Labor Day Report: Economic Recovery Eludes Many Michigan Families

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "Labor Day Report: Economic Recovery Eludes Many Michigan Families"

Transcription

1 September 2015 Peter Ruark, Senior Policy Analyst Seema Singh, Policy Fellow Labor Day Report: Economic Recovery Eludes Many Michigan Families While Michigan s unemployment numbers have returned to pre-recession levels, and jobs con nue to be added, economic recovery is s ll extremely far-off for the 17% of Michigan individuals and 23.4% of Michigan children living in poverty. 1 There are a number of factors that help explain why economic improvements have not reached all families in the state, including con nuing high underemployment, the persistence of long-term unemployment and racial dispari es in unemployment. Addressing long-term unemployment and suppor ng workers who are stuck in part- me or low-wage work remains crucial. Understanding and reducing racial dispari es in unemployment is also key. State policymakers must adopt policies that will support families working toward economic security. These include reasonable unemployment insurance and a living wage, as well as investment in adult educa on and postsecondary training that connect workers to jobs that enable them to support their families. nothing about the loss of workers from the labor force over me. The good news about Michigan s unemployment rate must be seen in light of a significantly shrinking labor force and an increasing share of the state s working-age popula on that is no longer in the labor force. In 2000, when Michigan s economy was at its best in many decades, the unemployment rate was 3.6% and 69% of working-age adults in Michigan were working or ac vely looking for jobs. In 2009, when Michigan had its highest annual unemployment rate in recent years (13.7%), its labor force par cipa on rate had fallen to 63%. Since then, despite the unemployment rate improving each year, the labor par cipa on rate has fallen to less than 61% in Michigan. Michigan s labor force par cipa on rate was 60.5% in 2014 despite its lowest unemployment rate in many years, and was far below the Midwest labor force par cipa on rate of 65% (Figure 1). 3 Figure 1 MANY WORKERS IN MICHIGAN ARE STILL NOT BACK TO WORK Michigan s unemployment rate dropped to 5.3% in July 2015, the lowest it s been since While this is something to celebrate, it masks the fact that labor force par cipa on is low and that many workers have simply stopped looking for work. The unemployment rate measures the percentage of the labor force that wants to work but is not working; it does not measure the percentage of the working-age popula on that is unemployed or has le the labor force en rely. It also says Labor Force Participation Rate (Michigan Unemployment Rate Shown for Selected Years) 3.6% 13.7% 7% 10.4% 7.3% Source: Economic Policy Institute Analysis of Current Population Survey Data PROMOTING ECONOMIC SECURITY THROUGH RESEARCH AND ADVOCACY 1223 TURNER STREET SUITE G1 LANSING, MICHIGAN P: F: A UNITED WAY AGENCY

2 Number Unemployed Number Employed Total in Labor Force Michigan Unemployment Rate Compared With Total Number of Workers Source: Bureau Labor Statistics , , , , ,972 4,976,322 4,705,591 4,233,803 4,198,276 4,402,307 5,162,774 5,062,376 4,903,544 4,686,948 4,750,529 In addi on to the labor force par cipa on rate being low, Michigan s labor force itself is shrinking. Michigan s workforce has lost many workers in the past 15 years. In 2000, there were 5.16 million workers in the labor force (this includes all adults currently employed and unemployed), but by 2014, Michigan s labor force was comprised of slightly more than 4.75 million workers a loss of more than 412,000 workers since 2000 (Figure 2). 4 Workers leave the workforce for a variety of reasons: re rement, moving out of state (in some cases to look for Figure 2 or accept work), incarcera- on, full- me paren ng, a ending school full- me and death. Using 2000 as a baseline, in 2011, the number of Michigan s lost workers surpassed the number of currently unemployed workers. Although by 2014 the state regained some of its workforce, the number of lost workers con nues to exceed the number of unemployed workers (Figure 3). It is in this context of a shrinking labor force and a low labor force par cipa on rate that we must view the decreasing unemployment rate. The state s unemployment rate alone is not a sufficient measuring s ck and Michigan certainly has a long way to go to recover from the past 12 years of a poor economy. UNDEREMPLOYMENT AND LONG-TERM UNEMPLOYMENT While the number of jobs has increased and there are fewer unemployed workers, many of the jobs that were Unemployed Workers Versus Lost Workers Figure 3 Number of Unemployed Workers During Year Workers Lost Since 2000 (difference between number of workers during year and number of workers in 2000) Source: Local Area Unemployment Statistics MICHIGAN LEAGUE FOR PUBLIC POLICY SEPTEMBER 2015 PAGE 2

3 Unemployment and Underemployment Rates in Michigan Figure 4 reason to believe that the effects of the Great Recession remain, and many workers have simply given up searching due to limited supply of stable, livingwage employment. RACIAL DISPARITIES IN UNEMPLOYMENT AND WAGES created in recent years have been low-wage, part- me jobs that do not bring families out of poverty. Currently, 25% of workers over 18 are in low-wage jobs and almost a third (32.4%) of working families in Michigan are lowincome (below 200% of the federal poverty line). 5 It should be no surprise, then, that despite the decreasing unemployment rate, Michigan poverty remained high in 2013 at 17% total and 23.4% for children. This is made clearer when taking into account marginally-a ached and involuntary part- me workers. 6 These workers are not counted in the unemployment rate, but are factored along with unemployed workers into Michigan s underemployment rate of 13.9%, the fi h highest in the na on (Figure 4). 7 Unemployment in Michigan is generally higher and median wages lower for people of color. African-American and Hispanic workers in Michigan have much higher rates of unemployment than white workers. Although all three races of workers have benefited from reduced unemployment rates since 2010, in 2014 the unemployment rate for African- Americans was almost three mes as high as the rate for whites, worse than in 2010 when the rate was just over two mes as high. (Figure 5). While wages have remained generally flat over several decades for workers at large, there is a wide gap between whites and African-Americans due to a significant decline in wages for African-Americans. Economists offer several explana ons for this, mostly res ng on the greater impact the recession had on African-American communi es due to more limited assets compared to whites. 9 Since 2010, while the median wage of white Michigan workers changed very li le (-$.09), that of African-American Figure 5 Michigan s long-term unemployment share (the percent of jobless workers who have been unemployed for more than half a year) was at 6.5% during Michigan s economic boom in 2000, but was 34.8% in While this is an improvement from 49.8% at its height in 2010, the current rate remains a cause for concern. It is unclear whether the decline is due to a true reduc on in longterm unemployment or to workers dropping out of the labor force en rely. With labor force par cipa on dropping from 63% when the unemployment rate was at its peak to 60% in 2014, there is Change in Unemployment Rate by Race During Michigan's Economic Recovery MICHIGAN LEAGUE FOR PUBLIC POLICY SEPTEMBER 2015 PAGE 3

