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During the COVID-19 pandemic, broad-based income support through both direct checks and unemployment insurance have been essential in limiting the income losses. However in this blog post, Jana Parsons shows that more can be done to provide relief for families in need, with TANF as a key and underutilized part of the solution.
The rapid contraction of the economy this spring has shattered records for the speed of onset of a recession. One of the most economically important pieces of the nearly $3 trillion policy response has been the rapid expansion of unemployment insurance (UI). Our preliminary calculations suggest that UI offset a small portion of personal income loss in March 2020, but roughly half of lost wages and salaries in April.
The U.S. unemployment insurance (UI) system replaces some of the earnings of workers who have lost their jobs, helping them to stay afloat during tough economic times. But the UI system can also support workers and employers as they reduce, rather than eliminate, employees’ work hours.
This interactive allows users to find out how many people and SNAP households lived in places that would have lost the protection of a SNAP work requirement waiver during the Great Recession (in 2009) and during an expansion (in 2018) had the Trump Administration's final rule been in place.
Hamilton Project researchers Ryan Nunn and Jana Parsons show that unemployment duration is substantially shorter for workers who are temporarily laid off and provides hope that employment relationships can be maintained after a temporary shutdown of the economy.
A well-functioning health-care sector supports well-being and is a prerequisite for a well-functioning economy. Unfortunately, the problems with U.S. health care—from high prices to excessive administrative costs to insufficient competition—are substantial. These 12 facts about the economics of U.S. health care provide context for important policy discussions.
The final rule on work requirement waivers, released on December 4, 2019, weakens SNAP's role as an automatic stabilizer and a critical element of the safety net. The Hamilton Project analysis finds that the final rule would respond more slowly to a recession than current rules as well as the proposed rule, would curb a state’s ability to apply for work requirement waivers when its economy is weak or relatively weak compared to the overall national economy, and would severely limit access to SNAP during a sluggish recovery.
In this strategy paper, The Hamilton Project explores the decline in U.S. LFPR as well as patterns by age, gender, race, and education. We then assess potential explanations and describe numerous Hamilton Project policy proposals that would raise labor force participation.
In the latest analysis, The Hamilton Project explores how the nation’s underemployment rate reveals very different labor market outcomes for black, Hispanic, and white workers in the U.S.
Despite strong GDP growth and the longest uninterrupted streak of job growth in recorded U.S. history, another economic downturn will be inevitable. The Hamilton Project explores the most direct approaches to identify recessions—including a rapidly increasing unemployment rate—in order to plan a timely response that can mitigate damages.
Despite a steadily improving U.S. labor market in recent years, unemployed workers today have more trouble finding a job than they did at the peak of the last business cycle in 2006, and have a much lower job-finding rate than in 2000. In the latest analysis, The Hamilton Project compares the rates of finding a job pre-, mid- and post-recession, as well as shifts in unemployment over the years.
Work requirements impede SNAP’s dual role as a safety net and automatic stabilizer. This economic analysis provides new evidence about how waivers to these rules functioned during the Great Recession and how the USDA’s proposed rules would have worked had they been in effect from 2007 to present.