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** States will see more job loss if unemployment benefits expire ([link removed])
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A note from EPI’s Kirstyn Flood ([link removed]) : What seemed like an economic upswing in May and mid-June hasn’t even begun to fill the mammoth losses in jobs during March and April. And as coronavirus cases around the country rise, more trouble is on the horizon. EPI experts weigh in on what to expect, and also how many jobs could be lost due to the expiration of unemployment benefits and what policymakers must do to aid working families.
** Interactive map shows job loss in each state over the next year if the $600 weekly unemployment benefit expires ([link removed])
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Check out EPI’s new interactive map ([link removed]) to see the projected job loss in your state if the $600 weekly unemployment insurance (UI) increase expires. The map accompanies our recent analysis ([link removed]) on the negative economic impact of cutting off this unemployment benefit. Explore the map » ([link removed])
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** Interactive map shows job loss in each state over the next year if the $600 weekly unemployment benefit expires
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** Hires up, layoffs down, but more economic pain is on the horizon ([link removed])
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Last week, the Bureau of Labor Statistics (BLS) reported that, as of the middle of June, the economy was still 14.7 million jobs below ([link removed]) where it was in February. Yesterday’s BLS Job Openings and Labor Turnover Survey (JOLTS) reports that the labor market was down 13.1 million jobs at the end of May. Even with the measurable gains in May and the increases to payroll employment and declines in unemployment in the jobs data through mid-June, the recovery thus far has just begun to fill in the mammoth losses of March and April. Unfortunately, more trouble is on the horizon as coronavirus cases continue to rise, states begin to re-shutter, and unemployed workers face further economic devastation when the unemployment insurance enhancements expire
([link removed]) on July 25. Without further aid to workers and their families, as well as to state and local governments, the economic pain will be with us for a very long time. Read the blog post » ([link removed])
** Two months of gains, but a huge jobs deficit remains, and deepening pain is on the horizon ([link removed])
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Last week’s jobs report from the Bureau of Labor Statistics shows two months in a row of payroll employment gains, an increase in jobs of 4.8 million in June on top of 2.7 million in May. But, because so many jobs were lost in March and April, we are still 14.7 million jobs below where we were in February, before the pandemic spread. Additionally, unemployment insurance claims data released July 2 showed that during the week ending June 27, 2.3 million workers applied for unemployment benefits. It was the 15th week in a row that unemployment claims were more than twice the worst week of the Great Recession. The data all point to more trouble to come. We are not unambiguously on an upward trajectory. Policymakers must provide safeguards so that workers and their families can heed the advice of health experts without sacrificing their economic well-being. Read the economic indicator »
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** Upcoming webinar
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** Reconstruction 2020: Valuing Black Lives and Economic Opportunities for All ([link removed])
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Join the Economic Policy Institute (EPI) as we examine why policy must be changed in order to reverse the nation’s culture of anti-Blackness and the economic inequality surrounding it. EPI Distinguished Fellow Richard Rothstein will discuss his book, The Color of Law ([link removed]) , followed by a panel discussion on reshaping the country into one that values Black lives and bolsters economic opportunities for all. Register for the webinar » ([link removed])
As a preview to the webinar, check out this short animated film ([link removed]) , “Segregated by Design,” based on Rothstein’s book, which examines the forgotten history of how our federal, state, and local governments unconstitutionally segregated every major metropolitan area in America through law and policy. Watch the film » ([link removed])
** Previous webinars
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** EPI panel calls for aid to state and local governments to mitigate COVID-19 economic fallout ([link removed])
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EPI hosted a bipartisan panel ([link removed]) on June 1 of the nation’s top economists to discuss the urgent need for federal aid for state and local public services—including public safety, health, and education—to mitigate the economic harm caused by the coronavirus pandemic. The group of panelists, moderated by EPI President Thea Lee, took media questions about the state of our economy and discussed the importance of adequate aid to individuals, businesses, and state and local public services to speed and sustain a robust recovery. Watch the video » ([link removed])