4 workers declined by a significant amount (-$2.23). 10 It is clear that African-Americans have not shared in Michigan s economic recovery to the degree that whites have (Figure 6). POLICIES TO HELP FAMILIES RECOVER A number of decisions by policymakers over the last five years have made it harder for families to make ends meet and move out of poverty. The length of me needy families can receive cash assistance has been cut drama cally, an asset test for food assistance has limited those who have access to food, and a cut to the Michigan Earned Income Tax Credit has raised taxes on low-income working families. In light of persistent long-term unemployment and racial dispari es in unemployment, policy changes are needed to help promote economic security. Modernize Michigan s Unemployment Insurance Program Unemployment insurance is a safety net for workers who have become unemployed, but in Michigan, it is not as effec ve as it could be. Currently, many Michigan workers are ineligible to access unemployment insurance benefits, and except in situa ons of work-sharing, the benefits are not available to workers when an employer needs to reduce hours during low-profit periods. Modernizing the system to allow workers who through no fault of their own have their hours cut, allowing part- me workers to receive benefits, and restoring the 26-week maximum (from the current 20-week maximum) are ways to improve Michigan s current system. Michigan can also make unemployment benefits available for workers Figure 6 Change in Median Wage by Race During Michigan's Economic Recovery who choose to leave work based on scheduling issues if the worker is unable to accept the posi on a er an agreed-upon trial period. These steps will give unemployed and underemployed workers the support they need as they look for work. 11,12 Adequately Fund Adult Educa on for Low-Skilled Workers Adult educa on serves the segment of the popula on that does not have the basic skills necessary to gain secure, family-suppor ng employment, or to succeed in occupa onal training that leads to such employment. Yet year a er year, state policymakers neglect to adequately fund this key workforce development program, making it less accessible for low-skilled workers who want to build their skills, become financially self-sufficient and contribute to Michigan s economy. Be er funding for adult educa on, along with expanding it into places such as community colleges and Head Start programs, will enable it to meet the demand more effec vely. 13 Restore Postsecondary Financial Aid Grants for Older Students The decision to get trained in new skills is o en made more than 10 years a er gradua on from high school. While state financial aid helps many students of tradi onal college age, there are no state financial aid programs to help students a end public community colleges or universi es if they have been out of high school for more than 10 years. Two of the three exis ng state grant programs explicitly exclude such individuals from eligibility, and the third is available only to those a ending private, not-for-profit ins tu ons. In 2009, grants specifically for older students were cut from the state budget. The Michigan Legislature had an opportunity to restore these grants during the budget process in 2015, but declined to do so. MICHIGAN LEAGUE FOR PUBLIC POLICY SEPTEMBER 2015 PAGE 4

5 Raise the Minimum Wage Due to the nature of the recent economic recovery and the reality of many newly created jobs being low wage and part me, maintaining the current four-step minimum wage increase as enacted by law is essen al. Indexing the minimum wage each year therea er based on either infla on or wage averages also has the poten al to li a significant number of families and children out of poverty. Ensuring that jobs pay a fair wage is an opportunity to provide workers with the financial support they need to succeed. ENDNOTES 1. Michigan League for Public Policy, Michigan Families Con nue to Struggle Since Recession, December Bureau of Labor Sta s cs. 3. Economic Policy Ins tute Analysis of Current Popula on Survey data. 4. Bureau of Labor Sta s cs. 5. Working Poor Families Project data generated by the Popula on Reference Bureau from the American Community Survey. 6. Marginally-a ached workers are individuals not in the labor force who want and are available for work and who have looked for a job some me in the prior 12 months, but were not counted as unemployed because they had not searched for work in the four weeks preceding the survey. (Discouraged workers and condi onally interested workers are a subset of the marginally a ached.) Involuntary part- me workers are individuals who work fewer than 35 hours due to inability to find full- me work or seasonal declines in demand and who want and are available for full- me work. 7. Economic Policy Ins tute, op.cit. 8. Ibid. 9. Pew Research Center, Wealth Inequality Has Widened along Racial, Ethnic Lines since End of Great Recession, December Economic Policy Ins tute, op.cit. 11. Ben-Ishai, Liz, Rick McHugh and Claire McKenna, Out of Sync: How Unemployment Insurance Rules Fail Workers with Vola le Job Schedules, Na onal Employment Law Project, August 4, Michigan League for Public Policy, Falling Short: Michigan s Unemployment Insurance Compares Poorly with Other Midwestern States, November For more informa on, see Michigan League for Public Policy, Willing to Work and Ready to Learn: More Adult Educa on Would Strengthen Michigan s Economy, March MICHIGAN LEAGUE FOR PUBLIC POLICY SEPTEMBER 2015 PAGE 5

Women s Agenda. A legisla ve agenda created BY working women FOR working women.

Women s Agenda. A legisla ve agenda created BY working women FOR working women. Women s Agenda A legisla ve agenda created BY working women FOR working women. Jobs Security Heavy job losses in public sector employment have not only slowed the economic recovery but more importantly

More information

Adecade into the 21st century, Michigan s longbruised

Adecade into the 21st century, Michigan s longbruised Michigan League FOR Human Services December 2010 Michigan's Economy Continues to Cause Pain: Communities of Color Take a Harder Hit Adecade into the 21st century, Michigan s longbruised economy continues

More information

ATTACHMENT 1. Sales Tax Revenue Forecast

ATTACHMENT 1. Sales Tax Revenue Forecast ATTACHMENT 1 Sales Tax Revenue Forecast RIVERSIDE COUNTY TRANSPORTATION COMMISSION, DECEMBER 2014 This publica on was prepared by: Beacon Economics, LLC BEACON ECONOMICS Christopher Thornberg Jordan G.

