26 Burst results for "Century Foundation"
Unemployment Benefits Coming to an End for Many
"Cutting off extra federal unemployment benefits, some as soon as next week. Marketplaces Meghan McCarty, Carino looks at the labor market yet to come. It's not just that extra $300 a week in federal unemployment payments, most of these states are ending. It's also benefits for gig workers, freelancers and the long term unemployed. Like Marcellus, Row in Dunwoody, Georgia, where federal benefits will end June 26. I will be receiving nothing. Unfortunately, I have no idea how I'm going to live. Day by day Row, lost his job in a public transportation agency last year and says he hasn't found work to match his previous pay of $16 an hour another. How is just not gonna put it? As economies reopen and the dangers of the virus recede. Michael strain at the American Enterprise Institute says the additional benefits are doing more harm than good. I see a labor market where employers clearly want to hire workers, but there are not enough workers there to be hired. He says Scaling back benefits could incentivize more people to return to work. But Andrew Stettner at the Century Foundation says it's not so simple. We want to believe that we can just turn the lights back on, but that's not really how it works. Industries like tourism and entertainment have been slower to bounce back, and some people face health challenges or child care issues caused by the pandemic that prevent them from finding work. Those the ones on the federal programs, those people that have the greatest barriers to work. Rising vaccination rates might make it feel like we're done with Cove it But he says Covad isn't done with the economy. I'm making McCarty Carino for marketplace on Wall Street today. Well, the major indices were
First-Time Unemployment Claims Hit a New Pandemic Low
"First time. Claims number four hundred and six thousand as i said the lowest since the pandemic started a pretty solid sign. The labor market is working. It's way back but a we are nowhere near labor market normal and be that first time. Claims number is a look back. What already happened and with two dozen republican governors having said they are cutting off extra federal unemployment benefits some as soon as next week marketplace would megan mccarthy carino looks at the labor market yet to come. It's not just that extra three hundred dollars a week. In federal unemployment payments. Most of these states are ending. It's also benefits for gig. Workers freelancers and the long-term unemployed like marcellus row in dunwoody georgia where federal benefits will end june twenty six. I will be receiving nothing. Unfortunately i have no idea Going through live they buy day row lost his job at a public transportation agency last year and says he hasn't found work to match his previous pay- of sixteen dollars. An hour and all album is just not going to cut it as economies reopen and the dangers of the virus recede michael strain at the american enterprise institute says the additional benefits are doing more harm than good. I see in your market. Where employers clearly want to hire workers but there are not enough workers there to be hired he says scaling back benefits could incentivize more people to return to work but andrew staedtler at the century foundation says. It's not so simple we to believe that we can just turn the lights back on But that's not really how it works. Industries like tourism and entertainment have been slower to bounce and some people face. Health challenges were childcare issues caused by the pandemic that prevent them from finding work. Those are the ones on the federal programs. Those people that have the greatest barriers to work rising vaccination rates might make it feel like. We're done with cove ed. But he says covid isn't done with the
"century foundation" Discussed on KQED Radio
"How would you describe The state of the economic crisis that President Biden has inherited. I think he's had picking up the economy. And thanks for having me at a very low point, perhaps a nater, given the way in which the surgeon of pandemic Cut off the recovery and increased layoffs toward the end of the year and alongside up alongside it. Unemployment claims. It's really all about the vaccine. That's the life in the tunnel. As this program was forward, the economy can recover, but not before then. Yeah, And let's talk about how President Biden is addressing it is still early. But today he's signing the Buy America executive order that would help spur US factories. Is that any different than what Trump did and will it work? I think it will inspire more aggressive action. Plus, he's put a team in place that hopefully can do a better job of following through the Trump administration. The rhetoric around by America and Manufacturing was certainly always there. But the follow through wasn't and when comes to them only by America. It's really all about the loopholes in the details, and I am confident that the direction and the team around this administration will do better to make sure that when taxpayer dollars are spent You know, it translates into American jobs. So those are the executive orders. There's also an effort in Congress. Of course, lawmakers approved some help for people out of work with last month's Koven relief build, and now the Bite administration wants to extend those benefits through September. What do you make of the Biden legislative agenda so far? You know, I think it's we're very pleased, and I think the $1.9 trillion package, you know, struck the right notes. It has both the public health provision that I needed to boost jobs on help. You know the process of economic recovery and when it comes to the unemployed would extend what have been very effective and popular programs of unemployment benefits. Extend them to gig workers and those who usually left out plus a what would now be a $400 per week top off and unemployment benefits and critically because those don't reach everybody and people were left off of them through most of the fall, and they would increase the stimulus payment from just $600 a week per person to $2000 per person. So that combination or some of the critical anti poverty programs in this taken together Really will prevent millions of Americans from falling into poverty because the economy has not recovered. He's we will that have been there really through no fault of their own. So what do you say to some senators who are reluctant to spend more on another covert relief bill? If we don't invest the money now we're going to handicap the ability of the economy to recover. We can't wait until situation gets bad and try to act retroactively. We have been down this road before. During the financial crisis. We thought we passed the big stimulus. Pretty much everyone found out that it was too small pretty soon, but there wasn't the political will to act again. So we need to act now in this package to make sure the economy has a fuel to recover, and also families are at the end of their rope at being out of work at for nine months. At this period, there's nothing left in their savings. They strained their family relationships. We need to let make sure they have a bridge. You know, we don't usually know where the light in the end of the tunnel is, but we can actually see it now, you know, with the vaccine production. What? We cannot cut people off until we get there on day. I am hopeful that we will extend these on point benefits in particular, You know, till at least the end of September, like the president has asked You know, it's interesting that what we've been talking about our, you know, ultimately short term fixes to the unemployment crisis. What should Biden in Congress do to address these problems? Over the long term. You know, we need to have structural process, You know, Starting with the application and infrastructure, people waited months. There probably are a few million that's still haven't got paid their benefits off of last year. We to fix that with the right technology. We need to have roles that equalize things. Regardless of what state you're working in on living in on, you know, and lastly, we should not leave. The critical issue of additional benefits during a recession up to the whim of Congress. There should be automatic triggers related to the level of unemployment in the country at the time. Understanding her senior fellow at the Century Foundation of Progressive Think. Tank,.
"century foundation" Discussed on WLS-AM 890
"The CDC director has warned over the next 60 to 90 days, we're gonna lose Maura Americans per day. We lost on September 11th or Pearl Harbor. This year's been in economic challenge for millions, but without a new agreement assistance programs under the cares act expire at the end of the month. Andrew Stettner, a senior fellow at the Century Foundation, warns that many people don't realize that's coming. That is kind of a cliff. That People were ignoring their starting to become aware of it, But I think it's gonna hit hard as you get closer to the holidays and a new deal likely to the topic of debate for another week in Washington ahead of a scheduled congressional recess. President Trump on Twitter take criticizing the Supreme Court declining here. A lawsuit filed by the attorney general of Texas have been to overturn election results. The court saying that under the constitution, Texas had no constitutional right to tell another state out of running selection. That's why the court, including three justices, President Trump appointed rejected the lawsuit to overturn the wind for Joe Biden in Pennsylvania, Michigan, Wisconsin in Georgia. The Trump campaign isn't done trying. It will run ads this weekend aimed at those state legislatures asking them to quote stop this. Steal by denying Joe Biden Slate of electors. Andy Field, ABC NEWS Washington You're listening to ABC News. Eden's Expressway Good. Kennedy Up on the crunch of Montrose is now about before he seen a crash in the left shoulder. Blowing a bugle into a wall. Damn right express lanes going in my Garfield. That crash has been clear. But then further to the first slumber records off on the right shoulder. Skyway looks good to the seven going out by the callous act. You know, we have a crash is all new to water in the roadway. Supported Mountain, Michigan. We have a jackknifed semi trailer right now It's gonna be off on the right side itself off the graphs and driving a stomping your from college grove on the toll roads going. The Adams eastbound Irena crashing the tour. I'm lanes. East around the Grand Brother crash vehicle hit the left wall from the W well as Amy 90 driving center. I'm Dan Let me in the next 17 30 minutes..
