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Share this article Share this article WASHINGTON, April 22, 2021 /PRNewswire/ -- The percentage of Black Americans unable to find a living-wage job climbed to its highest level in six months, even while other segments of the population enjoyed marginal improvement, according to an analysis released today by the Ludwig Institute for Shared Economic Prosperity (LISEP). In its monthly True Rate of Unemployment (TRU) report, LISEP determined that for the month of March, 31.8% of Black workers are "functionally unemployed," defined as seeking but unable to find full-time employment that lifts t...

Analysis Reveals Risk of Stalled Economic Recovery Among Black Workers Immediate COVID relief needed to address inequality issues, says LISEP chair News provided by Share this article Share this article WASHINGTON, Feb. 18, 2021 /PRNewswire/ -- While American workers as a whole, particularly women, saw incremental growth in living-wage job opportunities in January, Black workers lost ground, according to an analysis by the Ludwig Institute for Shared Economic Prosperity (LISEP). LISEP's January True Rate of Unemployment (TRU) report found that the rate of Black workers who are "functionall...

"We are a long way from a full recovery," says Fed Chair Jerome Powell By Irina Ivanova Atlanta Fed chief says virus has "put a wedge in our economy" The Federal Reserve pledged on Wednesday to keep interest rates low well after the U.S. economy has recovered from the coronavirus pandemic. The central bank's rate-setting body, the Federal Open Markets Committee, downgraded its assessment of the economic recovery, which slowed in the second half of 2020. However, policymakers said the economy is poised for a strong rebound in the second half of 2021 assuming COVID-19 vaccin...

Share this article Share this article WASHINGTON, Jan. 27, 2021 /PRNewswire/ -- More than one-fourth of American workers remain without a job that lifts them above the poverty level, presenting a major challenge for the new Congress and the Biden Administration, according to the latest analysis of the country's unemployment rate released today by the Ludwig Institute for Shared Economic Prosperity (LISEP). At the same time, racial and gender gaps have widened, exacerbating economic inequity. "For any economic recovery to be sustainable, the rising tide must lift all boats," said Gene Ludw...

Share this article Share this article WASHINGTON, Dec. 16, 2020 /PRNewswire/ -- More than a quarter of Americans desiring full-time work found themselves without a living-wage job in November, with women losing substantial ground in the workforce, according to a report released by the Ludwig Institute for Shared Economic Prosperity (LISEP). In its monthly analysis, LISEP released its True Rate of Unemployment (TRU), a measure of the percentage of American workers who are "functionally unemployed" – defined as anyone desiring full-time work who is unemployed, or unable to secure employment...