** Rebuilding the house that anti-Blackness built in our COVID response ([link removed])
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COVID-19 is acting as a magnifying glass to the deep-seated systemic inequities ever-present in the United States. EPI hosted a webinar ([link removed]) on June 1 with the Insight Center; the Women’s Institute for Science, Equity and Race; the Mississippi Workers’ Center for Human Rights; and Economic Education. The webinar included findings from EPI’s new report ([link removed]) on Black workers, followed by a discussion on strategies to build an inclusive economy that centers on the needs of Black and Brown women and their communities. Watch the video » ([link removed])
** Panel looks beyond the pandemic to a just transition ([link removed])
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EPI President Thea Lee joined a panel of experts on May 27 for a discussion ([link removed]) of life after the economic crisis and what we must do to ensure a just transition. Lee; Robert Pollin, co-director of the Political Economy Research Institute; and Noam Chomsky, renowned linguist, historian, and philosopher, discussed their projections of how the crisis will unfold in the months and years to come. This webinar is a part of the Just Transition Listening Project ([link removed]) , launched by the Labor Network for Sustainability and partners. Watch the webinar » ([link removed])
** Authors of From Here to Equality: Reparations for Black Americans in the Twenty-First Century make their case ([link removed])
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EPI hosted authors William A. Darity Jr. and A. Kirsten Mullen on May 27 for a discussion ([link removed]) of From Here to Equality: Reparations for Black Americans in the Twenty-First Century ([link removed]) . Through their assessment of the intergenerational effects of white supremacy on Black economic well-being, Darity and Mullen confront the injustices of slavery, Jim Crow, and modern-day discrimination to make the most comprehensive case to date for economic reparations for U.S. descendants of slavery. EPI economist Valerie Wilson moderated the discussion. Watch the video » ([link removed])
** EPI in the news
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EPI Economist Jhacova Williams joined the hosts of Yahoo Finance ([link removed]) to discuss the economic costs of racist symbols and the role structural racism has had in shaping society, citing her research on Black workers ([link removed]) and voter suppression ([link removed]) . | Jhacova Williams on the Economic Cost of Racist Symbols ([link removed])
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The Brookings Institution ([link removed]) published a piece by Williams on society’s response to urges from the Black community to remove Confederate symbols. | Our Calls to Remove Racist Symbols Are Finally Being Heard ([link removed])
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The Tennessean ([link removed]) published an op-ed by EPI Director of Research Josh Bivens, in which he urges the federal government to provide support for Tennessee, citing EPI research on federal aid ([link removed]) , the coronavirus economy ([link removed]) , and public investment ([link removed]) . | To Revive Tennessee’s Economy, Federal Government Assistance Is a Must ([link removed])
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EPI’s recent economic indicator ([link removed]) is cited in a Forbes ([link removed]) article on economists’ call for increased government aid to support working families during the current—and future—economic downturn. | Economists Call for Household Stimulus Checks Until Full Recovery ([link removed])
Follow EPI on Instagram ([link removed])
** What we’re reading
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** As Monuments Fall, How Does the World Reckon with a Racist Past? ([link removed])
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RICHMOND, VIRGINIA’S CITY hall was packed on July 17th, 1995 with people who had come from as far away as Florida for a hearing on a proposed monument to the late Arthur Ashe, an African American tennis champion and humanitarian who was born in the city. Read more » ([link removed])
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How the American Worker Got Fleeced ([link removed])
Amazon.com Inc. fired Emily Cunningham a little before the end of Good Friday, though the human resources rep put it a little differently. Read more » ([link removed])
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‘Are You Ready to Go Back?’ After Covid-19, a Poultry Worker Fears a Return to Work. ([link removed])
GEORGETOWN, Del. — The poultry plant worker pulled into the clinic’s parking lot to find it full of people in face masks. Read more » ([link removed])
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Interactive map tracks job loss by state if unemployment benefits expire
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