"century foundation" Discussed on WTVN
"Fizer is covert 19 vaccine on Friday. The rush is under way to ship it to sites across the country, FDA Commissioner Stephen Hahn says today. While this year has been marked by tragedy, sadness and sacrifice It is also a year that has generated unparalleled scientific achievement. It will resonate for many future generations. But right now the virus is flooding the country. Friday was the deadliest day so far of the pandemic. Johns Hopkins University says 3309 deaths were reported ABC Trevor all says so many Americans, they're drowning every day. The CDC director has warned over the next 60 to 90 days, we're gonna lose Maura Americans per day. We lost on September 11th or Pearl Harbor. This year's been in economic challenge for millions, but without a new agreement assistance programs under the cares act expire at the end of the month. Andrew Stettner, a senior fellow at the Century Foundation, warns that many people don't realize that's coming. It is kind of a cliff that People were ignoring their starting to become aware of it, But I think it's gonna hit hard as you get closer to the holidays and a new deal likely to be the topic of debate for another week in Washington ahead of a scheduled congressional recess. President Trump on Twitter take criticizing the Supreme Court declining here. A lawsuit filed by the attorney general of Texas a bid to overturn election results. The court saying that under the constitution, Texas had no constitutional right to tell another state out of run its election. That's why the court, including three justices, President Trump appointed rejected the lawsuit to overturn the wind for Joe Biden in Pennsylvania, Michigan, Wisconsin and Georgia. The Trump campaign isn't done trying. It will run ads this weekend aimed at those state legislatures. Asking them to quote Stop the steel by denying Joe Biden Slate of electors. Andy Field, ABC NEWS Washington You're listening to ABC News. This is it. More than 10,000 new cases.
"century foundation" Discussed on KOMO
"What's it mean for local hospitals for distribution? We'll share with you what they say The first nothing from ABC. It is seven o'clock from ABC News. I'm Brian Clark after the FDA granted emergency use authorization for Fizer is covert 19 vaccine on Friday. The rush is underway to ship it to sites across the country, FDA Commissioner Stephen Hahn says today. While this year has been marked by tragedy, sadness and sacrifice It is also a year that has generated unparalleled scientific achievement. That will resonate for many future generations. But right now the virus is flooding the country. Friday was the deadliest day so far of the pandemic. Johns Hopkins University says 3309 deaths were reported ABC Trevor all says so many Americans, they're drowning every day. The CDC director has warned over the next 60 to 90 days, we're gonna lose Maura Americans per day. We lost on September 11th or Pearl Harbor. This year's been in economic challenge for millions, but without a new agreement assistance programs under the cares act expire at the end of the month. Andrew Stettner, a senior fellow at the Century Foundation, warns that many people don't realize that's coming. That is kind of a cliff. That People were ignoring their starting to become aware of it, But I think it's gonna hit hard Azi get closer to the holidays and a new deal likely to be the topic of debate for another week in Washington ahead of a scheduled congressional recess. President Trump on Twitter take criticizing the Supreme Court declining here. A lawsuit filed by the attorney general of Texas of it to overturn election results. The court saying that under the constitution, Texas had no constitutional right to tell another state out of run its election. That's why the court, including three justices, President Trump appointed rejected the lawsuit to overturn the wind for Joe Biden in Pennsylvania, Michigan, Wisconsin and Georgia. The Trump campaign isn't done trying. It will run ads this weekend aimed at those state legislatures. Asking them to quote Stop the steel by denying Joe Biden Slate of electors. Andy Field, ABC NEWS Washington You're listening to ABC News. This is an advertisement paid on. Attorney spokesperson. Regular.
"century foundation" Discussed on NewsRadio WIOD
"The rush is underway to ship it to sites across the country, FDA Commissioner Stephen Hahn says today. While this year has been marked by tragedy, sadness and sacrifice It is also a year that has generated unparalleled scientific achievement. That will resonate for many future generations. But right now the virus is flooding the country. Friday was the deadliest day so far of the pandemic. Johns Hopkins University says 3309 deaths were reported ABC Trevor all says so many Americans, they're drowning every day. The CDC director has warned over the next 60 to 90 days, we're gonna lose Maura Americans per day. We lost on September 11th or Pearl Harbor. This year's been in economic challenge for millions, but without a new agreement assistance programs under the cares act expire at the end of the month. Andrew Stettner, a senior fellow at the Century Foundation, warns that many people don't realize that's coming. It is kind of a cliff that People were ignoring their starting to become aware of it. But I think it's gonna hit hard as you get closer to the holidays and a new deal likely to be the topic of debate for another week in Washington ahead of a scheduled congressional recess, President Trump on Twitter take criticizing the Supreme Court declining here. A lawsuit filed by the attorney general of Texas a bit to overturn election results. The court saying that under the constitution, Texas had no constitutional right to tell another state out of run its election. That's why the court, including three justices, President. Trump appointed rejected the lawsuit to overturn the wind for Joe Biden in Pennsylvania, Michigan, Wisconsin in Georgia. The Trump campaign isn't done trying. It will run ads this weekend aimed at those state legislatures asking them to quote Stop the steel by denying Joe Biden Slate of electors. Andy Field, ABC NEWS Washington You're listening to ABC News. This is an advertisement. If you're with one of the other car insurance agencies time to switch to Australia Insurance for the lowest price our partnership with progressive saves you more. Visit Australia insurance dot com from the extra insurance traffic center. Earlier crash 95 north and its sample road no longer blocking the offerings left lane. It is now all clear. We still have our accident on 95 north bound before Oakland Park Boulevard to right lanes remain blocked, thanks to that crash..
"century foundation" Discussed on KIRO Radio 97.3 FM
"And if you can get tested in three or five days, that's also a very good idea. Secretary of Health Admiral Bret Jura on CNN US Corona virus Infections fell on Saturday from a record high a day earlier. But experts warn there still a concern. CBS is Mark Strassmann. Reports from Atlanta virus had a chance to catch up with lots of family in jammed airports and in stores with black Friday deep discounts at current rates roughly 114 more Americans. Has positive every minute 65 more Americans die from Cove it every hour. America could start to see 3000 covert deaths a day more than died on September 11th mixed reaction from businesses in Washington over covert restrictions K i r O T V s Jessica Oh, in Seattle. I'm doing 1/4. What I did a year ago. Many Washington businesses don't see the shutdown as a saving grace take out only doesn't cut the mustard. But the Bellevue Brewing Company says the governor's shut down is the reason they're still afloat. We're not surviving the shutdown. We're surviving because of the shutdown, but will they survive without benefits, which expire next month, the century Foundation of Progressive think tank estimates 12 Million people will lose crucial unemployment benefits. December. 26 2 programs under the coronavirus aid relief and Economic Security or cares Act will expire. Unless Congress can reach an agreement. Under new stimulus bill A lapse in benefits could have a detrimental impact on the economy. As these government programs have helped. Many families and businesses just stay afloat. CBS, says Omar via Franka President Trump Still sounding the alarm about voter fraud, he explained. His reasoning to Fox is supposed to be when the machine breaks down. Well, no. We had glitches where they moved thousands of votes from my account to Biden's account and these air glitches, so they're not blotches there theft, their fraud, absolute fraud. Major hit to an NFL team or from KCNC. TV s Romi Being the Broncos Don't have a quarterback available to play Drew luck. Brett ripping and Blake Bortles were all sent home after contact tracing questions with backup quarterback Jeff Driscoll know Jeff Driskel tested positive on Thursday, lock ripping and Bortles all tested negative..
