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Unemployment insurance benefits cuts did not force people back to work, research by the Economic Policy Institute found. The July state employment and unemployment data released Friday by the Bureau of Labor Statistics (BLS) showed that the strong job growth reported earlier this month in the national jobs data was widespread throughout the country. And, notably, the states that chose not to cut pandemic […]
Continue reading …America’s Social Security safety net turns 86 this month. The Social Security Act of 1935 enacted by the 74th United States Congress and signed into law by US President Franklin D. Roosevelt, Aug. 14, 1935 The law created the Social Security program as well as insurance against unemployment. The law was part of Roosevelt’s New […]
Continue reading …By Asha Banerjee, Jaimie Worker, and Dave Kamper, EPI Working Economics Blog Last month, we at the Economic Policy Institute submitted a public comment on the U.S. Department of the Treasury’s guidance regarding the . These funds are part of the American Rescue Plan (ARP) Act’s resources for state and local communities to respond to the public health and economic crisis. […]
Continue reading …The Hufcor plant in Janesville, Wisconsin was profitable before investors gobbled it up. Now it’s the latest highway robbery by private equity. By Elisa McCartin | July 21, 2021 This spring, 166 workers in Janesville, Wisconsin awoke to a nightmare. OpenGate Capital, the private equity firm that owns their employer, Hufcor, announced it was moving […]
Continue reading …Data from the Job Openings and Labor Turnover Survey (JOLTS) highlight the effects of the coronavirus disease 2019 (COVID-19) pandemic and the results of efforts to mitigate its spread in 2020. With the challenges of the pandemic, many of the JOLTS data elements experienced shocks early in the year before returning to previous trends. Data […]
Continue reading …Australia, Italy, and Germany Lead a Month of Robust Recovery Following the devastation of the Great Recession, job markets around the world are finally showing signs of life. Job markets improving in a number of advanced economies, according to a new report, according to unemployment rates and employment growth data compiled and standardized by The […]
Continue reading …By Emily Schwartz Greco and William A. Collins – The Great Recession leveled a blow to the middle and working classes from which they haven’t yet recovered. Given that labor’s pay and prestige in America peaked in the 1960s, this isn’t exactly new. Still, it’s time that all our leaders took this challenge more seriously. After all, we don’t just […]
Continue reading …By Michael Grabell ProPublica– For nearly six years, Limber Herrera has toiled as a temporary worker doing the same work for the same company in Mira Loma, Calif. About 40 hours a week, he unloads shipping containers for NFI2014one of the largest freight distribution firms in America2014moving goods that will eventually stock the shelves of […]
Continue reading …For Now, Jobs Remain Scarce — But an Aging Population and the Recession’s Aftermath Are Poised to Create Widespread Labor Shortages and an Historic “Seller’s Market” for Skilled Workers American workers have endured six years of depleted wealth, stagnant wages, and general insecurity. But their fortunes are about to change, according to a surprising new […]
Continue reading …By ANDREW DUGAN, Gallup— Nearly four years after the end of the Great Recession, fewer Americans are watching what they spend. The percentage of Americans who say they are “spending less money” has fallen to 41%, down from a high of 57% in 2010. Meanwhile, 26% of Americans say they are spending more money than […]
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