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Tag Archives: Coronavirus Recession

New research shows the impact of 2020 job and income losses on family dynamics and parents’ mental health in vulnerable households

The effects of the coronavirus recession extend beyond jobs and income to include the emotional well-being of parents and their children.As job losses in the United States persist amid the coronavirus recession, the economic and mental health fallout becomes ever clearer. Historically, research on the effects of job losses and unemployment on parental mental health and family dynamics has emphasized its ill effects, highlighting, for example, the increase in parental stress and...

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The coronavirus recession continues to threaten low-wage U.S. workers due to stalled jobs recovery

An essential worker restocks the shelves at a Walmart in Salem, Ore., May 2020.Today’s U.S. Bureau of Labor Statistics Jobs Report demonstrates a stalled jobs recovery following the deep and rapid economic decline brought about by the coronavirus pandemic. The unemployment rate has decreased slightly to 6.7 percent, but still remains higher than the 3.5 percent unemployment rate in February prior to the start of the coronavirus recession. The workers who have been hit the hardest...

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The long-run implications of extending unemployment benefits in the United States for workers, firms, and the economy

At the outset of the coronavirus pandemic earlier this year, millions of U.S. workers lost their jobs. In March, the U.S. Congress took notice and decided that the 26 weeks of Unemployment Insurance typically provided by states were not enough for an employment crisis that would likely extend beyond 6 months. Through the new Pandemic Emergency Unemployment Compensation program, it provided people who lost jobs through no fault of their own with an additional 13 weeks of benefits....

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How to bring down the price of drugs such as the novel coronavirus therapy remdesivir

Remdesivir may be one possible drug to combat COVID-19.Overview The extraordinary ongoing effort to find treatments to cure, ameliorate symptoms of, and vaccinate against the novel coronavirus and COVID-19, the disease caused by the virus, is a reminder of how much the U.S. healthcare system, the U.S. economy, and we as individuals and families rely on these products, as well as the public research that goes into discovering them and the pharmaceutical companies that develop and...

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Scholars and advocates say racial disparities and worker power are key to the coronavirus recession and to long-term U.S. economic recovery

The coronavirus recession took root in a U.S. economy already characterized by profound economic and racial inequality, deeply inadequate public investment, and significant holes in support systems for families. At an October 19 webinar sponsored by the Groundwork Collaborative and several other organizations, including the Washington Center for Equitable Growth, speakers and panelists described past policies that prepared that fertile ground for the spread of the coronavirus, and...

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Why minimum wages are a critical tool for achieving racial justice in the U.S. labor market

High school students, union activists, and fast food workers rallying in New York City to demand a $15/hour federal minimum wage, April 2015.Overview The minimum wage is one of the primary tools for raising the wages of low-income workers. This was the case at its inception in some states in the early 20th century, as a key federal component of the New Deal reforms during the Great Depression, and today, amid the coronavirus recession. Importantly, though, reforms in the 1960s...

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Public investments in education can spur equitable growth, pay for themselves, and create jobs for a stronger economic recovery

Overview This report details why U.S. public investments in education are key to promoting more equitable economic growth that benefits the middle class in general and those at the lower end of the income distribution. Certain types of U.S. public investments in education pay for themselves in stronger long-term economic growth, additional tax revenues, and long-term savings on public expenditures. Some education investments, if financed properly, can provide a significant...

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Factsheet: New study shows that emergency paid sick leave reduced COVID-19 infections in the United States

Paid sick leave is an important public health tool in the fight against COVID-19.The United States is one of three high-income nations that does not guarantee paid sick leave for workers. As of March 2020, 25 percent of private-sector workers had no access to paid sick leave. This number is higher for part-time workers (55 percent) and low-income workers (69 percent). Without access to paid sick leave, employees who are financially constrained may show up to work sick. When...

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Addressing long-term U.S. unemployment requires confronting the stigma against the unemployed amid the coronavirus recession

Overview Six months into a pandemic that is keeping many businesses closed across the United States, and with close to 1 million new unemployment claims continuing to be added each week, there should be widespread agreement that unemployed workers are blameless for their condition. Yet stereotypes that find fault with jobless workers are already appearing amid the coronavirus recession and are an obstacle to economic recovery that threatens to leave lasting scars on unemployed...

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Labor organizations and Unemployment Insurance: A virtuous circle supporting U.S. workers’ voices and reducing disparities in benefits

Photograph of mural “Post Office work room,” by Alfredo de Giorgio Crimi at the Ariel Rios Federal Building in Washington, D.C.Overview In March 2020, communities across the United States realized the gravity of the novel coronavirus pandemic and the deadly reach of COVID-19, the disease caused by the virus. As businesses shut their doors to prevent the transmission of the disease, the joint federal-state Unemployment Insurance program, which funds and administers unemployment...

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