"century foundation" Discussed on KQED Radio
"Angeles on con result it is Wednesday. Today 25. November. Good is always to have you along, everybody. We gotta hold cornucopia of economic indicators this morning ahead of Thanksgiving, some of which are worth being thankful for. As I said. Durable goods orders were a bit stronger than expected, So too, were new home sales and consumer spending. Others not so great. There were more first time claims for unemployment than expected and All in all, And as we've been telling you more than 20 million Americans are still getting some kind of government. Joblessness help. And here's the thing about that. There is no sign that relief is coming from Congress for this economy. And that means that for millions of people sometime between Christmas Day and the end of the year ah, whole raft of emergency programs that were put into place back in March. We're gonna end We're gonna be done. They're gonna be over so throughout the program today marketplaces Justin Ho. Is going to take us through some of the programs that are going to be ending and what that is likely to do to this economy. Two programs for the unemployed with a huge dollar impact on the economy are going away on December 26th. I'm talking about pandemic unemployment assistance meant for people who don't qualify for regular unemployment insurance, say gig workers and part timers and also pandemic emergency unemployment compensation, which keeps benefits going after people use up all of their regular state unemployment insurance. An estimate by the Century Foundation found that when those programs expire, the economy will lose about $2.5 billion a week and 12 million Americans will lose their benefits. In normal times that would force them to rely on non cash relief. But some of those programs are going away to those programs are going away. Justin is not back Couple more times he will be before we are done with more on what is not going to be happening in this economy come the end of the year. We will, though, continue with the idea of what Justin was talking about that the economic pain of this pandemic and the recovery such as it is, aren't being distributed evenly. There was more evidence of that today in two of the atoms in that government data cornucopia that I started with higher unemployment claims. Which is to say people losing their jobs is a sign that rising virus counts are hurting the economy. Still, but higher orders for durable goods is evidence that at least somebody out there is still shopping for big ticket items. Good places. Kimberly Adams reports on that dichotomy and this economy. Durable goods orders are up more than a percent from last month, but still down 9% from last year, says Scott Paul, president of the Alliance for American Manufacturing Randomly. He's a perfect example of why durable goods numbers keep improving. The only thing I was expecting this afternoon was washing machine delivery, Speaking of durable goods, because it our old one broke. Machines do break and need replacing families and schools need more computers for remote learning. Beth Livingston teaches business at the University of Iowa. I think that's one thing that has happened over the last six months is that we have a much better grasp on what demand looks like in the sort of pandemic economy. And it doesn't look good for in person services show parts. Moloch owns a shrinking chain of hair removal salons on the East Coast. We had eight locations and we were growing before the pandemic, and we're at five locations and maybe even we'll have to go down to four. Tamala says revenues are down by half. She had to switch most of her employees to part time and she's exhausted. I always felt like I could work a little bit harder. Toe be able to provide for everyone as part of the company, and I think I can't work any harder to make it happen and just have to kind of wait and see and hope things turn around. Small is also frustrated with political leaders for leaving her and her employees to the mercy of the pandemic in Washington. I'm Kimberly Adams for marketplace. We are going to go back to that data cornucopia one more time, because why not beat a metaphor all the way down, right? We're gonna point out that consumer spending was up last month, though not as up as it was in September. So a sign of a slowing recovery, And as we enter the holiday shopping season, how much consumers spend matters more than ever. And it matters, especially for small business retailers in this economy, so we're going to follow three of them over the holidays to see how they're doing in this year. Unlike any other first up my name is Anne Ealing Hartman. I own Compass Paper company, which is a stationary and gift brand, and we are based, and Leland, a county, Michigan. Companies. Paper company has been in business for a little over five years now around March 15th when things were really starting to shut down 90% of our spring and summer. Orders were canceled, and we needed to shift to focusing on Our regular everyday customers. We went up 750% in those sales this year, which is a really big deal. But this year we went in having a plan of adding, you know. Six or seven employees, and that kind of went out the window and it's just everything feels uncertain right now, So any sale that we get is just Feels good, no matter how big or small, any Lang Hartman there in little in all county, Michigan, two more small business retailers coming up later on in the program. On Wall Street today, capping a short week, some up some down, which is kind of the way it goes. Most days. Stocks closed tomorrow. By the way, Half day on Friday. We'll have the details when we do the numbers. Okay,.
"century foundation" Discussed on KQED Radio
"Insurance, and the maximum number of weeks that workers can receive now is 46. So I think 99 would be a good place to start. But truly and honestly, I think Congress should look into automatic stabilizers for these policies to say that look extended unemployment insurance benefits will be in place until the unemployment rate drops back to the pre covert level. Before we let you go. Mario and Kate, I want to ask you both. What message you have for the nation's political leaders as you get ready to celebrate Thanksgiving. While unemployed. Mario would you go first for our political meters? It's um we elect you, Um We don't your constituents. I know that they hear people pleading for help. You know, because people are getting kicked out of their homes or in their places that they live in, and there's food lines. I mean, they can ignore the scorn they're happening. You know, and I'm starting t O think it's like depression of the 2020. You know, it's just strange to see. You know, I have only seen anything on TV. Now I'm living them. So please help. You know where the ones that elected. You help us. Hey, What about you? What would you say to political leaders right now? Yeah, just like Mario said. It's us that put you in office. And there isn't anything that's more important in my book. Then getting our, um Economy and everything moving again in A way that is safe for us during the pandemic, so right now we're all hurting and it's Not going to help anyone for 12 million people to suddenly have no income at all right. That's Kate McAfee in Cleveland. She's been unemployed since April. We also heard from Mario Sandoval, who lost his job in a Las Vegas steakhouse back in March. Elizabeth Penn Katia, co author of a report published by the Century Foundation on the Pandemic Benefits Cliff facing millions of unemployed Americans next month. Thank you all for being here today. Layla. Thanks so much. And finally today, journalist Hannah Haci Coates wrote his best selling book between the World and me as a letter about the cruelties of racism to his 15 year old son. That book now comes to life in a new television special..
