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11 Jan, 5 tweets, 2 min read
The jobs report released last week showed that 140,000 jobs were lost in December. The latest #CovidRelief bill doesn't provide enough relief. The larger risk for the nation isn't providing enough economic stimulus & hardship relief.

A thread. cbpp.org/research/econo…
People of color, who have experienced disproportionate hardship in the pandemic & recession, & who historically have waited longest to see the fruits of an economic recovery, are also the most at-risk right now.

cbpp.org/research/econo…
Private & government payrolls combined fell by 140,000 jobs, which is larger in percentage than the deficit in the worst month of the Great Recession (6.3%). Long-term unemployment of 27 weeks+ again rose sharply, & racial disparities in employment outcomes remained wide.
In responding to the #GreatRecession, policymakers shifted to a posture of austerity before the economic recovery had fully taken hold. As a result, the recovery took far longer than it should have, resulting in substantial human & economic costs.
Policymakers should not make the same mistake again.

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More from @CenterOnBudget

Center on Budget Profile picture
23 Sep 20
Thread: today, new data from the Census Pulse show that millions of Americans are still struggling to afford food and rent. This economic crisis is far from over for many, and policymakers need to do more to make sure families can put food on the table. /1 #COVIDRelief
Census data from September 2-14 show that about 10% of all adults reported their household sometimes or often didn’t have enough to eat in the last 7 days, more than twice the share of adults who reported this at any point in 2019 (3.7%). /2
Because of longstanding inequities exacerbated by the pandemic, the shares of Black and Latino adults reporting their households aren’t getting enough to eat are more than DOUBLE the share of white adults reporting this. /3
Read 7 tweets
Center on Budget Profile picture
23 Sep 20
.@AvivaAronDine also addresses the real threat that the Affordable Care Act the ACA including Medicaid expansion could disappear altogether, right in the middle of the crisis, because SCOTUS is hearing the Trump administration case against it.
@AvivaAronDine Striking down the law would end protections for people with pre-existing conditions, including the millions of Americans who have just acquired a pre-existing condition because they had #COVID19. #ProtectOurCare
@AvivaAronDine About 20 million people would lose coverage if the law was repealed, while those at the very top would get a tax cut: cbpp.org/research/healt… #ProtectOurCare
Read 4 tweets
Center on Budget Profile picture
4 Sep 20
Thread: Today’s #JobsReport shows a labor market that, despite improvements since April, remains devastated by the #COVID19 recession. #JobsDay

Here are six signs showing why.
cbpp.org/blog/6-signs-t… ImageImageImageImage
1. The jobs “hole” that opened in March & April remains huge.

Private payroll employment remains 10.7 million jobs below its February level & state & local government payrolls remain 1.1 million jobs below.

cbpp.org/blog/6-signs-t… Image
2. State & local job losses, many in education, remain large due to budget cuts.

In April alone, more state & local workers were furloughed or laid off than in the Great Recession of a decade ago & its aftermath. #JobsDay Image
Read 8 tweets
Center on Budget Profile picture
28 Aug 20
Thread: Yesterday’s announcements by the Federal Housing Administration (FHA) & Federal Housing Finance Agency (FHFA) might be welcome news for some homeowners, but it changes little for renters.

Here’s why 👇👇
These actions stop renter evictions only for the very small share of renters that may be living in single-family homes owned by Fannie Mae or Freddie Mac as a result of foreclosure.
Millions of other renters are behind on rent, & 8 million kids live in these homes. There is only one way to provide them with real help: a robust, bipartisan, #COVIDRelief bill that provides rental assistance & protects people from eviction.

cbpp.org/research/pover…
Read 4 tweets
Center on Budget Profile picture
21 Aug 20
Thread: HUD is reportedly preparing to extend a moratorium that protects some homeowners (those with Federal #Housing Admin. mortgages) from foreclosures through the end of the year.

Here's why that's not nearly enough to address the ongoing crisis.

politico.com/news/2020/08/1…
This limited relief appears to do little or nothing to protect the large number of renters struggling to keep a roof over their heads. That’s because the measure only applies to mortgage lenders who have no say in evictions outside of very limited (& infrequent) situations.
This comes as 21% of all renters were behind on their rent in July with Black & Hispanic renters facing substantially higher housing hardships than white renters. Image
Read 6 tweets
Center on Budget Profile picture
13 Aug 20
Thread: The #unemployment rate is very high & millions report that their households did not get enough to eat or that they are behind in paying the rent.

We are tracking this hardship in our new special series. #RentReliefNow #BoostSNAPNow

cbpp.org/research/pover… Image
What we know. People are:

🍎 Having difficulty getting enough food
🏠 Unable to pay rent or mortgage
🏭 Unemployment is high
🧒 There are millions of kids facing hardship
📈 And overall hardship is trending upward

cbpp.org/research/pover…
🍎 About 29M adults — 12.1% of all adults — reported that their household sometimes or often didn’t have enough to eat in the last 7 days. That translates to an estimated 9-17M kids who live in a family in which the kids were not eating enough because the they couldn’t afford it. ImageImage
Read 8 tweets

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