Elise Gould, a senior economist at The Economic Policy Institute, called the data surrounding Hispanic workers a “mild sign” of an improving labor market, but cautioned reading too much into the month-to-month metrics poised for volatility.
The jobless rate among Hispanic workers still lags that of white and Asian workers at 3.4% and 2.8%, respectively. However, it does mark a stark difference from the depths of the Covid-19 pandemic when the group experienced the highest unemployment rate, according to Gould.
“It speaks to the resilience of the labor market,” she said. “Even in the face of rising interest rates, to be able to stay strong, and have it stay strong for so long that you’re really pulling in many historically marginalized groups back into the labor market.”
CNBC
October 13, 2023
Unemployment, for example, is higher among Black and Hispanic workers according to a 2023 report by the Economic Policy Institute. Median earnings for women in 2022 were 83 per cent of the median for men, data from the U.S. Bureau of Labor Statistics shows, and women, particularly women of color, are less likely to hold executive positions.
Longmont Leader
October 13, 2023
The Economic Policy Institute estimated that in 2022 the United States’ unionized workforce increased by 200,000 and tens of millions of workers wanted to join a union but couldn’t. Nonunion jobs are being added to the workforce at a faster rate than union jobs. The nation requires an army of young union organizers to compensate for decades of decline in unionization, and currently most schools do not educate children on how they can organize their workplaces when employed.
LA Progressive
October 13, 2023
Several factors contribute to the higher jobless rates among black Americans. Racism and single-adult households, where one person must balance childcare and full-time employment, are among the primary reasons, according to the Economic Policy Institute.
24/7 Wall Street
October 13, 2023
Fain spoke earlier Friday at an Economic Policy Institute conference, and said the union has been “complacent for my entire 29 years,” and that it has been a major source of frustration for him.
“This strike is about righting the wrongs of the past and winning justice for all of our members,” added Fain. “Strikes and the threat of strikes by a unified membership are what delivers.”
Barron’s
October 13, 2023
According to an Economic Policy Institute report, “The top 1% earned 14.6% of all wages in 2021 — twice as high as their 7.3% share in 1979. The bottom 90% received just 58.6% of all wages in 2021, the lowest share on record.”
In These Times
October 13, 2023
According to the Economic Policy Institute (EPI), the top 1% of earners take home 21% of all the income in the country. Although a yearly salary of $421,926 is technically enough to punch your ticket to the 1%, the average annual income of the top 1% is $1,316,985.
GO Banking Rates
October 13, 2023
“Are we willing to return to a world where we accept that children of the poorest families are working more than full-time jobs under hazardous conditions?” said Jennifer Sherer, director of the Economic Analysis and Research Network at the nonprofit Economic Policy Institute, according to the article.
Raw Story
October 13, 2023
Fain spoke earlier on Friday at an Economic Policy Institute conference, and said the union has been “complacent for my entire 29 years,” and that it has been a major source of frustration for him. “This strike is about righting the wrongs of the past and winning justice for all of our members. Strikes and the threat of strikes by a unified membership are what delivers.”
Clean Technica
October 13, 2023
The disparity is more severe for Black and Hispanic women, who typically earn 65 cents and 58 cents on the dollar respectively compared to their male counterparts. Women with higher education levels face larger pay disparities, according to the Economic Policy Institute. Meanwhile, women are paid less than men with similar education backgrounds at almost every level, the EPI notes, and may face penalties for taking time out of the workforce for maternity leave or child rearing.
Semafor
October 13, 2023
“If you think they have any leverage, it is leverage to what end?” said Elise Gould, senior economist at the Economic Policy Institute, a Washington-based think tank focused on labor issues. “Share matters because if profits have been so high, wages could have done even better.”
Reuters
October 13, 2023
“While [year-over-year] wage growth ticked down to 4.2%, the annualized three-month change dropped significantly to 3.4%,” tweeted the Economic Policy Institute’s Elise Gould. Average hourly earnings growth peaked at 5.9% in March 2022. Finance executives in The CFO Survey projected their wage bills would grow 4% at the median in 2024.
CFO
October 13, 2023
State governments added 29,000 jobs in education and local governments, excluding education, added 27,000 jobs, which is good news considering how slow these jobs have been to return to pre-pandemic levels, economists said. State and local government employment is down 0.5% compared to its level before the pandemic, Economic Policy Institute analysis of BLS data shows.
Elise Gould, senior economist at the Economic Policy Institute, said the addition of healthcare jobs is not surprising given the aging population and demand for healthcare services. Despite concerns that leisure and hospitality wouldn’t bounce back from the economic harms businesses suffered in 2020, there are signs of a healthier sector in the report.
“Leisure and hospitality in particular is one where we saw the largest job losses and has been steadily sort of filling in that massive hole that happened in the spring of 2020,” Gould said.
