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Blog Posts: Recession Ready

Blog Post May 13, 2020

Incomes Have Crashed. How Much Has Unemployment Insurance Helped?

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.

Blog Post Dec 4, 2019

New SNAP Rule Change Just Made It Harder to Combat Future Recessions

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.