More information

Review Tax Expenditures to Help Fix Michigan s Broken Revenue Stream M

Review Tax Expenditures to Help Fix Michigan s Broken Revenue Stream M May 2016 Rachel Richards, Legisla ve Coordinator Review Tax Expenditures to Help Fix Michigan s Broken Revenue Stream M ichigan has a budget problem, and simply put, exemp ons each year than we do in total

More information

Left Behind: DC s Economic Recovery Is Not Reaching All Residents By Ed Lazere and Marco Guzman 1

Left Behind: DC s Economic Recovery Is Not Reaching All Residents By Ed Lazere and Marco Guzman 1 An Affiliate of the Center on Budget and Policy Priorities 820 First Street NE, Suite 460 Washington, DC 20002 (202) 408-1080 Fax (202) 408-8173 www.dcfpi.org Left Behind: DC s Economic Recovery Is Not

More information

Fourth Anniversary of the Recovery Shows Job Gains for Women But a Long Road to a Full Recovery. July 2013

Fourth Anniversary of the Recovery Shows Job Gains for Women But a Long Road to a Full Recovery. July 2013 UNEMPLOYMENT Fourth Anniversary of the Recovery Shows Job Gains for Women But a Long Road to a Full Recovery July 2013 This report analyzes the employment picture for and men as of June 2013, the fourth

More information

Workforce Development

Workforce Development Objective 1 Foster recruitment and reten on of a skilled workforce Work systema cally to a ract skilled workers to match requirements of the region s key industries Strategy 2 Align educa onal offerings

More information

On Labor Day, Alabama Workers Face High Unemployment, Lost Jobs, Stagnant Wages and Increased Inequality

On Labor Day, Alabama Workers Face High Unemployment, Lost Jobs, Stagnant Wages and Increased Inequality On Labor Day, Alabama Workers Face High Unemployment, Lost Jobs, Stagnant Wages and Increased Inequality By Carol Gundlach, policy analyst Aug. 29, 2014 Many Alabama workers may find little reason to celebrate

More information

Op ons on leaving. Your op ons should you leave USS. For the future

Op ons on leaving. Your op ons should you leave USS. For the future 1 Op ons on leaving Your op ons should you leave USS If you change jobs, whether your new employer is a USS par cipa ng ins tu on or not, this factsheet sets out the choices that are available to you with

More information

THE STATE OF WORK IN THE EAST BAY AND OAKLAND

THE STATE OF WORK IN THE EAST BAY AND OAKLAND THE STATE OF WORK IN THE EAST BAY AND OAKLAND Wealth concentration amidst bottoming out for low and middle-income families Income inequality, Poverty, and Low-wage jobs in 2010 MAJOR FINDINGS Severe economic

More information

Women s Participation in Education and the Workforce. Council of Economic Advisers

Women s Participation in Education and the Workforce. Council of Economic Advisers Women s Participation in Education and the Workforce Council of Economic Advisers Updated October 14, 214 Executive Summary Over the past forty years, women have made substantial gains in the workforce

More information

CARSEY. Part-time employment increased dramatically during the

CARSEY. Part-time employment increased dramatically during the CARSEY ISSUE BRIEF NO. 64 SUMMER 2013 I N S T I T U T E Wanting More but Working Less: Involuntary Part-Time Employment and Economic Vulnerability REBECCA GLAUBER Part-time employment increased dramatically

More information

The Consequence of Doing Nothing: Inflation-Induced Erosion of Minnesota s Basic Cash Assistance Leaves Low-Income Children in Abject Poverty

The Consequence of Doing Nothing: Inflation-Induced Erosion of Minnesota s Basic Cash Assistance Leaves Low-Income Children in Abject Poverty MID-MINNESOTA LEGAL AID Legal Services Advocacy Project The Consequence of Doing Nothing: Inflation-Induced Erosion of Minnesota s Basic Cash Assistance Leaves Low-Income Children in Abject Poverty By

More information

The Problem with Structural Unemployment in the U.S.

The Problem with Structural Unemployment in the U.S. Issue Brief October 2012 The Problem with Structural Unemployment in the U.S. BY DEAN BAKER* It took centuries worth of research and evidence for astronomers to convince the world, including their fellow

More information

You shouldn t use investments for savings or short term goals/expenses because of two primary reasons:

You shouldn t use investments for savings or short term goals/expenses because of two primary reasons: Advanced Level Saving money for future consump on is an important factor of your financial plan. You can save money in a savings tool (savings account at your depository ins tu on) or in an investment.

More information

Sharp Declines in Underemployment for College Graduates

Sharp Declines in Underemployment for College Graduates Sharp Declines in Underemployment for College Graduates Anthony P. Carnevale Nicole Smith Center on Education and the Workforce McCourt School of Public Policy Introduction Not only did the Great Recession

More information

Enough is Enough: Business Tax Cuts Fail to Grow Michigan s Economy, Hurt Budget

Enough is Enough: Business Tax Cuts Fail to Grow Michigan s Economy, Hurt Budget November 2015 Rachel Richards, Policy Analyst Alicia Guevara Warren, Kids Count Director Enough is Enough: Business Tax Cuts Fail to Grow Michigan s Economy, Hurt Budget C u ng business taxes has not been

More information

Women, Wages and Work A report prepared by the UNC Charlotte Urban Institute for the Women s Summit April 11, 2011

Women, Wages and Work A report prepared by the UNC Charlotte Urban Institute for the Women s Summit April 11, 2011 A report prepared by the UNC Charlotte Urban Institute for the Women s Summit April 11, 2011 A report prepared for the Women s Summit by the UNC Charlotte Urban Institute 1 Table of Contents Table of Contents...

More information

WORKER TRAINING GRANTS for WISCONSIN SMALL BUSINESS OCCUPATIONS

WORKER TRAINING GRANTS for WISCONSIN SMALL BUSINESS OCCUPATIONS JULY 2014 WORKER TRAINING GRANTS for WISCONSIN SMALL BUSINESS OCCUPATIONS Award Amount: $5,000 to $50,000 Applications must be submitted no later than: October 21, 2014 Grant Program Announcement GPA #FF143BS1

More information

What are Clinical Trials?

