Posted inOp-Ed

Josh Bivens: Cutting UI benefits by $400 per week will significantly harm U.S. families, jobs, and growth

Last month, we estimated the effect of allowing the $600 supplement to weekly unemployment insurance (UI) benefits to lapse at the end of July, as is currently scheduled. We found that this would strip away enough aggregate demand from the economy to slow growth in gross domestic product (GDP) by 3.7% over the next year. This slower […]

Posted inUS

Without federal aid to state and local governments, 5.3 million workers will likely lose their jobs by the end of 2021

June 10, 2020 – Last week, EPI hosted a bipartisan panel of economists who called upon policymakers to pass significant federal aid for state and local governments in coming months. This panel’s judgement was unanimous that federal aid for sub-national governments is crucial for helping the economy mount a rapid recovery from the current crisis. In this […]

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