Elise Gould, a senior economist at The Economic Policy Institute, called the data surrounding Hispanic workers a “mild sign” of an improving labor market, but cautioned reading too much into the month-to-month metrics poised for volatility.
The jobless rate among Hispanic workers still lags that of white and Asian workers at 3.4% and 2.8%, respectively. However, it does mark a stark difference from the depths of the Covid-19 pandemic when the group experienced the highest unemployment rate, according to Gould.
“It speaks to the resilience of the labor market,” she said. “Even in the face of rising interest rates, to be able to stay strong, and have it stay strong for so long that you’re really pulling in many historically marginalized groups back into the labor market.”
CNBC
October 13, 2023
Unemployment, for example, is higher among Black and Hispanic workers according to a 2023 report by the Economic Policy Institute. Median earnings for women in 2022 were 83 per cent of the median for men, data from the U.S. Bureau of Labor Statistics shows, and women, particularly women of color, are less likely to hold executive positions.
Longmont Leader
October 13, 2023
The Economic Policy Institute estimated that in 2022 the United States’ unionized workforce increased by 200,000 and tens of millions of workers wanted to join a union but couldn’t. Nonunion jobs are being added to the workforce at a faster rate than union jobs. The nation requires an army of young union organizers to compensate for decades of decline in unionization, and currently most schools do not educate children on how they can organize their workplaces when employed.
LA Progressive
October 13, 2023
Several factors contribute to the higher jobless rates among black Americans. Racism and single-adult households, where one person must balance childcare and full-time employment, are among the primary reasons, according to the Economic Policy Institute.
24/7 Wall Street
October 13, 2023
Fain spoke earlier Friday at an Economic Policy Institute conference, and said the union has been “complacent for my entire 29 years,” and that it has been a major source of frustration for him.
“This strike is about righting the wrongs of the past and winning justice for all of our members,” added Fain. “Strikes and the threat of strikes by a unified membership are what delivers.”
Barron’s
October 13, 2023
According to an Economic Policy Institute report, “The top 1% earned 14.6% of all wages in 2021 — twice as high as their 7.3% share in 1979. The bottom 90% received just 58.6% of all wages in 2021, the lowest share on record.”
In These Times
October 13, 2023
According to the Economic Policy Institute (EPI), the top 1% of earners take home 21% of all the income in the country. Although a yearly salary of $421,926 is technically enough to punch your ticket to the 1%, the average annual income of the top 1% is $1,316,985.
GO Banking Rates
October 13, 2023
“Are we willing to return to a world where we accept that children of the poorest families are working more than full-time jobs under hazardous conditions?” said Jennifer Sherer, director of the Economic Analysis and Research Network at the nonprofit Economic Policy Institute, according to the article.
Raw Story
October 13, 2023
Fain spoke earlier on Friday at an Economic Policy Institute conference, and said the union has been “complacent for my entire 29 years,” and that it has been a major source of frustration for him. “This strike is about righting the wrongs of the past and winning justice for all of our members. Strikes and the threat of strikes by a unified membership are what delivers.”
Clean Technica
October 13, 2023
The disparity is more severe for Black and Hispanic women, who typically earn 65 cents and 58 cents on the dollar respectively compared to their male counterparts. Women with higher education levels face larger pay disparities, according to the Economic Policy Institute. Meanwhile, women are paid less than men with similar education backgrounds at almost every level, the EPI notes, and may face penalties for taking time out of the workforce for maternity leave or child rearing.
Semafor
October 13, 2023