"century foundation" Discussed on WNYC 93.9 FM
"Prepare for a holiday season marked by the ongoing tragedy of the pandemic, Millions of people are still out of work while the economy struggles to regain momentum. For many of those without jobs. This is an especially anxious time because two kinds of federal pandemic unemployment benefits approved by Congress back in March are set to expire December 26th the day after Christmas. A new report published by the Century Foundation, a progressive think tank, estimates that more than 12 million people will be left with little or no means of support when that funding stops. I learned more about what's at stake. We reached out to one of the co authors of that report. Elizabeth Panke, Adi She's a policy adviser. Employee America where she focuses on, among other things, unemployment insurance and labor market research. Thanks for joining us, Thanks so much for having me We're also joined by two people who lost their jobs in the midst of this pandemic and are dependent on those benefits right now. Mario Sandoval has been out of work since March, when the steakhouse where he worked inside a casino in Las Vegas, Nevada, shut down because of coded He's also a 38 year. Member of the culinary union there, Mario. Thanks so much for talking to us. I know this period isn't easy. Thank you Hadn and our third guest is Kate McAfee in Cleveland, Ohio. She was laid off back in April from her job as a chemist. Hi, Kate. Thanks for being here and speaking to us during a tough time. Thanks for having me. So we'll start with Elizabeth Can Cadi let's start with the national picture. The headline on your report says 12. Million workers facing jobless benefit Cliff on December 26. So that number includes people like Mario and Cate. Describe what you mean by jobless benefit Cliff Yes, Oh, Back. In March, Congress passed the Cara's Act, which had to temporary programs included in it that extended jobless benefits to workers who are typically not included in the unemployment insurance system, such as gig workers, independent contractors and part time workers. As well as an extension that provided 13 weeks of additional unemployment benefits for workers after the exhausted their state unemployment benefits. Both of those programs are set to end at the end of the year. And so workers who were on those two programs will be cut off from those programs the morning after Christmas. Right to Mario, I'm gonna turn to you now you've worked in your job. As a server at the steakhouse inside the Binion's casino in downtown Las Vegas for more than 30 years, And then suddenly that job was gone. Tell us what it's been like how you've coped without work the past eight months. Well, I'll tell you, the financial part has been really difficult, because, uh, I live with my daughter. We share home together and now Before that. We split the bills and that $750 portion that I paid into the total. You know, with the mortgage, the power gas Everything was 7 50. And with the $600 a month benefit that we're getting a two first into August could continue. I was continuing to pay that 7 50. But now that that's gone, you know I can't really pay that. So my daughter has been Footing the bill and the burden on her and come December. I have no idea what I'm going to do. And you testified remotely before a congressional committee about being unemployed during the pandemic. What did you tell lawmakers? What was your Message to them my biggest message with to do the right thing for the American people. You know, we need the carriage back the he wrote. I don't care what they call it. The American people need help. You know, we also need our health care. Um, I'm a cancer survivor. I have pre existing medical conditions, but that insurance I'm gonna pay over $1000 a month and Medicine, you know? Yeah. Not just good. Hmm. Just have the right to return to work because I know the business is going to come back to Vegas, and when it comes back, I want the right to go back to work off so the to be able to return to the job that you were doing. Okay, I'm gonna turn to you now. You've been unemployed since April. And as we mentioned your chemist, do you think you'll be able to find a job in your field anytime soon? Well, I certainly hope so. I'm uh Always looking. I've been interviewed a few times now, but it seems like most of the jobs in this area are very, very competitive at the moment for a few slots that maybe open. Yeah, and during this period, how important have these federal benefits been for you? And what does the date December 26 mean for you right now? Well, they've been very important for me and my family. I I'm married and we have two kids, and, um, it's my husband is still employed. He works for the National Park Service. But I was the primary wage earner for most of our time that we've been married. So losing my income has really been very hard on our finances. But for the entire time that I've been unemployed, we've cut our expenses as much as possible. And saved anything extra that we could and what we save during the summer is gone now, So if I lose the benefits on the 26th of December, we have nothing like we have nothing saved up and I don't know how we're going to pay for all of the bills that we have to pay. And we're just going into the holiday season. Woody, What are your plans? Well, it's going to be a pretty lean Christmas for us, but my kids will will make do they'll be fine. They have enough stuff, but we'll just be together. But it's ah It's after after that, that I'm really worried about about what comes next. Because, you know, then the mortgage is due and everything is due. And I don't know where we're going to come up with that money. Yeah. Elizabeth. I'm going to turn back to you. You make the case in your report that urgent action is needed to help people. Millions of people like Kate and Mario and other Americans. What exactly do you think Congress should do? I think there are two things that Congress should do. One. I think they should reinstate the program that topped off unemployment benefits back in March through the summer, they were topped off by $600 per week, in addition to the state benefits workers were receiving. And so that program expired on July 31st. And that should be reinstated for folks. Second anything that you know, back in the great recession. Extended benefit programs were extended. Such the unemployed workers could receive up to 99 weeks of unemployment.
"century foundation" Discussed on KQED Radio
"Of Americans relied on the first wave of coronavirus relief money to pay rent and mortgages keep their businesses afloat during the pandemic, or just to get by. Now, a number of relief programs are soon to expire, and negotiations over another coronavirus bill in Congress are still stalled for a deeper look at what benefits are set to expire. We have with us read Pickard. She's a business and economy reporter for Bloomberg News, and she's on Skype. Reed. Welcome to the show. Thanks for having me. Yes. So you and your colleague Olivia Rockman wrote about what? Soon coming to an end, starting with To federal unemployment programs that are expiring. The first one is for gig and self employed workers. Can you tell us about both of those? Yes, of course. So, um, the program for gig and self employed workers is known as pandemic unemployment assistance or P Way on, do it extended jobless benefits to those not typically eligible like this self employed and good workers on Dis has been a real lifeline for a lot of people because you think about, for instance, people are taking as many ubers. In the Century Foundation actually estimated that 7.3 million of these workers will see their P way expired The day after Christmas. Thea other program is known as pandemic emergency unemployment compensation PE, you see, and that is very similar to what we've seen in prior recessions. It's an extension of unemployment insurance payments for up to 13 more weeks once a person has exhausted their regular state unemployment insurance, so in most Seats. You get 26 weeks of regular jobless benefits. But in other states such as Florida or North Carolina, you get much fewer s O people have been rolling onto the PUC program at different paces, depending on you know where you live, and when you lost your job in terms of going back to the Century Foundation They also estimated that 4.6 million workers will see their pee You see benefits prematurely expire on December 20 sex. So that leads us to about roughly 12 million people that are poised to lose their cares. Act unemployment insurance benefits the day after Christmas. And you've been talking with some of them. Yeah, I've talked with people who are on P A and who are just watching the bills stack up and have been able to pay their full rent since July. So you add in the eviction moratorium expiring and Some people are really scared about what's gonna happen on. But I've also talked to people who have already run through all of these benefits who I talked to a woman in North Carolina who ran through they offer. About half the benefits is most states offer, and so she ran through North Carolina's unemployment benefits. And then she ran through Pete. You see, but Now. She told me she was looking at $4 in her wallet. And so it's a really tough time for a lot of people. Let's talk a little bit about that federal moratorium on evictions. It's for qualified renters. We've talked about this quite a bit on this show that expires December 31st. How does that moratorium working and who's potentially impacted? So there's the national moratorium and then several states have enacted their own suspensions. But just a handful of those state ones extend beyond your end s. Oh this This kind of looming deadline is still The December 31st death line. This one that's particularly we have now is one that was created by the Centers for Disease Control and Prevention after the protection that was from the cares act expired back in July. So many people haven't been able to pay their full rent in months. So getting a victim is very Real concern and it is one of the women we quoted in the article said Once a victim where do you find a landlord take you when you have no income to show? But landlords are also gonna really Turkey place especially little words that have mortgages so they have their own bills to pay. Yeah, it's it's a domino effect. The cares Act also gave relief to some student loan debt and paused, monthly payment requirements. What's happening there right, so student Dad is a huge issue, and Americans now have a stunning $1.7 trillion in student that most of that is up to the federal government. And because it's over to the federal government, most of it Applies for the assistance that you were that you just mentioned. And so the cares that suspended payments lowered interest rates to 0% in halted the collection on defaulted loans that cares Act has already expired. But President Donald Trump authorized the secretary of education to extend those Those protections until your end, But now we're quickly approaching your end. Congress is divided on relief. What are the options now? Could President Elect Biden take this on and really turn this around quickly when he takes office? Or could President Trump take this action on extending any relief right now? Joe Biden won't take office until late January. So you're you're still going to have a gap, But honestly, the picture is looking pretty bleak. I mean, from a Congress perspective you you mentioned there in a stalemate, and the latest I've heard from my colleagues on the hill is that Nancy Pelosi, a. Mitch McConnell remain at odds on the size of another stimulus package. A zoo you mentioned about President Trump for several of these protections. They were created through executive actions. But as of now, he hasn't Wind a plan to extend Thies programs on BCRA tech shins again through executive actions. Read. Pickard is business and economy reporter for Bloomberg News. Thank you so much. Thank you so much for taking the time. I really appreciate it. Well with congressional negotiations deadlocked, some states are trying to step in to offer coronavirus relief. In Colorado Democratic Governor Jared Pulis announced this week that he'll call a special session of the state legislature. Extraordinary times call for extraordinary actions. I'll be asking the General Assembly to take a critical legislation that will help Colorado families. In Colorado small businesses..
