Jun 08 2021
Fast Facts: Home Health Care Workers
Jun 04 2021
Economic Update - June 4, 2021
As evidenced by the most recent Employment Situation report from the Bureau of Labor Statistics (BLS), millions of Americans have yet to return to work, despite growing numbers of job openings. Unemployment Insurance (UI) has played an important role in the recovery by stabilizing consumption and keeping jobseekers from dropping out of the labor force entirely. Studies have documented that, following a job loss, food or nondurable consumption declines between 6 and 9 percent. Once UI benefits are exhausted, similar consumption can drop by up to 12% on average. By ensuring that, even after a job loss, covered workers can continue to fulfill their basic subsistence needs (e.g. rent, food, medications, etc.), UI provides liquidity constrained displaced workers with the breathing room they need to find a better-paying job that matches their skills, experience and family demands.
As evidenced by the most recent Employment Situation report from the Bureau of Labor Statistics (BLS), millions of Americans have yet to return to work, despite growing numbers of job openings. Unemployment Insurance (UI) has played an important role in the recovery by stabilizing consumption and keeping jobseekers from dropping out of the labor force entirely. Studies have documented that, following a job loss, food or nondurable consumption declines between 6 and 9 percent. Once UI benefits are exhausted, similar consumption can drop by up to 12% on average. By ensuring that, even after a job loss, covered workers can continue to fulfill their basic subsistence needs (e.g. rent, food, medications, etc.), UI provides liquidity constrained displaced workers with the breathing room they need to find a better-paying job that matches their skills, experience and family demands.
May 28 2021
Economic Update - May 28, 2021
In early 1921, the Greenwood District in Tulsa, Oklahoma, was home to one of the most affluent African-American communities in the United States. More than 70 businesses, mostly owned by Black Americans, lined up in just the 100 block of Greenwood Avenue in Tulsa. This single block was home to four hotels, two newspapers, eight doctors, seven barbers, nine restaurants and a half-dozen professional offices of real estate agents, dentists and lawyers. The economic success of Black entrepreneurs in Greenwood added to the striking image of Tulsa as America’s Black Wall Street.
May 17 2021
Economic Update - May 17, 2021
The U.S. economy—which in 2020 produced $21 trillion-worth of goods and services—is powered by the interconnected web of roads, waterways, electrical grids, and communications, education, healthcare and childcare systems that make up its infrastructure. This infrastructure is in a state of disrepair, and “dangerously overstretched,” with a funding gap valued in the trillions. The United States invests less in infrastructure than its peers and substantially less than it used to. To compete in the 21st century, we must learn from our own past success and replicate the bold public investments that have supported each transformation of our economy in the past.
