advocated for minimum wage increases is that a deep body of uniquely high-quality research finds that prior increases have had their intended effects of raising low-wage workers’ incomes without leading to significant job loss.
United Steelworkers
July 18, 2019