Author: Jon Jones

In the last few years, policymakers, experts, and the public at large have paid more attention than ever to disparities faced by America’s racial and ethnic minorities. And some of the starkest gaps minorities face are in the realm of economic opportunity. White workers earn significantly more than members of other racial and ethnic groups,

The COVID-19 pandemic provided an unexpected financial boost to many in the U.S., but with the economy potentially facing a recession, households and businesses could have challenging months and years ahead. And after years of encouraging downward trends, this could mean that bankruptcies in the U.S. will once again be in focus. The pandemic’s impact

2022 has brought some of the most noteworthy victories for organized labor in the U.S. in a number of years. Workers at major corporations like Starbucks, Amazon, and Apple have led successful union drives. Petitions for union elections filed at the National Labor Relations Board are up by more than 50% over last year. And

With numerous economic experts predicting that the U.S. is headed toward recession, one of the many concerning signals is a sharp decline in labor productivity. After more than a decade of below-average productivity growth, the COVID-19 pandemic raised the prospect of a productivity boom. Many low-productivity jobs were eliminated early in the pandemic, while major

On the surface, the economy of the last two years has been extremely favorable to workers. After spiking to nearly 15% early in the COVID-19 pandemic, the unemployment rate today sits around 3.6%. Despite employers’ urgency to hire, labor force participation has been slower to recover, and the “Great Resignation” has workers quitting at historic

Small businesses are the heart of the U.S. economy. Small businesses represent 99.9% of all businesses in the U.S., collectively employing nearly half of all U.S. employees and generating nearly half of U.S. annual GDP, according to data from the U.S. Small Business Administration. But the past two years have been treacherous for many small

Amid rising inflation, consumers nationwide are now facing increased prices for a wide variety of goods. The COVID-19 pandemic disrupted global supply chains at the same time that many households had more to spend from government stimulus funds, increased savings, and rising incomes. The economy is now seeing the effects, with significantly higher prices for

Following months of rapid inflation, the U.S. Federal Reserve recently announced its first federal funds rate increases in more than three years. Federal Reserve Chair Jerome Powell followed this action with remarks several days later signaling that more rate increases are in store for 2022. The Federal Reserve’s recent moves were noteworthy because the U.S.

As the American population becomes more diverse, so does the population of school-aged children. However, teacher diversity is not keeping up, and the diversity gap between students and teachers continues to widen. According to 2020 data from the U.S. Census Bureau, 51% of students are not white. In comparison, non-white teachers account for less than

America’s population of racial and ethnic minorities is growing faster than ever, poising nonwhite Americans to be an increasingly large force in the U.S. economy. The results of the most recent decennial Census released last year showed divergent population trends for America’s white and nonwhite populations. While white Americans still represent a majority of the

While the COVID-19 pandemic has undoubtedly exacerbated stressful work conditions for frontline and essential workers, workers in a wide range of other occupations must also contend with stress at work on a regular basis. According to data from the Bureau of Labor Statistics and the Occupational Information Network (O*NET), nearly 8% of U.S. workers are

The COVID-19 pandemic has caused Americans to reassess their living arrangements, work situations, how they travel, and how they spend their free time. It has also impacted how they manage at home when faced with a COVID-19 infection or exposure in order to keep others safe. The Centers for Disease Control (CDC) recommends that people

More than a year and a half into the COVID-19 pandemic, one of the most noteworthy economic stories has been what economic commentators have termed “The Great Resignation.” Recent data from the U.S. Bureau of Labor Statistics found that 4.3 million Americans quit their jobs in August 2021, representing approximately 2.9% of the total workforce.

The COVID-19 pandemic has dramatically reshaped the U.S. labor market in many ways. Many low-wage jobs in fields like retail and hospitality were lost early in the pandemic and have not come back, while throughout the pandemic, there has been strong demand for health workers in response to the pandemic and technology specialists who can

Between the COVID-19 pandemic, more intense hurricanes, and ongoing wildfires impacting the western U.S., first responders are being challenged more than ever. While first responders are on the front lines during emergencies and face more danger than most people do in their occupations, they don’t earn much more. According to data from the Bureau of

Pent-up demand from the pandemic, low interest rates, and a shortage of properties have created a booming housing market with near record levels of refinance activity. While typical home values have increased by 15% from a year ago, the housing market is expected to stay hot in many cities through the end of the year

The expiration of the CDC’s national eviction moratorium on July 31 brought new attention to how the pandemic has put pressure on the housing market. With the expiration of the moratorium, millions of renters now face the possibility of eviction from overdue rent payments, after being protected from displacement for more than a year due