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The state unemployment rate is going down, which means out-of-work Missourians are no longer eligible for federal extended employment benefits. Washington University researchers say women could be in trouble financially for years to come because of significant job losses during the crisis. Black and Hispanic women and less educated workers suffered the most economically during the coronavirus pandemic. Researchers involved in a new study from Washington University say women could be in trouble financially for years to come because of significant job losses during the crisis. "We have to be s...

St. Louis Public Radio Washington University researchers found that women were hurt more during the COVID-19 economic downturn than they were during the Great Recession. The substantial amount of job loss could disproportionately harm Hispanic, Black women and lower-educated workers for years to come. Black and Hispanic women and less educated workers suffered the most economically during the coronavirus pandemic. Researchers involved in a new study from Washington University say women could be in trouble financially for years to come because of significant job losses during the crisis. "We h...

New research illustrates recession employment inequality in U.S. April 6, 2021 SHARE Unemployment fell to 6% in March, according to an April 2 U.S. Department of Labor report. The strongest gains were in leisure and hospitality and construction. The news was better than expected, but aggregated data doesn’t always tell the full story according to economists at Washington University in St. Louis. The unemployment rate in March for white Americans was 5.4% while it was 9.6% for Black Americans. Generally speaking, recessions disproportionately hurt economically disadvantaged groups. The cu...

Yves here. Keynes was right. He said, more or less, that governments were unwilling to spend enough to pull themselves out of depressions, except to fight wars. We’ve seen that with the near-depression of the financial crisis. Not only was the stimulus too weak to produce anything more than a shallow recovery, but the rescue effort was misdirected, with too much going to the top of the food chain. That exacerbated one of underlying causes, wage stagnation for average workers. And to add insult to injury, Obama orchestrated the second bailout, that of the “get out of jail almost free” ca...