12 million Americans set to lose jobless aid day after Christmas
"Learning. Millions of Americans out of work in the pandemic will lose unemployment benefits the day after Christmas. That's when two cares. Act programs run out the Pandemic Unemployment Assistance program, which provides jobless aid to freelance and gig workers, the Century foundation says that would affect 7.3 million Americans, Another 4.6 million face being dropped from pandemic emergency unemployment compensation benefits. Border. Matt Piper says stimulus negotiations have stalled on
"century foundation" Discussed on KLIF 570 AM
"S passes 250,000 deaths blamed on the coronavirus, A drugmaker will ask the Food and Drug Administration to approve distribution of its vaccine visor, announcing its vaccine proved to be 95% effective in preventing infections and didn't cause any serious side effects. The company's CEO said they plan to file an emergency use request with the FDA on Friday, opening the Door for it to become the first covert 19 vaccine to hit the market boxes. Garrett Tenney of the infection rate in New York City has reached 3%. That's triggering a shutdown of the city's public schools. I want emphasize to parents to educators to staff to kids that we intend to come back and come back as quickly as possible. New York's mayor Bill de Blasio's still no agreement in Congress for another coronavirus relief bill, and that's about to impact. People who've been thrown out of work by the outbreak about 12 million Americans will lose their honor. Employment insurance by years in, according to a report released Wednesday. The report from two unemployment, researchers from the Century Foundation found that those Americans will lose their unemployment benefits the day after Christmas. You two deadlines Congress chose when it passed the cares Act in March. Separately, a nationwide eviction moratorium expires on December 31st, raising concerns that jobless Americans could fall into homelessness at the White House. John Decker Fox News report from the Australian military into war crimes, has found evidence that elite Australian troops unlawfully killed 39 Afghan prisoners, including farmers and civilians. Beginning in 2000 and nine and continuing through 2013, according to the Australian Defense Force chief who says 19 soldiers being recommended for criminal charges, including murder..
"century foundation" Discussed on WCBM 680 AM
"The company's CEO said they plan to file an emergency use request with the FDA on Friday, opening the door for it to become the first covert 19 vaccine to hit the market boxes. Garrett Tenney of the infection rate in New York City has reached 3% that's triggering a shutdown of the city's public schools want emphasized two parents two educators to staff to kids that we intend to come back and come back as quickly as possible. New York's mayor Bill de Blasio's still no agreement in Congress for another coronavirus relief bill, and that's about to impact people who've been thrown out of work by the outbreak about 12 million Americans will lose their unemployment insurance by year's end, according to a report released Wednesday. Report from two unemployment. Researchers from the Century Foundation found that those Americans will lose their unemployment benefits the day after Christmas do two deadlines Congress chose when it passed the cares act in March. Separately, a nationwide eviction moratorium expires on December 31st, raising concerns that jobless Americans Could fall into homelessness at the White House. John Decker Fox News report from the Australian military into war crimes, has found evidence that elite Australian troops unlawfully killed 39 Afghan prisoners, including farmers and civilians, beginning in 2000 and nine and continuing through 2013, according to the Australian Defense Force chief. Says 19 soldiers being recommended for criminal charges including murder. He also apologized for any wrongdoing done by the Australian soldiers. I'm Jack Callahan. This'd is Fox.
"century foundation" Discussed on WTOP
"Work with President elect Joe Biden's team until the General Services Administration determines Biden won. The election Secretary Alex Cesar says that is the case even as public health experts stress Ah smooth transition is a critical part of the government's response to the worsening Corona virus pandemic. Speaking at a brave a briefing, HHS is a czar says. We made it very clear that when GSC makes a determination, we will ensure complete cooperative professional transitions. And planning sources are telling CNN Emily Murphy, the Trump of pointy leading G s. A is working to interpret vague agency guidelines and to follow what she sees as president toe wait to sign off on the election result. She's not publicly said what that definitive line is, and states are still in the process of working toe certify the results. 12 million Americans could lose jobless benefits in the coming weeks if Congress doesn't pass new coronavirus legislation wt Opie's Mitchell Miller on Capitol Hill, the two pandemic jobless benefit programs approved by Congress will run out at the end of next month, and frustration that nothing has been done was made clear in a floor speech by California Democrat Josh Harder. What the hell is happening in Washington during this single minute? Another American will die from Cove. It and even more people are slipping into poverty because this count can't get its act together. In the Senate Majority leader Mitch McConnell says Republicans want to pass a bill but not the massive measure supported by Democrats. The problem is that their proposal is a multi trillion dollar left in stock that never had a chance. As for the unemployed, the estimate of 12 million losing benefits comes from the Century Foundation, a progressive think tank. In another development, House Democrats have voted to return House Speaker Nancy Pelosi for another term as Speaker Ah House floor vote must follow in January on Capitol Hill, Mitchell Miller. W T o P News.
Can unemployment insurance be fixed?
"Thirty eight days a little bit more than a month gets you to the day. After christmas and the expiration of most of the federal unemployment programs that were passed last spring in the cares. Act that in and of itself is not good economic news. Neither to is the reality that there are no negotiations happening right now. In congress on more relief democrats and republicans aren't even talking and so according to research out today from the century foundation twelve million people who are out of work in this economy are thirty eight days from losing their benefits. Marketplace's nancy marshall genzer explains what that's gonna mean for them and for us without a deal. December twenty six will be a grim day for unemployed workers and a us economy andrew stenner with a century foundation. Says it's like twelve million workers and their spending power will fall off a cliff. Even if you thought you had ten eleven twelve nine weeks left. You won't get those weeks. You get cut off that exact week. Benefits for gig. Workers and the self-employed are ending as is federal. Help for most people who've exhausted their state benefits stettler says black workers in the service sector will be hit especially hard since so many of those businesses have closed. Kimberly austin is a black artist. Who lost her job. As a face painter at legoland near san diego she wants federal action now. The should not eat a political joke to anybody. This makes no sense. Austin has been getting by on two hundred eighty five dollars a week in unemployment. she's uninsured and the inhalers she needs for her. Asthma cost. Two hundred dollars jason. ye doesn't have health insurance either. He's an accountant in los angeles. Who was laid off last june. He's been living on four hundred fifty dollars a week plus his savings. The cliff will be bad because eventually with no benefits. Then you know it'll be a hundred percent savings. He says savings will run out in february. He could tap into a retirement account but he's only fifty five. That means an early withdrawal penalty at penalty waiver in the cares act also expires at the end of the year.