What are Clinical Trials? A Treatment Op on for Me? What are Clinical Trials? Clinical research allows scien sts to find new, improved treatments and cures. Medicines used now to treat cancer were studied and tested before pa ents

More information

WORKER TRAINING GRANTS for WISCONSIN SMALL BUSINESS OCCUPATIONS

WORKER TRAINING GRANTS for WISCONSIN SMALL BUSINESS OCCUPATIONS MAY 2015 WORKER TRAINING GRANTS for WISCONSIN SMALL BUSINESS OCCUPATIONS Award Amount: $5,000 to $50,000 Applications must be submitted no later than: November 19, 2015 @11:59 CDT Grant Program Announcement

More information

WORKER TRAINING GRANTS for WISCONSIN TRANSPORTATION, LOGISTICS, DISTRIBUTION, AND RELATED OCCUPATIONS

WORKER TRAINING GRANTS for WISCONSIN TRANSPORTATION, LOGISTICS, DISTRIBUTION, AND RELATED OCCUPATIONS MAY 2015 WORKER TRAINING GRANTS for WISCONSIN TRANSPORTATION, LOGISTICS, DISTRIBUTION, AND RELATED OCCUPATIONS Award Amount: $5,000 to $400,000 Applications must be submitted no later than: November 19,

More information

WORKER TRAINING GRANTS for WISCONSIN INFORMATION TECHNOLOGY, SYSTEMS SECURITY, DATA ANALYTICS, AND RELATED OCCUPATIONS

WORKER TRAINING GRANTS for WISCONSIN INFORMATION TECHNOLOGY, SYSTEMS SECURITY, DATA ANALYTICS, AND RELATED OCCUPATIONS MAY 2015 WORKER TRAINING GRANTS for WISCONSIN INFORMATION TECHNOLOGY, SYSTEMS SECURITY, DATA ANALYTICS, AND RELATED OCCUPATIONS Award Amount: $5,000 to $400,000 Applications must be submitted no later

More information

New York State Employment Trends

New York State Employment Trends New York State Employment Trends August 2015 Thomas P. DiNapoli New York State Comptroller Prepared by the Office of Budget and Policy Analysis Additional copies of this report may be obtained from: Office

More information

December 2013. Wisconsin is Open for Business SEC-17542-P (N. 12/2013)

December 2013. Wisconsin is Open for Business SEC-17542-P (N. 12/2013) ANNUAL REPORT December 2013 Wisconsin is Open for Business SEC-17542-P (N. 12/2013) December 20, 2013 Governor Sco Walker Room 115 East Wisconsin State Capitol Madison, WI 53703 Senator Alberta Darling

More information

The State of Working Florida 2007

The State of Working Florida 2007 The State of Working Florida 2007 Labor Day, September 3, 2007 Emily Eisenhauer and Bruce Nissen Research Institute on Social and Economic Policy Center for Labor Research and Studies Florida International

More information

The Labor Market Performance of Young black Men in the Great Recession Daniel Kuehn

The Labor Market Performance of Young black Men in the Great Recession Daniel Kuehn brief# I0 feb. 2013 unemployment and Recovery Project www.urban.org i n s i d e T h i s i s s u e Young black men had higher unemployment during the recession than their white and hispanic peers. They

More information

Chapter 23 Employment and Unemployment Principles of Economics in Context (Goodwin et al.)

Chapter 23 Employment and Unemployment Principles of Economics in Context (Goodwin et al.) Chapter 23 Employment and Unemployment Principles of Economics in Context (Goodwin et al.) Chapter Overview This chapter introduces you to standard macro labor topics such the definition of the unemployment

More information

An Equity Assessment of the. St. Louis Region

An Equity Assessment of the. St. Louis Region An Equity Assessment of the A Snapshot of the Greater St. Louis 15 counties 2.8 million population 19th largest metropolitan region 1.1 million households 1.4 million workforce $132.07 billion economy

More information

MINNESOTA S FUTURE MAPPING. to Shared Opportunities CONTACT

MINNESOTA S FUTURE MAPPING. to Shared Opportunities CONTACT MAPPING MINNESOTA S FUTURE to Shared Opportunities Minnesota enjoys one of the strongest economies in the nation. However, too many of our neighbors are not sharing in the state s economic success. Minnesota

More information

Income and Expense Statement

Income and Expense Statement Income and Expense Statement Advanced Level Do you know where your money is coming from and where it is going? An Income and Expense Statement is an important financial management tool that summarizes

More information

Alaska Housing Market Indicators

Alaska Housing Market Indicators Alaska Housing Market Indicators 2015 Residential Rental Market Survey Prepared for: ALASKA HOUSING FINANCE CORPORATION BRYAN BUTCHER, Chief Execu ve Officer/Execu ve Director Prepared by: ALASKA DEPARTMENT

More information

Suggested Citation: Institute for Research on Higher Education. (2016). College Affordability Diagnosis: Texas. Philadelphia, PA: Institute for

Suggested Citation: Institute for Research on Higher Education. (2016). College Affordability Diagnosis: Texas. Philadelphia, PA: Institute for TEXAS Suggested Citation: Institute for Research on Higher Education. (2016). College Affordability Diagnosis: Texas. Philadelphia, PA: Institute for Research on Higher Education, Graduate School of Education,

More information

State of Working Colorado 2015-16. Michelle Webster S. Casey O Donnell. Colorado Center on Law & Policy

State of Working Colorado 2015-16. Michelle Webster S. Casey O Donnell. Colorado Center on Law & Policy State of Working Colorado 2015-16 Michelle Webster S. Casey O Donnell Colorado Center on Law & Policy cclponline.org State of Working Colorado 2015-16 Colorado Center on Law & Policy 789 Sherman St., Suite

More information

Suggested Citation: Institute for Research on Higher Education. (2016). College Affordability Diagnosis: Arizona. Philadelphia, PA: Institute for

Suggested Citation: Institute for Research on Higher Education. (2016). College Affordability Diagnosis: Arizona. Philadelphia, PA: Institute for ARIZONA Suggested Citation: Institute for Research on Higher Education. (2016). College Affordability Diagnosis: Arizona. Philadelphia, PA: Institute for Research on Higher Education, Graduate School of