States Newsroom
October 13, 2023
Despite being among the most educated professions—some states even require master’s degrees—teachers earn just three-quarters as much as comparable college graduates, according to research published by the Economic Policy Institute in 2022.
Stacker
October 12, 2023
Jennifer Sherer, director of the state worker power initiative for the Economic Policy Institute, said by looking at trends, workers across the country are increasingly looking to their right to organize and collectively bargain as a vehicle to address what she called “really deep inequalities in our economy.”
“The initiative and the discussion underway in a number of states about making sure every worker has full access to those rights is the origin of the initiative you are seeing in Arizona,” Sherer explained.
Public News Service
October 12, 2023
Data from the Economic Policy Institute shows that the families of childcare workers are twice as likely to live in poverty (11.8%) compared to others.
Business Insider
October 12, 2023
According to the Economic Policy Institute, autoworker wages have fallen 19.3% since 2008 alone — due in large part to past concessions made by the UAW.
Detroit Free Press
October 11, 2023
In 2022, Dollar General became the first major retailer deemed a “severe violator” of federal workplace safety law, and has failed hundreds of government inspections. In addition to limited access to sick leave, most Dollar General employees make less than $12 an hour, and close to 1 in 4 make less than $10, according to an Economic Policy Institute study from 2021.
Bloomberg
October 11, 2023
Lack of standards has real ramifications. According to the Economic Policy Institute, domestic workers are three times as likely to live in poverty than other workers–typical wages for a domestic worker were $12.02/hour; for a non-domestic worker, $19.97. And 39 percent of nannies live twice below the poverty level; for non-domestic workers, the twice-poverty rate is 17 percent.
Marie Claire
October 6, 2023
The bill could worsen graduation rates and hurt lower-income families, experts said, and could also be a way to replace some immigrant labor as Florida and other GOP-led states continue to crack down on undocumented workers.
“Are we willing to return to a world where we accept that children of the poorest families are working more than full-time jobs under hazardous conditions?” said Jennifer Sherer, director of the Economic Analysis and Research Network at the nonprofit Economic Policy Institute.
Orlando Sentinel
October 6, 2023
Don’t worry — it’s still plenty to sustain a growing economy, said Elise Gould at the Economic Policy Institute.
“When we see job growth in excess of around 100,000, that means that not only are we keeping up with population growth, we’re pulling people in off the sidelines,” Gould said.
Gould sees a job market returning pretty close to pre-pandemic normal.
“The share of workers between 25 and 54 with a job is now at or higher than before, particularly for women. We have very low Black unemployment. So there are many metrics that look very much like 2019 — and even better.”
Marketplace
October 6, 2023
The “teacher pay penalty” — the gap between the wages of teachers and similarly educated professionals — hit a record high of 26.4% in 2022, according to an Economic Policy Institute report released Friday, as K-12 Dive reported.
EdSource
October 6, 2023
(That’s despite an increase in union representation; according to the Economic Policy Institute, in 2022, more than 16 million workers in the U.S. were represented by a union, an increase of 200,000 from 2021. While more jobs were unionized, nonunion jobs have been added to the economy at a faster rate.)
The Detroit Metro Times
October 6, 2023
As of 2021, childcare workers were making just $13.51 an hour, reportedly half of what the average worker in the U.S. earns, according to the Economic Policy Institute.
Fast Company
October 6, 2023
This “teacher pay penalty” has grown over the decades, according to the left-leaning Economic Policy Institute, hitting a new high in 2021. In 1996, teachers made close to 92 cents on the dollar.
USA Today
October 6, 2023
The “teacher pay penalty” — a measure of the gap between the weekly wages of teachers and similarly educated professionals — hit a record high of 26.4% in 2022, according to an Economic Policy Institute report released Friday.
K-12 Dive
October 6, 2023
It’s been a hell of a few years for American automakers; profits have been good, very good. Ford, General Motors, and Stellantis have made $250 billion since 2013, with another $32 billion on the way by the end of the year according to Economic Policy Institute. But there are dark clouds gathering for the Big 3 just beyond the smooth seas of profit; the student loan debt crisis.
Yahoo Autos
October 6, 2023
The Economic Policy Institute, a pro-labor research and policy think tank, describes wage theft as a “widespread epidemic that costs workers, their families, and communities billions of dollars each year.”
Orlando Weekly
October 6, 2023
The cost to low-wage workers is staggering. In St. Louis, for example, the city passed a higher minimum-wage ordinance in 2015, only to have it nullified by state law two years later. As a result, minimum-wage workers were robbed of $71.1 million in raises in a single year, according to figures compiled by the Economic Policy Institute.
The American Prospect
October 6, 2023