The $20 billion missing from this economy
"Los Angeles I'm Carl Rozelle Thursday I believe the twenty second of October has always to have you along everybody. We're going to start today with a story about something in this economy that is not there that isn't happening and what that means. We're going to set it up by noting that seven hundred, Eighty, seven, thousand people lost their jobs last week and made first time claims for unemployment benefits less than the week. Prior, it should be said, and also that the Labor Department adjusted downward is numbers for the previous couple of weeks. And that's good. It really is but the number of people on government assistance because they have lost their jobs is still stratospheric. Lee High millions of them are running out of benefits and as you know, those extra six, hundred dollars a week went away in August. And that to get back to the thing that's missing is sucking billions of dollars out of this economy compared to earlier in the pandemic how many billions? Marketplace's Mitchell Hartman gets the lead story today. The answer is. Twenty billion dollars a week. That's how much is not getting into out of work Americans, pockets since a bunch of federal assistance programs for the unemployed started running out in midsummer Andrew Statler at the Century Foundation says based on Treasury data, they were getting twenty six, billion a week that as come crashing down to just six billion dollars, it's much less support to. Families and to the economy than we had six hundred a week in federal pandemic payments expired at the end of July the President's partial replacement program ran out of money last month also folks laid off back in March and April are now running out of their twenty six weeks of state jobless benefits some but not all are getting a thirteen week federal extension. Unemployment benefits now average three twenty a week across the country. It's even less for gig workers on pandemic on employment assistance and that has made a huge dent in the purchasing power of households suffering unemployment says Mark Hamrick. Dot Com, they are really having to scrape to get by these days just for basic needs such as pay for shelter, pay the bills to put food on the table and forget about luxuries. That's exactly what Brooke Wetzel has seen play out in her florist business in La when the economy started to open up late spring sales picked up but since August things have gotten pretty slow people might have that you know extra fifty to seventy five dollars per fire arrangement. So woetzel's working part time now spending the. Rest with her homeschooling kids I'm Mitchell Hartman for
"century foundation" Discussed on WNYC 93.9 FM
"Is one of those counts, make sure you get counted by the way. Anyway. In addition to doing that the senses does all kinds of other measurements off this country and this economy, including out this week, a snapshot of health insurance coverage in 2019. The census says 9.2% of People did not have health insurance that's up a bit from 2018. And now in the middle of a pandemic as we are all the more newsworthy marketplaces Kimberly Adams explains. Health insurance in the U. S. Is a patchwork of programs, private insurance, Obama care exchanges, Medicare, Medicaid, but altogether nearly 30 million Americans went without coverage at some point in 2019, and that was a Nen crease of about a million people from from the previous year. Jen. Maturity is a senior fellow at the Century Foundation, and those numbers were looking before the pandemic since then, while Missouri says Thie estimates vary widely, an additional 5 to 10 Million people may have lost health insurance. That's because most of the people who did have health insurance last year got it through their employer. Catherine Baker is Dean at the University of Chicago's Harris School of Public Policy. We're seeing some of the consequences of having your health insurance tied to your job. In 2019 as well as of course in 2020. We're expecting to see Big declines an employer sponsored insurance because a lot of people are losing jobs. And what happens after that depends on where they are. Along with things like age and income. Sharon Stern is an assistant division chief at the Census Bureau. There's a variety of factors. But without a doubt both private and public coverage rules vary by state. Some states changed rules around Medicaid access in light of the pandemic, or gave people on extra chance to sign up if they found themselves suddenly eligible for the program. Here's Catherine Baker at the University of Chicago again. So all of the state choices about extension were not, too would stand about how hard you worked to enroll people about how streamlined to make the application process. All that matters a lot for coverage. And she says it's going to matter Ah lot more this year because, you know pandemic in Washington. I'm Kimberly Adams for Marketplace. We heard Subregion talking earlier about the latest numbers on retail sales, restaurants and bars, he said, saw the biggest.
"century foundation" Discussed on WNYC 93.9 FM
"Gonna do a couple of stories now about gaps in this economy gaps on the personal economy side. And gaps on the business economy side as well. It is seven weeks now. Since those extra unemployment benefits tens of millions of people have been depending on one away, Neil I was talking about that. It's been five weeks since since President Trump's temporary and partial replacement took effect using FEMA disaster relief money. And it's been 5.5 months since Congress passed, the cares act and deep and Neal and I were talking about it. We are nowhere on more government money for this economy, possibly not till after the election. So how is that working out in our personal economies? At the end of July about 25 million jobless Americans suddenly lost $600 a week in federal benefits from their weekly unemployment checks, leaving the typical recipient with 3 25 a week on average across the country. President Trump's Pandemic Unemployment replacement scheme, announced in early August was slow to get off the ground, says economist Andrew Stettner at the Century Foundation, the stop gap that was when the place was tardy and insufficient and is already running out. So far about 20 states have distributed the FEMA benefits most at $300 a week. More states have applied for their FEMA money, which is captain 44 billion nation wide enough to cover just six weeks of benefits. Almost as soon as he will get the money, you know they won't be getting any more bystanders calculation about $10 billion in extra jobless benefits have been paid out so far under Trump's so called Lost Wages Assistance program. Compared to 68 billion that would have gone out. If the original 600 a week payments had continued. Johanna mayor health care worker is trying to cope with the loss of that extra federal money. She lives in Maryland and has three elementary age kids all at home. Right now. She and her husband have been out of work since the pandemic hit. Both have received unemployment. She's been struggling since their federal pandemic benefits ended in July. I mean, it's a significant difference. Our rent alone is $2000 a month, Maryland just announced it will start paying out the extra 300 a week in benefits, but it hasn't cut any checks yet. For mayor and her family. So now I'm trying to survive and pay our rent or build on our food on what amounts to $645 a week. I mean, it's not survivable year, according to a poll by Ipsos three out of four Americans support additional payments to people unemployed due to Corona virus. I'm mental Hartmann for marketplace. Okay. Mitchell did gaps in personal economies. Kimberly Adams is going to do gaps in business economies, Brick and mortar retailers are doing everything they can to get by. We've been telling you about that. And yet some of those retailers aren't getting by. We told you yesterday about the clothing change century 21 shutting down and Yes, there is. The pandemic has a cause. But the company also said in its announcement in pretty direct language that it's insurance company was to blame as well. Could police Kimberly Adams explains that one Century. 21 really didn't mince words saying it's insurers had quote turn their backs on us at this most critical time. The company says that despite having business interruption insurance when business was interrupted due to Cove in 19 claims weren't paid out in this case, like many others around the country..
What will out-of-work Americans do without that extra $600 per week?
