EPI economists cut through the misleading economic noise with charts showing a clear picture of the real economic casualties of COVID-19 and beyond.

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Even before President Joe Biden was sworn into office this week, it was clear that he and his administration would face a series of crosscurrents, competing national crises and global challenges that will demand immediate attention.

The economic shock caused by the COVID-19 pandemic—both the damage it caused and the vulnerabilities it revealed in the U.S. economy—must be addressed if we are to build an economy that works for everyone.

EPI's Top Charts of 2020 ([link removed]) chronicle last year's economic fallout of the pandemic and tell a devastating story—not only about a crisis that has challenged us all, but also about underlying inequalities that have made the crisis so much worse for so many. Take a look at the chart below which gives a snapshot of the economy the Biden administration must confront during their first 100 days in office.
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The number of officially unemployed is undercounted, even in normal times (and is probably worse now). The chart above provides an estimate of the number of workers directly harmed in December by the coronavirus downturn. Roughly 26 million people have been struggling to make ends meet during this pandemic recession.

Take a look at more of EPI's top charts ([link removed]) that reveal the depth of the challenges facing the Biden administration and Congress. EPI's charts shed light on the devastating impact the pandemic has had on people throughout our country, particularly women, Black workers and Latinx families.

This year, and in the Biden administration's first 100 days, we have a critical opportunity to create an economy that works for everyone, not just the rich and corporations. If you value EPI’s research, and thought-provoking charts, please consider a donation today to power the economic research that is leading our movement for transformative economic change. ([link removed])

Thank you for all you do to fight for an economy that works for all of us, not just the wealthy few.

Eve Tahmincioglu
Director of Communications, Economic Policy Institute
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