The COVID-19 pandemic has exacerbated underlying disparities in the health and economic wellbeing of people across the country. Segregated cities and neighborhoods have devastated many—disproportionately Black and Hispanic communities—others less so. 1. journals.lww.com/lww-medicalcar…
Some families have seen multiple family members and friends become seriously ill or lose their jobs, while others have come away relatively unscathed (and in some cases, prospered).
See @LarryMishel+@joriskywalker's latest on the growth in CEO pay: epi.org/blog/prelimina…
2.
Millions of workers have risked their health and the health of their families by going to work in-person, while others have been able to work from home and don’t regularly encounter those facing the pandemic’s wrath. 3. epi.org/blog/only-one-…
In spring 2020, 22.4 million jobs were lost in two months. As of April 2021, 14.1 million jobs had been added back, but the current jobs shortfall is likely in the range of 9.0 to 11.0 million jobs. 4.
Disproportionately low-wage workers lost their jobs. @joriskywalker and I find that 80% of the net jobs lost in 2020 were held by wage earners in the bottom 25% of the wage distribution. epi.org/publication/st…
5.
The lowest-wage workers lost nearly 7.9 million jobs, while the highest-wage workers gained nearly a million 6.
Even within the low-paid leisure and hospitality industry, it was the low-wage and low-hours workers who were more likely to suffer job losses in the recession, as @its_Melat and I show in the latest State of Working American 2020 employment report: epi.org/publication/sw…
7.
Within major occupations in the leisure and hospitality sector, management and professional occupations--with higher average wages and hours--saw losses lower than their shares while the lower-wage lower-hour service workers saw job losses in excess of their shares. 8.
Even given occupational segregation into lower paid occupations, Black and Hispanic workers experienced disproportionate job losses compared with white workers. And, AAPI workers experienced job losses in excess of 20% of their proportionate share of pre-pandemic jobs. 9.
Racial bias may be a factor in the worse labor market outcomes for AAPI workers, particularly those with lower levels of educational attainment, and cannot be explained by their occupational employment patterns, via @ChicagoFed#racismandtheeconomy. 10. doi.org/10.21033/wp-20…
Job losses disproportionately impacted Black and Hispanic workers early on and those workers continue to face significantly higher unemployment rates than other workers. epi.org/publication/la… epi.org/publication/bl…
11.
Before the pandemic hit, the American Time Use Survey (ATUS), distributed by the Bureau of Labor Statistics, provided a baseline on workers who could and did work at home by various demographic and job characteristics. bls.gov/news.release/p…
13.
Using the ATUS and the CPS, @joriskywalker and I show that teleworking spiked at the beginning of the pandemic. A little more than one-third of the entire workforce was teleworking because of the pandemic, more than four times what the economy experienced pre-COVID. 14.
Unsurprisingly, the ability to work from home was not evenly distributed across education levels. About one in three workers with a bachelor’s degree or higher still teleworks as a result of COVID, compared with about one in 20 workers with a high school degree or less. 15.
Looking over the pandemic period, only one in six Hispanic workers (15.2%) and one in five Black workers (20.4%) are able to telework due to COVID, contrasted with one in four white workers (25.9%) and two in five AAPI workers (39.2%). 16.
When @joriskywalker and I examine race/ethnicity and education, we find that Black and Hispanic workers are less likely to telework among both high school and college graduates. Only having an advanced degree appears to narrow the teleworking disparity gap with white workers. 17.
As the labor market continues to recover, we will see in-person employment pick up and the share of the workforce teleworking continue to fall. This does little to ease the pain that millions of workers who have not had the ability to telework from home have experienced. 18.
These drastically different realities—those who can or cannot work from home—are reinforced by those we encounter, work with, go to school with, socialize with, and highlights the difficulty of seeing other people’s experiences when they may be so different from our own. 19.
We must keep in mind who has been most shielded from the economic and health devastation of the pandemic recession, and policymakers must build an economy that works for everyone now and before the next disaster strikes. @EconomicPolicy
20/20 epi.org/blog/only-one-…
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Today's jobs report is a promising sign that the recovery is on track. The labor market added 559,000 jobs in May and the unemployment rate fell to 5.8%.
+559k jobs in May is slightly better than the average growth of the prior 3 months. If this pace continues over the next year, we will likely get down to 4% unemployment by mid-2022 and will be fully recovered before the end of 2022, fully absorbing losses plus population growth.
Employment in leisure and hospitality continues to record strong improvements, gaining 292k in May on top of 328k in April, and 227k in March.
3/n
As of April 2021, only 1 in 5 workers (18.3%) worked from home due to COVID. Black and Hispanic workers are less likely to be able to telework. 1/n epi.org/blog/only-one-…
At the beginning of the pandemic, @hshierholz and I showed that not everybody can work from home, with the ability to telework differing enormously by race and ethnicity. epi.org/blog/black-and…
2/n
When we look over the pandemic yea, large disparities remain: only one in six Hispanic workers (15.2%) and one in five Black workers (20.4%) are able to telework due to COVID, contrasted with one in four white workers (25.9%) and two in five AAPI workers (39.2%). 3/n
The Job Openings and Labor Turnover Survey continues to show weaker levels of hires than before the recession hit.
Any hope for a quick recovery is off the table unless Congress acts now.
Last week, the Bureau of Labor Statistics (BLS) reported that, as of the middle of November, the economy was still 9.8 million jobs below where it was in February and job growth slowed considerably in November. epi.org/press/recovery…
Today, six months into the recession, when the labor market has seen the sharpest employment declines in our lifetimes, we will get the latest jobs data and learn about how workers are faring. It will confirm what we already know: continuing economic pain. epi.org/blog/what-to-w…
Today, the BLS reports an increase of 1.4 million jobs in August. In normal times, this would be an enormous jump, but it represents a noted slowdown in the pace of job growth. At this point, the U.S. economy is still down 11.5 million jobs from where it was in February.
In August, the economy is still down 11.5 million jobs from where it was in February (11.8 million if you remove the temporary Census jobs). With this kind of slowing job growth we've seen over the last couple months, it will take years to return to the pre-pandemic labor market.
After historically fast growth in May and June, July's jobs report is sure to disappoint. Because so many jobs were lost in March and April, the economy remains 14.7 million jobs short, and a full recovery even with rapid growth is many months away. epi.org/press/two-mont…
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As COVID-19 has spread rapidly throughout the country, various other data released since the jobs report reference period in mid-June suggest—at best—a stalled recovery. At worst, we could see job losses for July.
3/
The U.S. economy remains in an enormous jobs deficit—we were down 6.4 million jobs at the end of April (according to the JOLTS data), and down 19.6 million at the middle of May (according to the monthly employment data). 1/n epi.org/blog/the-u-s-e…
The JOLTS data showed that 6.4 million jobs were lost from the end of March to the end of April. The monthly jobs report straddle these numbers, showing that 20.7 million jobs were lost from mid-March to mid-April, and 2.5 million jobs were gained from mid-April to mid-May. 2/n
Together, the JOLTS data and the monthly employment numbers paint a picture of the peak of job loss in this recession being in late March or early April, and people beginning to go back to work by the beginning of May. epi.org/press/while-we…
3/n