"We begin this week at the end of July in a year. Ain't none of us. GonNa Forget by pointing out the enduring reality of vis economy, thirty two and a half million Americans aren't working. They are trying to get by on expanded federal unemployment benefits expanded in who can get him gig workers, the self-employed people who can't go to work because school is closed, or because somebody in their household is sick. They all get them. Those benefits are also expanded in how much people can get the extra six hundred dollars a week? You've been hearing so much about here and elsewhere. You've also been hearing. I'm sure that the last of those checks go out in like a week. Unless Congress and the White House decide to do something. Marketplace's Mitchell Hartman gets is going. Back, in March Austin, Texas was gearing up for the annual south by southwest. Festival and everyone theater folks waiters, bartenders car share drivers was about to be working round the clock for a whole month, and making a significant chunk of their annual pay, then covid nineteen hit, the city announced that was going to be shut down. It just pulled the plug out from under every day Stephen Pruitt's lighting, designer and videography. videography he had gigs setup for south by southwest, and then he was going to China with Texas, tap dance troupe, instead myself and everyone else just lost every job that we've had before the pandemic. He'd been out of luck. Freelance workers aren't typically eligible for jobless benefits. But Washington made them eligible and added six hundred dollars. A week to everybody's on employment checks. It's been the difference between you know my rant. Versus, not if Washington doesn't extend the six hundred dollar week, pandemic payments come August pruitt will be getting a Texas sized unemployment check of two hundred a week. Like at that point. I'm probably still paying my rent, but I may have to talk to my bank about Can I defer my car loan? Okay? I can still survive, but now I'm going to be figuring out how to prioritize which bills to. To pay all over the country, people in states with comparatively low jobless benefits like taxes will face a fifty to seventy five percent. Pay Cut at a time when getting a new job isn't necessarily easy or safe. Says Andrew Staedtler at the century. Foundation, and that means people worried about losing their housing having to move in with relatives. You're not really be able to get by on unemployment benefits. Staedtler says. The federal supplement will suck twenty five billion dollars a week out of the economy. Money people spend right away on essentials. Rent food transportation. The money is also keeping some small businesses alive like an assemblies bakery in Kansas City. where she is cooked server and businessmen. When the state shutdown she got on pandemic on employment. It's gone towards shop expenses I. Mean I still have to pay rent? Even when I'm close and utilities, and all that I haven't had any revenue really when the state re opened, she was no longer eligible for unemployment, so she reopened fully masked takeout only and then Monday I woke up with flu symptoms and went to the doctor I'm presumptive positives shows quarantining now and her shop. Shop is closed if she doesn't start getting unemployment payments soon. She's not sure she'll be able to reopen. I'm Mitchell Hartman for marketplace exactly how much spending power that extra six hundred bucks gets. It varies a whole lot of course depending on where you are colleagues at the APM. Research labs of in Saint Paul of built an interactive map that will give you some sense of it. You can check that out at marketplace dot ord. Should say here by the way that there are talks said on an economic package tomorrow up on Capitol Hill. The GOP wants to hold it to a trillion. Democrats in the House already passed a at three and a half trillion. Those obviously are the starting
Scared To Return To Work, Or Can't With Kids At Home? Here's What You Need To Know
"A lot of people who work at restaurants hair salons and other close contact type. Jobs are scared that they'll get sick. Is businesses start to reopen others? Say They can't work because their kids. Schools are still closed as a result. These people would rather stay on unemployment. So what options do workers have? Here's NPR's Chris. Arnold Lindsay is a waitress and I am. Who's been out of work for two months but this week the pug style restaurant that she waited tables at is reopening. I don't feel comfortable going back yet. I don't feel comfortable at all. I don't think that there's any way with people eating food. Not having masks on with servers having to touch their plates and their silverware. There's just absolutely no aid to keep the servers safe. Lindsay says her restaurant setting up increased handwashing and disinfecting rules and spacing the table six feet apart but she doesn't think that that's enough. Were only using her first name because she's worried about losing her job and she just feels like it's too early for restaurants to reopen. I believe that restaurants are one of the most unsafe places I mean obviously other than the various essential jobs and that's the thing that restaurants aren't as essential if we can do delivery and takeout. That's totally fine. But it's insane to put yourself in that sort of risk category just so you can walk. People their food to their table. Also she sees younger people not social distancing even having keg parties in not wearing masks and she worries that those same people will come into the restaurant. Still if your employer offers you your job back and you refuse it. Generally speaking you're not supposed to be able to keep collecting unemployment. But there are exceptions and strategies. That workers should know about Andrew statiners a worker protection expert at the progressive think-tank the Century Foundation. He says for people like Lindsey. The best place to start is by talking to your employer and say you know what I don't feel comfortable comeback back right now maybe in two weeks. I might feel comfortable once. You've got things rolling. We know how this is all working out. Can I wait? And if your employer says okay. Sure I can't even bring everybody back in anyway then. Your unemployment benefits won't stop. That's something that any worker can try. But beyond that some workers have special protections. My big concern is that most workers don't understand their rights here. Michelle Evermore is with the nonprofit National Employment Law Project. She says if you have a medical condition like diabetes heart disease and immune deficiency and your doctor advises against going to work during the pandemic Congress voted to let people in that situation collect unemployment. You have an underlying condition. I contact your employer and explain why you can't return to work and then explained to the state agency why you can't report to work and you should be eligible to remain on unemployment assistance. Evermore says the decision is made by the state unemployment office when she says a letter from. Dr Should help then. There's the problem of parents who are stuck because they can't do their job from home but they also returned to work because they don't have child care. Congress approved help for them to Hye. Feldblum is a lawyer with Morgan. Lewis and DC. She advises businesses as they reopen and. She says she tells many employers to consider letting those parents not return to work. Mine is unable to work because of child care needs because they school play here has closed then. That person is eligible unemployment. She says some people may be eligible for paid leave in addition to the unemployment benefits. But she says getting back to the safety issue. Just feeling unsafe. That's not enough to stay on unemployment now. If you just scared about going to work you have to go to work. In order to get paid studier and more say though if your workplace is not taking the basic safety precautions at similar businesses in the area are you can document that you might qualify to refuse to go back to that job and stay on unemployment. Chris Arnold NPR news.
