Dems seem likely to vote on @POTUS' $1.6tn #BuildBackBetterAct today. One thing missing: Reform of the unemployment system.

Why does that matter? @economics dived into what happened in Georgia to 2.25m claims filed in the first year of the pandemic.

bloomberg.com/graphics/2021-…
The data we got show Black workers were more likely than White ones to be denied unemployment benefits in Georgia. As much as twice as likely...

bloomberg.com/graphics/2021-…
Georgia’s labor force has roughly 2x as many White workers as Black ones. But more Black workers filed for unemployment than White ones.

In the end 35% of the >900k Black workers who applied for help in the year after March 2020 did not get any.
If the unemployment system mirrored the workforce, the number of White workers denied unemployment would be roughly 2x the number of Black workers.

But it was actually the opposite. Among Georgia workers denied regular state unemployment, 53% were Black and 24% were White.
Some things did work. Sort of...

Federal Pandemic Unemployment Assistance aimed at those normally left out of the system helped close the racial gap in Georgia. But that also meant that when @GovKemp in June withdrew early Black workers suffered a disproportionate impact.
Important point: The US mounted a historic response to the economic crisis caused by the pandemic. But the safety net used - and what's left behind - has huge holes in it.

Earlier this year we found >9m people did not get the help they sought.

bloomberg.com/news/features/…
Tenel Belcher, a former Atlanta transit worker, waited 5 months to find out her application was denied. She didn’t hear about the status of her appeal for 10 more months. And then only after Bloomberg asked @GeorgiaDOL about her case.
Kenny Grigsby was scratching out a living officiating at high school & collegiate games before the pandemic. When sports shut down so did his income. He was denied regular unemployment because he's a freelancer and told he qualified for PUA. He's still waiting for benefits.
If you look at metro Atlanta it's striking how denial rates match up with demographics. Predominantly Black zip codes saw a denial rate for regular state benefits as much as 2x that of White zip codes.

The map on left is denial rates. The one on right is % Black population.
Again, as @pelhamprog says, leaving UI reform out of #BuildBackBetterAct has consequences.

“Congress has not taken any kind of lesson that there’s something wrong with the core program. So now we’re back to a place where the system is once again incredibly inequitable.”
PUA “was an anti-racist tool,” says Ray Khalfani, an analyst at @GaBudget. “It opened the window to a lot of workers who had been denied access to unemployment benefits.”

“We can’t afford to be in this type of place again in another recession,” he says.
Anyway, read our story and share it. @readep, @madcampb and lots of other folks at @economics @business & @BBGVisualData worked hard on this project. We felt it was an important story to tell...

bloomberg.com/graphics/2021-…
One PS :

We didn't set out to focus exclusively on Georgia. @readep and I wanted to examine who did and who didn't get unemployment benefits in the pandemic.

And what we discovered is that the demographics of who didn't is a blind spot in the data.

bloomberg.com/news/articles/…
A great animated zoom through the numbers from @rachaeldottle...

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Shawn Donnan

Shawn Donnan Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @sdonnan

25 Jun
We don’t talk enough about those who fell through the cracks in this pandemic.

People like Barb Ashbrook, Ray Rand, Ralph Wyncoop and Anthony Barela.

They and 9m others didn’t get the help needed, as my @economics colleague @readep & I write for @BW:

bloomberg.com/news/features/…
We spent months gathering data and talking to people, experts, lawyers & officials around America. It was sobering. Half the 64.3m people who applied for regular unemployment – the system left after this crisis – didn’t get benefits. That’s 2x denial rate in the Great Recession.
Special programs rushed into existence by Congress filled part of that gap. At least 16.7m people got Pandemic Unemployment Assistance for gig workers, contractors, & others not otherwise eligible.

But millions got left out.

bloomberg.com/news/features/…
Read 18 tweets
17 Apr
One of the fascinating things is how rarely people challenge those who say that the Trump steel and aluminum tariffs created/saved jobs in that industry... The American steel industry was shedding jobs even before this pandemic... data.bls.gov/timeseries/CES…
In January 2020 the US primary metals industry employed 5,000 fewer people than it did in January 2016, When Trump took office...
The primary metals industry in March of this year employed 30k fewer people than in March of last year.

One reason for that is a slashing of capacity that has happened in the steel industry.
Read 7 tweets
7 Apr
We need to talk about the middle class.

For decades the idea guiding business decisions around the world has been that of an ever-growing new middle in emerging economies.

Well you can add that to the list of economic truths upended by this pandemic.

bloomberg.com/features/2021-…
The global middle class - there's 2.5bn people out there earning $10-50/day - shrank last year for the first time since the 1990s.

And as @GitaGopinath warned this week that's not the end of the story. Developing economies are recovering far slower than places like the US.
As @carmenmreinhart told us the global economy is "bifurcating".

It sure looks like the world is pivoting from an era of economic convergence between the rich and poor worlds to one of divergence.

But that's not just a story about data. It's about people.

Meet Ravi Sharma.
Read 12 tweets
6 Apr
The challenge for the US here is that the US doesn’t set tax policy in other countries. And that policy makers in other countries don’t have to look back very far to see a very different message coming out of the White House...
And how do you enforce it? Here’s a reminder of how the EU’s efforts to force Apple to pay higher taxes in Ireland have gone: bloomberg.com/news/articles/…
Read 5 tweets
11 Mar
Biden’s about to test just how much bipartisan backing there is for a new American industrial policy. But the forces he’s taking on in his bid to boost manufacturing aren’t just political...

My latest for ⁦@BW⁩:
bloomberg.com/news/articles/…
One big hurdle: How do you make producing in US cost-competitive?

GE Lighting last week shut down a line at its plant in Bucyrus, Ohio, that made LED bulbs. They spent a year and millions trying to make it cost-competitive. And the company says they just couldn’t...
Another: In all likelihood the dollar is going to appreciate significantly in the coming year or two as the economy accelerated faster than others. That’s going to hit the bottom line of folks producing in America for export markets.

bloomberg.com/news/articles/…
Read 12 tweets
25 Feb
And we're off with Katherine Tai's confirmation hearing... Chairman Ron Wyden kicks it off with a call for "smarter, stronger" US trade policy... "Four more years of mean tweets and chaos from the White House won't cut it..."

finance.senate.gov
Here's five questions I'd like to see senators ask @USTradeRep nominee Katherine Tai:

bloomberg.com/news/newslette…
Interesting shot fired by Mike Crapo in his opening statement re the Biden plan to hit the pause button on new trade deals. He's pushing for Biden to go forward with a deal with the UK. Now pointing to China and RCEP... He's calling for "energetic and effective" trade policy.
Read 42 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Thank you for your support!

Follow Us on Twitter!

:(