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Tag Archives: Coronavirus Recession

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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In conversation with Alexander Hertel-Fernandez

Five ways policymakers can fix the unemployment benefits system Gould-Werth: So, given those problems, what policy fixes would you recommend to improve the response of the Unemployment Insurance system? Hertel-Fernandez: I would say that there are five buckets of things that I would change about the system. That’s a lot, but I think that there are a number of pieces of the Unemployment Insurance system that have been flawed, really since the...

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New wealth data show that the economic expansion after the Great Recession was a wealthless recovery for many U.S. households

U.S. households barely recovered their levels of nonhousing wealth since the Great Recession.Overview The Federal Reserve’s 2019 Survey of Consumer Finances, or SCF, released last week, shows that the wealth of many U.S. households never recovered from the shock of the Great Recession more than a decade ago. Although mean (average) wealth of all households in 2019 exceeded mean wealth in 2007 by 9 percent, median (midpoint) wealth declined by 19 percent over the same time period....

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What the coronavirus recession means for U.S. public-sector employment

An MTA worker deep cleans a New York City subway car, July 2020. According to the latest Employment Situation report released by Bureau of Labor Statistics today, the U.S. economy in September added 661,000 nonfarm payroll jobs, reflecting an important slowdown in employment growth. Also known as the Jobs Report, the release shows that the share of 25- to 54-year-old prime-age workers who have a job fell from 75.3 percent in August to 75.0 percent, and the number of unemployed workers...

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Main Street’s workers, families, and small businesses are now suffering as Wall Street prospers from policies to fight the coronavirus recession

Wall Street and Main Street are feeling very different effects from the coronavirus pandemic.Overview In San Antonio, 10,000 cars lined up to get bags of groceries from a local food bank, waiting hours in the heat for help. In New Orleans, advocates chained themselves together outside of the city courthouse to prevent landlords from finalizing evictions. In New York City, more than one-third of small businesses may be closed forever. And across the United States, more than 190,000...

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Wage discrimination and the exploitation of workers in the U.S. labor market

Overview The U.S. labor market can be daunting to navigate, and especially so in recent months, as the coronavirus pandemic and recession have created a public health crisis and fueled business closures and mass job layoffs—both temporary and permanent—across the country. This is especially the case Black and Latinx workers and women, who are being hit especially hard by the coronavirus recession that is compounding existing disproportionalities in the U.S. labor market. Even in...

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College football’s inequality dilemma amid the coronavirus recession

Before the coronavirus pandemic and the recession it caused, the economics of college sports, particularly college football, took a backseat to game-day coverage of tens of millions of fans spending freely on eating, drinking, and cheering in tightly packed stadiums and bars, tail-gate parties, and backyard barbeques across the United States. In particular, the economic well-being of the athletes themselves and the financial imperatives for the college and university towns and cities...

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Maintaining effective U.S. labor standards enforcement through the coronavirus recession

Overview Workers in the United States are experiencing record unemployment at the same time that governments across the country are facing extraordinary budget deficits. Evidence from the Great Recession of 2007—2009 indicates that high levels of unemployment weaken the labor market power of those low-wage workers who remain employed. Minimum wage violations increased dramatically during the Great Recession, disproportionately impacting Latinx, Black, and female workers. We...

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Get more money immediately to U.S. families and help them out of the coronavirus recession

The 2020 rebates buffered the freefall in spending and helped get people back to work.The costs of the deepening coronavirus recession and the benefits of the federal government providing another round of direct economic aid to families are clear. Let’s begin with the mounting costs of the public health and economic crisis before turning to what Congress must do now, and why another round of direct payments to all families is essential. Cases of the coronavirus recently hit nearly...

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