U.S. weekly jobless claims remain elevated as millions more seek benefits
"Three point eight million people filed claims for jobless benefits last week well that's down from the previous week this brings us to a new disturbing total thirty million people have applied for unemployment in this country in the six weeks since the corona virus began and Pierre Scott Horsley joins us now to talk about these numbers he's got good morning Rachel all this doesn't get any easier does that with each passing week what are these what are these numbers say ritual that total of thirty million jobless claims over the last six weeks since the pandemic started taking a wrecking ball the job market that represents nearly one out of five people who had a job back in February so the pandemic has really put a very large crater in the job market and while initial claims last week were lower than the week before they weren't a lot lower we continue to see very high volumes of people filing for unemployment week after week and that's a just the initial shock from the stay at home orders issued more than a month ago now is continuing to ripple out and due to broader damage in the economy it's not just restaurants and retail shops but other businesses that supply those firms that have now been affected and then they're sort of unrelated things you'll Boeing just announced they're gonna cut ten percent of the company's work force I mean the steep decline in air travel from the pandemic has just exacerbated Boeing's earlier problems with its troubled seven thirty seven Max jet so we're also going to get the overall unemployment rate soon parade that's not gonna look good isn't no we'll get that official number next week and it's probably going to be higher than anything we've seen since the Great Depression of the nineteen thirties certainly well above the ten percent mark we saw during the worst of the financial crisis and as bad as that official unemployment number is it will almost surely understates the depth of the job losses for one thing it's based on a survey that was taken a couple weeks ago and we've now seen millions more people filing for unemployment since then what's more people who are still in lockdown you know won't be searching for new jobs and if you're not actively looking for work you don't get counted in the headline unemployment number so we might look at other measures you know just this week and P. R. released a new survey along with our partners at PBS newshour and Marist college which found fifty percent of Americans had either lost jobs or lost working hours as a result of the corona virus pandemics of the pain has really been widespread and Entercom after such low unemployment rate I mean it's just such an abrupt turnaround yeah that's right we've got for having the lowest jobless rate in half a century to the highest since the Great Depression in the span of two months so there really is some economic whiplash here federal reserve chairman Jerome Powell talked about this yesterday and he noted once again that the long running job boom had been really good for workers who are often on the sidelines of the economy minorities people with less education these marginalized workers had finally begun to see some gains it is heartbreaking frankly to see that all threatened now all the more need for our urgent response and also that a Congress which has been urgent and large and to do what we can to avoid longer run damage to the economy Congress has authorized unemployment benefits that are both more generous and more widely available during this pandemic period but those expanded federal benefits only run through the end of July and it's not all clear we're going to be out of the woods by them right and there were so many problems with people of the phone lines being one of them they just couldn't get through it to start the process to get the benefits absolutely you know state unemployment offices have just been overwhelmed trying to distribute the regular state benefits and they're only beginning to distribute these expanded federal benefits offices have been adding staff but they're saddled with antiquated computer systems that the safety net is really stretched in here Andy Stettler who's an expert on unemployment insurance at the century foundation says anyone who spent time talking with displaced workers knows that it's exasperating and confusing between filing and actually getting your unemployment
Broad implications of Saudi journalist death
"Natta story that's been dominating recent global headlines, it's about Jamal Khashoggi a Saudi Arabian journalist who disappeared last month before that he'd been critical of the Saudi King and the crown prince, but we now know the fifty nine year old died in the Saudi Arabian consulates in Istanbul. The circumstances surrounding that are disputed, and it's also raised questions about the relationship between the United States and Saudi Arabia. So to learn more about the broader implications of what's happened. I spoke to Michael what he'd Hannah he's from the century foundation in New York, and is an expert in US foreign policy in the Middle East with the collapse of the traditional Arab political order would states like Egypt Syrian Iraq in K off the United States has relied even more so on Gulf countries since two thousand eleven and Saudi Arabia has taken a major role in terms of United States strategy in the region and really. The Gulf has a sumo a kind of centrality and importance that it is never had previously. Now, use vice president paints recently told a Washington Post forum the killing of Jamal Kosovo g has shaken that relationship. So in your view, what impact has this incident head so far? Well, clearly, the initial impulse of the administration was not highlight this not to seek any kind of major recalibration or reorientation of the bilateral relationship. But the killing has struck a nerve it has refused to leave the headlines. And of course, that has been Abeille pushed along by president aired on and Turkey. So the story has been front and center in a way that has forced the Trump administration to continue to reckon with it. And so whatever initial impulses the administration had I think they've been forced to revisit that approach. The investor. Conference. They obviously eventually at a later date pulled out that conference was is a yearly event meant to showcase Saudi Arabia's important investment opportunity and financial player in the region and beyond. And so it's it's one of those instances that shows the ways in which the administration has been forced to reckon with the situation in a way. Perhaps it runs contrary to their initial impulses. Text it back for a moment. What was it about Jamal? Khashoggi's work would have concerned, the country's Cran prints. Well, he he was an insider he worked at one point four Prince Turki bin face Lou headed up in the eighties headed up Saudi intelligence and later than the Saudi ambassador to the United States and the United Kingdom. So this man for most of his life was an insider and was close. To power in Saudi Arabia. He clearly fell out of favor with the ascension of man and his son Hamad Benson men. The now crown prince and had become increasingly critical his stance on regional fairs shifted along with the two thousand eleven uprisings. He had is listening clinicians, which ran contrary to I think the prevailing a world view of the crown prince and others close to him, and he had left the country was living in the United States and writing very critically and prominently in the Washington Post and more recently, those articles have been translated into Arabic so he was seen as a bringing unwanted attention to the reform efforts that the crown prince was assuring in in their view was undermining those efforts and tarnishing the Saudis, reputation, internationally and most importantly with its key ally. Why the United States? Can I ask you about US president Donald Trump's response in in a wide seems unclear at first there were concerns about an arms deal? And now he's described it as one of the worst cover-ups ever way. Does the president stand on this? I'm not sure that he knows because his answers have been vague somewhat in coherent contradictory. They seem to have shifted over time. The story isn't going away it he's being forced to reckon with this in a way that I think his initial comments suggested he was not interested in he talked very brazenly. And I think for many people shockingly about arms deals of somehow, the kind of animating rationale the relationship and something that could be paramount always in our consideration. And that was the initial impulse right after this event hit the news as time has gone on. I think we've seen slightly more critical comments and whether they intended to to react. In this way, or not I think they are being forced to reckon with it. It's clearly a big issue in congress. And I would note that congressional frustration with Saudi Arabia has been building prior to this incident. Much of that focus on the war in Yemen frustration with the trajectory of the war frustration with the Saudi approach to the war. So this has only added to that it is a very difficult environment for Saudi Arabia in Washington because I do think the depth of frustration anger in congress is something that they're really going to have to contend with and his quite serious. This has put a spotlight on Muhammed Benson men's often reckless decision making whether that be in terms of his repression of political opponents at home or his conduct regionally and most prominently in the war in Yemen. So I imagine an I hope that issues like political prisoners in Saudi Arabia and the disastrous. Warren yemen. And it's almost unbelievable humanitarian consequences are going to be things that are brought front and center by these incidents. Mark Wahid Hanna from the century foundation. He was speaking to me from New York City.
"century foundation" Discussed on WRIR.org 97.3FM
"Joining us, and we will do a follow up on this very topic okay Much. More resilient and thanks so much thank you and again I be speaking with Robin hawk is. A professor of Lord Cornell law school he's research focuses on organizational financial and monetary law and economics in their national and transnational dimensions a fellow of the. Century foundation in a regular commission for the. New America foundation also does regular consulting work for the Federal Reserve Bank of. New York the International Monetary Fund Americans. For financial reform the occupy cooperative and a number of federal and state legislatures and local governments we're gonna take a brief station break we're. Back, looking, into the deepening rift between Saudi Arabia and Canada in which the US is clearly not making a stand on human. Rights Welcome back I'm Ian Masterson this. Is background briefing available twenty four seven at background briefing dot, org and joining us..
"century foundation" Discussed on PRI's The World
"Bit of iran he visited saudi arabia he got a lot of flack for this but he said we want to be friends with everybody but nobody's tool and that is actually a very significant development similarly is anti americanism helps a lot because he's actually in favor of limited cooperation with the united states on security and so he's in a position better than i think any of the other leading call additions to genuinely cloak iraq in some kind of independence that's really key to longterm stability is as long as foreign powers including around in the united states feel like they can act with impunity inside iraq iraq is going to be unstable and dangerous journalists than us combined us he's also a fellow at the century foundation in beirut good to speak with you again us thank you credits talk to you marco just ahead fighting for lgbt writes in costa rica all the way to the presidency you're listening to the world i'm marco werman and you're with the world if you don't watch latin american politics he may have missed the recent drama in costa rica the country has a new president carlos alvarado after a tumultuous campaign of arado said he wanted to legalize same sex marriage and expand public health options for transgender people his opponent and evangelical singer ran on an anti lgbt platform it was a moment of truth for costa rica's lgbt community sarah barrett has this story of one activist.