More information

HIV and AIDS in Saskatchewan 2014

HIV and AIDS in Saskatchewan 2014 HIV and AIDS in Saskatchewan 2014 Annual report release date: December 1, 2015 Purpose This report examines HIV and AIDS surveillance data reported in Saskatchewan to provide an up to date profile of individuals

More information

THE GREAT UNRAVELING A PORTRAIT OF THE MIDDLE CLASS FUTURE MIDDLE CLASS

THE GREAT UNRAVELING A PORTRAIT OF THE MIDDLE CLASS FUTURE MIDDLE CLASS IDEAS & ACTION THE GREAT UNRAVELING A PORTRAIT OF THE MIDDLE CLASS THE AMERICAN DREAM used to mean that if you put in a hard day s work, you could expect good wages, benefits, and a better life for your

More information

Medicare in a Skilled Nursing Facility: Latest News and Trends

Medicare in a Skilled Nursing Facility: Latest News and Trends Medicare in a Skilled Nursing Facility: Latest News and Trends Judy Wilhide Brandt JudyWilhide.com Par cipants will: Discuss the MDS 3.0 structural changes what is changing and why Familiarize themselves

More information

DEMOGRAPHIC DRIVERS. Millennials are also driving the increase in racial and ethnic diversity. The minority share of this generation is already

DEMOGRAPHIC DRIVERS. Millennials are also driving the increase in racial and ethnic diversity. The minority share of this generation is already 3 DEMOGRAPHIC DRIVERS As the US population becomes both older and more diverse in the coming decades, the demand for alternative types of housing will increase. Although the baby boomers will continue

More information

Income and wealth inequality

Income and wealth inequality Income and wealth inequality Income and wealth inequality The end of industrialization and Reaganomics Income inequality Wealth inequality Poverty Income and wealth inequality The end of industrialization

More information

The Labor Market Problems of Massachusetts Workers in the Recovery from the Great Recession: The Great Socioeconomic Divergence

The Labor Market Problems of Massachusetts Workers in the Recovery from the Great Recession: The Great Socioeconomic Divergence The Labor Market Problems of Massachusetts Workers in the Recovery from the Great Recession: The Great Socioeconomic Divergence Prepared by: Andrew Sum Ishwar Khatiwada Walter McHugh Center for Labor Market

More information

Suggested Citation: Institute for Research on Higher Education. (2016). College Affordability Diagnosis: Florida. Philadelphia, PA: Institute for

Suggested Citation: Institute for Research on Higher Education. (2016). College Affordability Diagnosis: Florida. Philadelphia, PA: Institute for FLORIDA Suggested Citation: Institute for Research on Higher Education. (2016). College Affordability Diagnosis: Florida. Philadelphia, PA: Institute for Research on Higher Education, Graduate School of

More information

Suggested Citation: Institute for Research on Higher Education. (2016). College Affordability Diagnosis: Wisconsin. Philadelphia, PA: Institute for

Suggested Citation: Institute for Research on Higher Education. (2016). College Affordability Diagnosis: Wisconsin. Philadelphia, PA: Institute for WISCONSIN Suggested Citation: Institute for Research on Higher Education. (2016). College Affordability Diagnosis: Wisconsin. Philadelphia, PA: Institute for Research on Higher Education, Graduate School

More information

Suggested Citation: Institute for Research on Higher Education. (2016). College Affordability Diagnosis: Georgia. Philadelphia, PA: Institute for

Suggested Citation: Institute for Research on Higher Education. (2016). College Affordability Diagnosis: Georgia. Philadelphia, PA: Institute for GEORGIA Suggested Citation: Institute for Research on Higher Education. (2016). College Affordability Diagnosis: Georgia. Philadelphia, PA: Institute for Research on Higher Education, Graduate School of

More information

Be Aspired: Employee Engagement Survey 2011/2012

Be Aspired: Employee Engagement Survey 2011/2012 Be Aspired: Employee Engagement Survey 2011/2012 The Ba le for Talent: Recrui ng and Retaining the Best in a Compe ve Market 1. The Good News More Together only when all par es are truly commi ed do you

More information

The Recession of 2007 2009

The Recession of 2007 2009 The Recession of 2007 2009 February 2012 A general slowdown in economic activity, a downturn in the business cycle, a reduction in the amount of goods and services produced and sold these are all characteristics

More information

Student Transi ons Project Longitudinal Study of Entrants to. A Longitudinal Study of Entrants to. Bachelor s Degree Programs in B.C.

Student Transi ons Project Longitudinal Study of Entrants to. A Longitudinal Study of Entrants to. Bachelor s Degree Programs in B.C. December 2013 Highlights from the Student Transi ons Project Longitudinal Study of Entrants to Bachelor s Degree Programs in B.C. A Longitudinal Study of Entrants to Bachelor s Degree Programs in B.C.

More information

Trends In Long-term Unemployment

Trends In Long-term Unemployment MARCH 2015 Trends In Long-term Unemployment Karen Kosanovich and Eleni Theodossiou Sherman Long-term unemployment reached historically high levels following the Great Recession of 2007 2009. Both the number

More information

Key Findings on the Economic Status of Women in North Carolina

Key Findings on the Economic Status of Women in North Carolina IWPR# R356 August 2012 Key Findings on the Economic Status of Women in North Carolina Women in North Carolina have made significant social and economic advances in recent decades, but the need for further

More information

The Racial Wealth Gap: African Americans

The Racial Wealth Gap: African Americans FACT SHEET April 2014 The Racial Wealth Gap: African Americans Facts At A Glance The median wealth of White households is 20 times that of African American households. The growing racial wealth gap occurring

More information

Alternative Unemployment Rates: Their Meaning and Their Measure

Alternative Unemployment Rates: Their Meaning and Their Measure Alternative Unemployment Rates: Their Meaning and Their Measure March 12, 2014 Who Is Unemployed? Most people are familiar with the unemployment rate reported by the Bureau of Labor Statistics (BLS) each

More information

Limits to tax relief and tax-free benefits

Limits to tax relief and tax-free benefits 1 Limits to tax relief and tax-free benefits About this factsheet Tax-favourable pension benefits built up by individuals in the UK are subject to allowances set by HM Revenue & Customs (HMRC). If you

