Jobs report: a year into the coronavirus recession, employment losses have been greatest for Black women workers and Latinx workers
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One year after the onset of the coronavirus recession, the U.S. labor market is still a long way from its February 2020 employment levels, but saw important job gains last month. According to the latest Employment Situation Summary by the U.S. Bureau of Labor Statistics, the U.S. economy in February…
New Great Recession data suggest Congress should go big to spur a broad-based, sustained U.S. economic recovery
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Overview As federal policymakers debate President Joe Biden’s proposed $1.9 trillion American Rescue Plan, critics now argue that it will “overshoot,” meaning it would boost economic activity beyond the desired level. The economic track record of the past 10 years shows these concerns are misplaced.…
How to replace COVID relief deadlines with automatic ‘triggers’ that meet the needs of the U.S. economy
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To strengthen the federal government’s response to the coronavirus pandemic and the resulting economic downturn, President Joe Biden seeks to enact his American Rescue Plan to stop the spread of the coronavirus and COVID-19, the disease caused by the virus, provide relief to devastated families and…
Jobs report: Coronavirus recession hits workers in low-wage service industries who need access to the social safety net and effective labor protection enforcement
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The U.S. Bureau of Labor Statistics just released its Employment Situation Summary for the month of January, showing that the labor market’s path toward a recovery lost steam over the past few months. In December, the U.S. economy shed 227,000 jobs, breaking a seven-month streak of net job gains. In…
U.S. retail sector’s recession experiences highlight continuing labor market travails
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The coronavirus pandemic and the ensuing economic recession has changed the structure of the U.S. labor market. Public health measures require limiting in-person services, and as a result, many industries saw sharp declines in employment in the springtime. Some industries, such as leisure and hospit…
Equitable Growth invests in research grants to explore the role of paid sick leave and paid family and medical leave amid the coronavirus recession
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The Washington Center for Equitable Growth is announcing a trio of research grants to scholars exploring the impact of paid family and medical leave and paid sick leave policies amid the coronavirus pandemic and ensuing recession. These studies, conducted by faculty members at leading U.S. colleges…
New research shows the impact of 2020 job and income losses on family dynamics and parents’ mental health in vulnerable households
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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…
The coronavirus recession continues to threaten low-wage U.S. workers due to stalled jobs recovery
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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 ra…
The long-run implications of extending unemployment benefits in the United States for workers, firms, and the economy
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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…
How to bring down the price of drugs such as the novel coronavirus therapy remdesivir
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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…