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Flags from today's report on the employment situation: (1) There's been an uptick in hourly wages of $1.34 per hour. Why would that happen in a recession? Because the people left with jobs earn so much more than those who lost their jobs. 1/n
The second thing that popped out for me is that while the unemployment rate for workers who are white or Hispanic is at all-time highs, that's not the case for black workers, indicating they are more likely to be still at work in essential jobs and in need of protective gear 2/n
Third, lots of those out of work are on temporary lay-off and many believe they will be going back to their jobs. For this to happen, policymakers must put in place the testing, tracing, and protections necessary to protect workers & consumers. But we must act fast. 3/n
Fourth, the share of the US population with a job is 51.3%, lower than at any point since 1948. People need unemployment benefits and access to food. Congress needs to keep funding benefits so long as unemployment remains high. 4/4 See: equitablegrowth.org/recession-read…
Bonus: Our jobs day graphs are up (well, actually, they're mostly down but you know what I mean). Check 'em out, share 'em, let the people know what our economy looks like (and follow @equitablegrowth to learn @ what policymakers need to do to fix this): equitablegrowth.org/equitable-grow…
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