More information

Suggested Citation: Institute for Research on Higher Education. (2016). College Affordability Diagnosis: Massachusetts. Philadelphia, PA: Institute

Suggested Citation: Institute for Research on Higher Education. (2016). College Affordability Diagnosis: Massachusetts. Philadelphia, PA: Institute MASSACHUSETTS Suggested Citation: Institute for Research on Higher Education. (2016). College Affordability Diagnosis: Massachusetts. Philadelphia, PA: Institute for Research on Higher Education, Graduate

More information

The State of Working West Virginia 2012

The State of Working West Virginia 2012 The State of Working West Virginia 2012 In Depth: The Gas Boom and Coal Bust September 2012 About the Authors Sean O Leary is a Policy Analyst with the West Virginia Center on Budget and Policy. Ted Boettner

More information

The Retirement of Baby Boomers and Its Impact on the Labor Market

The Retirement of Baby Boomers and Its Impact on the Labor Market The Retirement of Baby Boomers and Its Impact on the Labor Market by Taro Saito Economic Research Department tsaito@nli-research.co.jp 1. Introduction In 2007, Japan s so-called baby boomers will reach

More information

Statistical Profile of Unmarried Women: New Jersey 1 March 2016

Statistical Profile of Unmarried Women: New Jersey 1 March 2016 1 March 2016 I. Population, 18 years and older, 2014 2 Total: 5.909 million Men: 2.825 million (47.8% of total) 3.084 million (52.2% of total) Married women: 3 1.530 million (25.9% of total; 49.6% of women)

More information

The most recent report puts the white unemployment rate at around 4.5 percent. The black unemployment rate? About 8.8 percent.

The most recent report puts the white unemployment rate at around 4.5 percent. The black unemployment rate? About 8.8 percent. Wonkblog By Jeff Guo February 26 For as long as the government has kept track, the economic statistics have shown a troubling racial gap. Black people are twice as likely as white people to be out of work

More information

Suggested Citation: Institute for Research on Higher Education. (2016). College Affordability Diagnosis: South Carolina. Philadelphia, PA: Institute

Suggested Citation: Institute for Research on Higher Education. (2016). College Affordability Diagnosis: South Carolina. Philadelphia, PA: Institute SOUTH CAROLINA Suggested Citation: Institute for Research on Higher Education. (2016). College Affordability Diagnosis: South Carolina. Philadelphia, PA: Institute for Research on Higher Education, Graduate

More information

ISSUE BRIEF APRIL 2013

ISSUE BRIEF APRIL 2013 ISSUE BRIEF APRIL 2013 Further to Go: Job Creation in African American Communities This Issue Brief, one of a series on African American employment that the Joint Center will publish in the coming months,

More information

An Equity Profile of the Houston-Galveston Region. Summary. Overview. The Equity Indicators Framework

An Equity Profile of the Houston-Galveston Region. Summary. Overview. The Equity Indicators Framework An Equity Profile of the Houston-Galveston Region PolicyLink and PERE An Equity Profile of the Houston-Galveston Region Summary Overview Across the country, regional planning organizations, community organizations

More information

WORKER TRAINING GRANTS for WISCONSIN AGRICULTURE, FOOD NATURAL RESOURCES, AND RELATED OCCUPATIONS

WORKER TRAINING GRANTS for WISCONSIN AGRICULTURE, FOOD NATURAL RESOURCES, AND RELATED OCCUPATIONS MAY 2015 WORKER TRAINING GRANTS for WISCONSIN AGRICULTURE, FOOD NATURAL RESOURCES, AND RELATED OCCUPATIONS Award Amount: $5,000 to $400,000 Applications must be submitted no later than: November 19, 2015

More information

One of the most troubling narratives to emerge from the economic downturn. Youth Employment and Un(der) Employment in Canada

One of the most troubling narratives to emerge from the economic downturn. Youth Employment and Un(der) Employment in Canada BEHIND THE NUMBERS / October 2012 Youth Employment and Un(der) Employment in Canada More Than a Temporary Problem? Karen Foster One of the most troubling narratives to emerge from the economic downturn

More information

New Mexico 2013 State of the Workforce Report A Report Highlighting New Mexico s Current and Future Workforce

New Mexico 2013 State of the Workforce Report A Report Highlighting New Mexico s Current and Future Workforce 2013 State of the Workforce Report A Report Highlighting s Current and Future Workforce March 2013 www.dws.state.nm.us Table of Contents SUMMARY AND FINDINGS 4 State of Workforce Report 2013 Susana Martinez

More information

Drilldown on African American Male Unemployment and Workforce Needs

Drilldown on African American Male Unemployment and Workforce Needs Drilldown on African American Male Unemployment and Workforce Needs Prepared for the Milwaukee Area Workforce Investment Board by the University of Wisconsin-Milwaukee Employment and Training Institute

More information

A Portrait of Seattle s Low-Income Working Population

A Portrait of Seattle s Low-Income Working Population A Portrait of Seattle s Low-Income Working Population December 2011 Support provided by the City of Seattle Office of Economic Development 1 INTRODUCTION The Great Recession, now over two years gone, has

More information

A LERT ADOLESCENT LITERACY: ENGAGING RESEARCH AND TEACHING. Necessary for Some HOW TO HELP STUDENTS WHO STRUGGLE WITH READING THE SITUATION

A LERT ADOLESCENT LITERACY: ENGAGING RESEARCH AND TEACHING. Necessary for Some HOW TO HELP STUDENTS WHO STRUGGLE WITH READING THE SITUATION A LERT ADOLESCENT LITERACY: ENGAGING RESEARCH AND TEACHING Necessary for Some HOW TO HELP STUDENTS WHO STRUGGLE WITH READING THE SITUATION Ms. Waters teaches students in a Grade 9 Applied course, and finds

More information

Gloomy Days, But a Ray of Hope, for Oregon Workers

Gloomy Days, But a Ray of Hope, for Oregon Workers Executive Summary September 3, 2010 Gloomy Days, But a Ray of Hope, for Oregon Workers Labor Day is an appropriate moment to reflect on the state of Oregon workers. This year s holiday takes place as the

