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** Rebuilding U.S. manufacturing is key to rebuilding the economy ([link removed])
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A note from EPI’s Kirstyn Flood ([link removed]) : It’s time for rebuilding—rebuilding the U.S. manufacturing sector and rebuilding the economic foundation collapsing under COVID for so many workers in this country. Policymakers, politicians, and advocates are considering a host of options when it comes to what it will take to rebuild the economy, but what’s the best way forward? EPI experts weigh in on manufacturing, job loss, and unemployment.


** We can reshore manufacturing jobs, but Trump hasn’t done it ([link removed])
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A new report ([link removed]) finds that President Trump’s trade policies have failed to curb offshoring—and they have not addressed the root causes of America’s growing trade deficits and the decline of American manufacturing. In addition to the Trump administration’s overall weak trade agenda, COVID-19—and the administration’s mismanagement of the crisis—has wiped out much of the last decade’s job gains in U.S. manufacturing. Report author Robert Scott explains urgently needed policy solutions to rebuild the decimated manufacturing sector, which will be essential to the coronavirus economic recovery. Restructuring and rebuilding the economy will require rebalancing of U.S. trade as well as massive public investments in infrastructure, clean energy, training, research and development, and the implementation of other industrial policies. Read the report »
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** We can reshore manufacturing jobs, but Trump hasn't done it
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** The bounceback deflates ([link removed])
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Last week’s jobs report from the Bureau of Labor Statistics shows three months in a row of payroll employment gains, an increase in jobs of 1.8 million in July on top of 4.8 million in June and 2.7 million in May. But, because so many jobs were lost in March and April, we are still 12.9 million jobs below where we were in February, before the pandemic spread. The slowdown in jobs gained is likely due to a resurgence of the coronavirus and re-shuttering in parts of the country. Federal policymakers need to act now to reinstate the $600 unemployment insurance benefits to the 30+ million workers who are desperately trying to make ends meet. And, those benefits are supporting a huge amount of spending, which means, without it, the loss of about five million jobs ([link removed]) . Federal policymakers also need to
provide massive fiscal relief ([link removed]) to state and local governments so they can continue to provide necessary services and prevent unnecessary cuts to their budgets as their revenue falls. Read the economic indicator » ([link removed])


** Unemployment insurance claims remain historically high ([link removed])
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Republicans in the Senate allowed ([link removed]) the across-the-board $600 increase in weekly UI benefits to expire. For the first time, two weeks ago, recipients did not get the extra $600 payment. That means people on UI benefits who lost their job during a global pandemic are now are forced to get by on around 40% of their pre-virus earnings, causing enormous pain. Republicans in the Senate are proposing to (essentially) replace the $600 with a $200 weekly payment. That $400 cut in benefits is not just cruel, it’s terrible economics. These benefits are supporting a huge amount of spending by people who would otherwise have to cut back dramatically. The spending made possible by the $400 that the Senate wants to cut is supporting 3.4 million jobs
([link removed]) . If you cut the $400, you cut those jobs. Slashing the $600 also exacerbates racial inequality. Due to the impact of historic and current systemic racism, Black and brown communities are suffering more from this pandemic, and have less wealth to fall back on. They will take a much bigger hit if the $600 is cut. This is particularly true for Black and brown women and their families, because in this recession, these women have seen the largest job losses of all. Read the blog post » ([link removed])


** Upcoming webinar
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** The Way Out Through State and Local Aid: A bipartisan panel of the nation’s top economists ([link removed])
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Join the Economic Policy Institute (EPI) Friday, August 14 for a bipartisan economists’ panel ([link removed]) on the urgent need for substantial state and local aid as part of the next coronavirus relief package. Experts will address the pluses and minuses of legislation proposed by House Democrats and Senate Republicans and discuss a broader set of economic issues caused by the coronavirus pandemic. EPI President Thea Lee will open with introductory remarks, followed by a panel discussion moderated by Washington Post reporter Heather Long. Register for the webinar » ([link removed])


** Previous webinars
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** Book event: Let Them Eat Tweets: How the Right Rules in an Age of Extreme Inequality ([link removed])

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To keep the gravy train going for mostly white one-percenters and prop up the plutocracy, political leaders are using toxic populism with a racially infused culture-war strategy to stay in power—a strategy led by Trump and playing out daily in his tweet storms, according to political scientists and authors of Let Them Eat Tweets ([link removed]) Jacob S. Hacker and Paul Pierson. Hacker and Pierson discussed their book, followed by a panel of EPI experts who talked about what can be done to derail this distorted political influence by the rich and derail rising inequality. EPI President Thea Lee moderated. Watch the video » ([link removed])


** Reconstruction 2020: Valuing Black Lives and Economic Opportunities for All ([link removed])
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EPI hosted a panel ([link removed]) of experts on why policy must be changed to reverse the nation’s culture of anti-Blackness and the economic inequality surrounding it. EPI Distinguished Fellow Richard Rothstein discussed his book The Color of Law ([link removed]) , followed by a discussion on reshaping the country into one that values Black lives and bolsters economic opportunities for all. Watch the video » ([link removed])


** EPI in the news
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EPI Senior Economist Elise Gould joined the hosts of Bloomberg’s “What’d You Miss?” ([link removed]) to discuss her analysis on the latest jobs report, which can be found in her recent economic indicator ([link removed]) . | ‘What’d You Miss?’ Full Show ([link removed])
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Gould also spoke about the millions of people who are out of work—but are not officially counted as “unemployed”—on Marketplace ([link removed]) . | 30 Million? 18 Million? How Many Americans Are Out of Work Right Now? ([link removed])
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The Hill ([link removed]) quoted EPI Director of Research Josh Bivens in an article about the Trump administration’s plans to place the fiscal burden of the coronavirus recession onto states. | Governors Air Frustrations with Trump On Unemployment Plans ([link removed])
Follow EPI on Instagram ([link removed])


** What we’re reading
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** The Legal Questions Surrounding Trump’s New Executive Orders, Answered ([link removed])
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On Saturday, President Donald Trump signed four memorandums and executive orders that, he claimed, would provide relief to Americans struggling financially during the Covid-19 pandemic. Read more » ([link removed])

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Here’s How College Students Can Angle for More Financial Aid as Pandemic Hits Pocketbooks ([link removed])

It’s an annual part of the college process. Every year, families fill out the Free Application for Federal Student Aid, or FAFSA. Read more » ([link removed])

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Reshoring manufacturing jobs that the Trump administration couldn’t
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