Jobs

Regular Disorder on the Hill

Update 509 — Regular Disorder on the Hill:House to Vote on Wage Hike Nixed in Senate Late last night, the Senate parliamentarian ruled the Democrats’ bill to raise the minimum wage to $15/hour ineligible for the $1.9 trillion reconciliation package. The House is expected to vote on the package tonight, with the wage hike, adopt …

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Recovery Still “Uncertain”

Update 508 — Recovery Still “Uncertain,”Powell Reminds Congress, Citing Jobs Lag In his first appearance before the 117th Congress, Federal Reserve Chair Jerome Powell presented the semi-annual Monetary Policy Report in hearings before Senate Banking yesterday and House Financial Services today.  Powell depicted an economy still suffering from the pandemic and warned of risk of …

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COVID’s Summer Hot Spots

Update 451: COVID’s Summer Hot SpotsArgue for Targeted, Automatic Relief Fix No economic relief or bill, regardless of size, will be scrupulously equitable as regards state, sector, class, generation, etc.  Nor would equity on every basis be optimal in all circumstances. Today, Montana and Vermont are both marginally affected by the Coronavirus.  Should relief for …

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Jobless Forecast: Deep Stasis

Update 449: Jobless Forecast: Deep Stasis,Out of the Free Fall, into a Long-Haul Stall The collective sigh of relief from workers and business owners seeing the 13.3 percent national unemployment figure for May may have come too soon. The figure is, at best, misleading. A 1.4 percent drop in unemployment, the best month-over-month figures since …

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A Startling Statistic to Open

Update 444 — A Startling Statistic to OpenThe Summer of Our Legitimate Discontent On Friday morning, Americans will confront the statistical reality of the coronavirus’ impact on jobs. If you wonder what 20 percent unemployment feels like, this is it. If it takes some getting used to, we all will have that chance — a …

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The COVID Economic Experience

Update 443: The COVID Economic Experiencefor Workers, Consumers, Employers, Investors Your economic experience of the impact of the coronavirus will reflect your role in the economy. Are you an “essential worker”? Can you work from home? Can you find the necessities of life as easily or cheaply as before? Are you buying scarce or rationed …

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Corona III Programs in Need of Rx

Update 428: Corona III Programs in Need of RxImplementation Snafus and Consequences Following the grim vital statistics wrought by the coronavirus are numbers revealing a secondary affliction reaching millions more. Every day brings news of another round of tens of thousands of layoffs, furloughs, shift cuts, even wage cuts. The federal fiscal responses to the …

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Corona 3 Implementation Starts

Update 427: Corona 3 Implementation StartsMoney Out When? Stimulating a Dead Horse? The incredible shrinking and increasingly virtual U.S. economy is being transformed by the coronavirus into something we have never seen before and increasingly hard to spot. Ten million jobs have vanished in under two weeks and the famous flattening of the curve is …

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