More information

An Equity Profile of the Kansas City Region. Summary. Overview. The Equity Indicators Framework. central to the region s economic success now and

An Equity Profile of the Kansas City Region. Summary. Overview. The Equity Indicators Framework. central to the region s economic success now and An Equity Profile of the Kansas City Region PolicyLink and PERE An Equity Profile of the Kansas City Region Summary Overview Across the country, regional planning organizations, community organizations

More information

Those willing and able to work. Children: 70,800,000. Those who are willing and able to work who do not have a job. unable to work have a job

Those willing and able to work. Children: 70,800,000. Those who are willing and able to work who do not have a job. unable to work have a job Macro Lecture 1: and Labor Market Statistics Labor Market The Bureau of Labor Statistics reported that the unemployment rate was 5.1 percent this September. Precisely what does this mean? That is, the

More information

Florida AND ITS IMPACT ON. A collabora ve effort. State of Small Business Report. Center for Research and Economic Opportunity

Florida AND ITS IMPACT ON. A collabora ve effort. State of Small Business Report. Center for Research and Economic Opportunity SMALL BUSINESS AND ITS IMPACT ON Florida A collabora ve effort Center for Research and Economic Opportunity Small Business and Its Impact on Georgia, 1 State of Small Business Report Table of Contents

More information

Economic Snapshot for February 2013

Economic Snapshot for February 2013 Economic Snapshot for February 2013 Christian E. Weller on the State of the Economy Christian E. Weller, associate professor, Department of Public Policy and Public Affairs, University of Massachusetts

More information

THE PROFESSIONAL AND TECHNICAL WORKFORCE

THE PROFESSIONAL AND TECHNICAL WORKFORCE Fact Sheet 2013 THE PROFESSIONAL AND TECHNICAL WORKFORCE Introduction The professional and technical workforce is defined to include all workers in the U.S. Bureau of Labor Statistics (BLS) category management,

More information

GEORGETOWN LAW. Georgetown University Law Center

GEORGETOWN LAW. Georgetown University Law Center Georgetown University Law Center Scholarship @ GEORGETOWN LAW 2010 TANF and Low-Income Family Support: Hearing Before the H. Subcomm. on Income Security and Family Support of the H. Comm. on Ways and Means,

More information

Texas Twist: Why Did State s Unemployment Fall Below Nation s?

Texas Twist: Why Did State s Unemployment Fall Below Nation s? Twist: Why Did State s Unemployment Fall Below Nation s? By Anil Kumar State policymakers may gain valuable insights by determining how this remarkable. percentage gap emerged in the unemployment rate

More information

Example: Any local businesses that might have opened in recent months (a new restaurant) or maybe closed. This is happening all over the country.

Example: Any local businesses that might have opened in recent months (a new restaurant) or maybe closed. This is happening all over the country. 1 2 It is important to recognize that economic expansions aren t always periods of falling unemployment. The unemployment rate may continue to rise for more than a year + after the recession was officially

More information

OBSERVATION. TD Economics DON T JUDGE A LABOR MARKET BY ITS UNEMPLOYMENT RATE

OBSERVATION. TD Economics DON T JUDGE A LABOR MARKET BY ITS UNEMPLOYMENT RATE OBSERVATION TD Economics DON T JUDGE A LABOR MARKET BY ITS Highlights Over the last year, the Canadian unemployment rate has remained relatively static, while the U.S. rate has continued to fall. This

More information

ILLINOIS FORGOTTEN MIDDLE-SKILL JOBS: 2009

ILLINOIS FORGOTTEN MIDDLE-SKILL JOBS: 2009 ILLINOIS FORGOTTEN MIDDLE-SKILL JOBS: 2009 AN UPDATED LOOK AT EMPLOYMENT AND EDUCATION PATTERNS IN ILLINOIS In September 2008, the Skills2Compete-Illinois campaign released Illinois Forgotten Middle-Skill

More information

Suggested Citation: Institute for Research on Higher Education. (2016). College Affordability Diagnosis: Tennessee. Philadelphia, PA: Institute for

Suggested Citation: Institute for Research on Higher Education. (2016). College Affordability Diagnosis: Tennessee. Philadelphia, PA: Institute for TENNESSEE Suggested Citation: Institute for Research on Higher Education. (2016). College Affordability Diagnosis: Tennessee. Philadelphia, PA: Institute for Research on Higher Education, Graduate School

More information

Household Income Trends July 2016. Issued September 2016. Gordon Green and John Coder Sentier Research, LLC

Household Income Trends July 2016. Issued September 2016. Gordon Green and John Coder Sentier Research, LLC Household Income Trends July 2016 Issued September 2016 Gordon Green and John Coder Sentier Research, LLC 1 Household Income Trends July 2016 Source This report on median household income for July 2016

More information

Understanding Credit Cards

Understanding Credit Cards 2.6.3.F1 Understanding Credit Cards Advanced Level Credit cards are a form of open end credit. A credit card is a plas c card that you can use to access a line of credit that has been established in advance.

More information

Women and Men in the Recovery: Where the Jobs Are Women Recover Jobs Lost in Recession in Year Five

Women and Men in the Recovery: Where the Jobs Are Women Recover Jobs Lost in Recession in Year Five IWPR #C426 November 2014 Women and Men in the Recovery: Where the Jobs Are Women Recover Jobs Lost in Recession in Year Five Heidi Hartmann, Ph.D., Elyse Shaw, and Rachel O Connor Overview While the number

More information

SalarieS of chemists fall

SalarieS of chemists fall ACS news SalarieS of chemists fall Unemployment reaches new heights in 2009 as recession hits profession hard The economic recession has taken its toll on chemists. Despite holding up fairly well in previous

More information

CHAPTER 3: Income. Income. Fast Facts. Since 2007, real median income in Colorado has declined by $4,400 to $56,765.

