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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...

The American Rescue Plan is a remarkable effort to jump-start the U.S. economy — unprecedented in scale outside of major wars — and will lead to very fast growth of the U.S. economy over the next year, according to Steven Fazzari, director of the Weidenbaum Center on the Economy, Government and Public Policy at Washington University in St. Louis.

A new podcast, The American Democracy Lab, launches today. Now more than ever, it’s important to be able to understand issues from a variety of perspectives. The American Democracy Lab podcast, presented by the Gephardt Institute at Washington University in St. Louis, brings together experts from different fields and backgrounds to talk about an aspect of our American democracy and where different perspectives may converge. Alan Lambert, associate professor of psychological and brain sciences in Arts & Sciences, serves as host of the podcast. In the first episode, he is joined by Arts & Sci...

(Illustration: Monica Duwel, Washington University) January 20, 2021 SHARE Election Day turned into Election Week, then two months of corrosion, court cases, controversy and, ultimately, tragedy in the citadel of U.S. democracy. America continues to suffer — from the pandemic, from economic fallout and mass unemployment, from social and political fissures. Amid this backdrop, change arrives in two of the three branches of the U.S. government: President Joe Biden and Vice President Kamala Harris as well as a new cabinet assumes control upon the Jan. 20 inauguration, and a retooled Congres...

Source: Shutterstock After months of failed negotiations that left many Americans, businesses and a further weakening economy in the lurch, lawmakers are scrambling the week before Christmas 2020 to reach a deal on an economic stimulus plan that could top $900 billion. If Congress passes the deal, will it do enough to help struggling Americans and businesses stay afloat? To answer that question, three business and economics experts at Washington University in St. Louis shared their thoughts on the proposed plan, what lawmakers got right, what is missing and what ticking time bombs remain. ...