The construction industry in the United States plays a critical role for workers, consumers, and savers. It is a robust source of well-paying jobs, especially for workers who otherwise might struggle for opportunity.
The labor market is going through an unprecedented realignment. Job openings reached a series high of 9.2 million in May 2021, hires and quits are near record rates, and layoff rates are at a record low. At the same time, unemployment remains elevated and labor force participation is still depressed.
Congress should address current challenges faced by U.S. manufacturers: tariffs on over $260 billion of imported goods used in American production, and growing regulatory burdens that prevent manufacturers from investing in productive expansions.
Jul 01 2021
Since the beginning of the COVID-19 pandemic, the scope and amount of unemployment insurance (UI) in the United States has been expanded substantially through federal legislation.
Jun 28 2021
Utah’s economy has been resilient throughout the pandemic, and post-pandemic, Utah’s economy continues to improve.
The Joint Economic Committee’s Social Capital Project has documented trends and proposed policy solutions to address many of the same cultural and economic forces that animate the Families Plan.
The initial job losses of the COVID-19 pandemic were considerably greater for women than for men. The two most important and credible hypotheses to explain why job losses differed by gender include the industry mix hypothesis and the childcare hypothesis.
Given the substantial economic and social benefits of employment, it is best that these 10 million jobs return as quickly as possible. COVID-19 is the greatest barrier to this return. Some employment activities, and the purchasing activities that help finance them, have been curbed by a combination of individual choices and government-imposed restrictions, in order to stem the spread of COVID-19.
Lower fertility can have serious economic ramifications, and from a social capital perspective, the recent birth decline has potential to reduce the number of family connections that enhance individuals’ lives and that sustain American communities.
The widely publicized deaths of Floyd, Taylor, and several other Black Americans over the past few years have weakened trust, sparked outrage, and led to widespread demands for increased police accountability across the nation.