CHAPTER 3: Income. Income. Fast Facts. Since 2007, real median income in Colorado has declined by $4,400 to $56,765. CHAPTER 3: Income Income earned from work, returns on investments and government benefits is at the heart of a family s economic security. Income determines the standard of living in America where you

More information

In Two Years of Economic Recovery, Women Lost Jobs, Men Found Them

In Two Years of Economic Recovery, Women Lost Jobs, Men Found Them Social & Demographic Trends Wednesday, July 6, 2011 In Two Years of Economic Recovery, Lost Jobs, Found Them Paul Taylor, Director Rakesh Kochhar, Senior Researcher Daniel Dockterman, Research Assistant

More information

September 14, 2011. Several facts stand out from the new Census data:

September 14, 2011. Several facts stand out from the new Census data: 820 First Street NE, Suite 510 Washington, DC 20002 Tel: 202-408-1080 Fax: 202-408-1056 center@cbpp.org www.cbpp.org September 14, 2011 POVERTY RATE SECOND-HIGHEST IN 45 YEARS; RECORD NUMBERS LACKED HEALTH

More information

Credit Reports and Scores

Credit Reports and Scores Credit Reports and Scores Advanced Level The Importance of a Credit History for Obtaining Credit Credit refers to borrowing. You have used credit if you receive money, goods, or services in exchange for

More information

Understanding Credit Cards

Understanding Credit Cards Understanding Credit Cards Advanced Level Credit cards are a form of open end credit. A credit card is a plas c card that you can use to access a line of credit that has been established in advance. When

More information

WORKING, BUT POOR, IN CALIFORNIA

WORKING, BUT POOR, IN CALIFORNIA WORKING, BUT POOR, IN CALIFORNIA EXECUTIVE SUMMARY September 1996 Two popular myths endure about California's poor. One is that most poor people don't work or don't want to work. The second is that work

More information

BTC Reports NORTH CAROLINA S BROKEN ECONOMY: Hard Work Not Enough to Climb Out of Poverty

BTC Reports NORTH CAROLINA S BROKEN ECONOMY: Hard Work Not Enough to Climb Out of Poverty BTC Reports BUDGET & TAX CENTER February 2014 ENJOY READING THESE REPORTS? Please consider making a donation to support the Budget & tax Center at NORTH CAROLINA S BROKEN ECONOMY: Hard Work Not Enough

More information

Is the U.S. Unemployment Rate Today Already as High as It Was in 1982?

Is the U.S. Unemployment Rate Today Already as High as It Was in 1982? Is the U.S. Unemployment Rate Today Already as High as It Was in 1982? John Schmitt and Dean Baker March 2009 Center for Economic and Policy Research 1611 Connecticut Avenue, NW, Suite 400 Washington,

More information

News. The Real Wage. Wages, Labor Markets and Unemployment. Organizing Theme Five Labor Market Trends

News. The Real Wage. Wages, Labor Markets and Unemployment. Organizing Theme Five Labor Market Trends Wages, Labor Markets and Unemployment News Item Five Important Labor Market Trends Demand for and upply of Labor Real Wages Grow Primarily because Workers Become More ive Explaining Wage Inequality Unemployment

More information

Measuring Employment in the 21 st Century New measures of underemployment and overwork

Measuring Employment in the 21 st Century New measures of underemployment and overwork 31 Measuring Employment in the 21 st Century New measures of underemployment and overwork Richard Denniss Research Fellow, The Australia Institute The Australia Institute. This work is copyright. It may

More information

CONSTRUCTION COST SURVEY

CONSTRUCTION COST SURVEY CONSTRUCTION COST SURVEY 2014 Prepared for: ALASKA HOUSING FINANCE CORPORATION BRYAN BUTCHER, Chief Execu ve Officer/Execu ve Director Prepared by: ALASKA DEPARTMENT OF LABOR AND WORKFORCE DEVELOPMENT

More information

Still Working Well: Washington's Minimum Wage and the Beginnings of Economic Recovery by Marilyn P. Watkins, Ph.D.

Still Working Well: Washington's Minimum Wage and the Beginnings of Economic Recovery by Marilyn P. Watkins, Ph.D. January 21, 2004 Fast Facts Still Working Well: Washington's Minimum Wage and the Beginnings of Economic Recovery by Marilyn P. Watkins, Ph.D., Policy Director Washington's 2004 minimum wage is $7.16.

More information

The dashboard helps policymakers better understand their state s economic performance relative to the region and the nation.

The dashboard helps policymakers better understand their state s economic performance relative to the region and the nation. The state-by-state dashboards examine long- and short-term trends related to state economic growth. This section demonstrates how each state has been performing on key economic growth measures: per capita

More information

Retirement at risk. Nearly 1 million Coloradans do not participate in workplace plans 765,000 employees have no retirement program at work

Retirement at risk. Nearly 1 million Coloradans do not participate in workplace plans 765,000 employees have no retirement program at work Nearly 1 million Coloradans do not participate in workplace plans 765,000 employees have no retirement program at work Rich Jones, Director of Policy and Research Alison Suzukamo, Policy Fellow April 21,

More information

Suggested Citation: Institute for Research on Higher Education. (2016). College Affordability Diagnosis: Connecticut. Philadelphia, PA: Institute for

Suggested Citation: Institute for Research on Higher Education. (2016). College Affordability Diagnosis: Connecticut. Philadelphia, PA: Institute for CONNECTICUT Suggested Citation: Institute for Research on Higher Education. (2016). College Affordability Diagnosis: Connecticut. Philadelphia, PA: Institute for Research on Higher Education, Graduate

More information

Workforce Training Results Report December 2008

Workforce Training Results Report December 2008 Report December 2008 Community and Technical Colleges (CTC) Job Preparatory Training Washington s 34 community and technical colleges offer job preparatory training that provides students with skills required

More information

URBAN INSTITUTE. Who Are the Long-Term Unemployed? Josh Mitchell M Street, NW Washington, DC 20037

URBAN INSTITUTE. Who Are the Long-Term Unemployed? Josh Mitchell M Street, NW Washington, DC 20037 URBAN INSTITUTE 2100 M Street, NW Washington, DC 20037 Who Are the Long-Term Unemployed? Josh Mitchell Copyright July 2013. The Urban Institute. All rights reserved. Permission is granted for reproduction

More information

Inequality, Poverty, and Redistribution

Inequality, Poverty, and Redistribution Inequality, Poverty, and Redistribution Copyright 2002 Addison Wesley Chapter 18 CHAPTER CHECKLIST 1. Describe the inequality in income and wealth in the United States and explain why wealth inequality

More information