Media Statement: Decrease in the CPI is welcomed good news

Media Statement: Decrease in the CPI is welcomed good news

Erik - CPI decrease

Media Statement: Decrease in CPI is welcomed good news, but new policy is not good news for working class and poor

Today the U.S. Bureau of Labor Statistics announced that the Consumer Price Index (CPI) remained even in July, reducing the year-over-year inflation rate to 8.5%. That is a reduction in the rate from June, which was 9.1%.

The Georgia Center for Opportunity’s (GCO) take: “July’s ever-so-slight decrease in the CPI is a sliver of welcome good news in an economic environment where there doesn’t seem to be much good news,” said Erik Randolph, GCO’s director of research. “July’s price level — defined as the weighted average price across the board for goods and services purchased by households — ticked down 0.2% at an annualized rate. But we should pause before getting too enthusiastic about the news. The CPI is still 8.5% higher than 12 months ago, and it is unlikely that the miniscule CPI drop will turn into a sustainable trend. A big reason is federal policy. Congress is about to hike spending yet again with the erroneously named Inflation Reduction Act, and the Federal Reserve acknowledged that its goal is to just bring the inflation rate down to 2%, meaning they will take steps to prevent the price level from coming down from its elevated level. This is horrible policy on both accounts, especially for the working class and the poor, who carry a heavier economic burden with higher prices for what they need to purchase.”

Meet Eric Watson of Express Employment Professionals

Meet Eric Watson of Express Employment Professionals

Meet Eric Watson of Express Employment Professionals

Key Points

  • Express Employment professionals works with 70 companies in Gwinnett and in DeKalb Counties to help them find top talent.
  • Eric has utilized the BETTER WORK portal to help job seekers streamline the application process. 

  • Workers are getting multiple jobs to cover all these expenses to sustain their quality of life amidst inflation.

A BETTER WORK Partner who helps job seekers find positions where they can thrive

Eric Watson and his wife started Express Employment Professionals almost two decades ago. They focus primarily on long-term contract staffing in manufacturing, warehousing logistics, office administration, and professional placement. Express Employment professionals works with 70 companies in Gwinnett and in DeKalb Counties to help them find top talent. 

“Once we’ve helped these companies find good people, the company will either hire them immediately as a direct hire, or they’ll attempt to hire,” Eric says.

For employees who aren’t brought in as immediate direct hires, Express Employment professionals takes them on temporarily for a 90-day period, after which they’re released and hired full-time by their respective companies.

 

Helping a diverse job seeker base find employment

Eric and his team work with a wide range of individuals, communities, and organizations to place strong job candidates with the companies that need them. They partner with nonprofits in both Gwinnett and DeKalb Counties. Some of these organizations include Goodwill, resettlement agencies in Clarkston, and Center for Pan Asian Community Services (CPACS) in Chamblee. 

Additionally, Eric works with Neighborhood Cooperative Ministries in Norcross, who ultimately referred him to BETTER WORK. Since our partnership with Eric began, he has utilized the BETTER WORK portal to help job seekers streamline the application process. 

“It’s very easy for us because BETTER WORK applicants apply on the portal,” Eric says. “We get emails periodically from folks who are interested in applying for our open positions.

“We have someone designated in my office who determines if we’ve got a position, and whether applicants match the skill set and experience there we’re looking for. Then, we schedule them for an interview, bring them in, and hopefully get them placed very quickly.”

Eric and his team provide a monthly flier highlighting the top job openings available through BETTER WORK. It’s a one-page sheet listing positions they’re trying to fill, including jobs in office administration, accounting, human resources, manufacturing, warehousing, specialty staffing, and more.

“It’s very easy for us because BETTER WORK applicants apply on the portal.”   

               Eric Watson 

 

 

Insert the same content here to work on mobile and tablet.

Common employment obstacles in Gwinnett County 

In the current environment, both employers and job seekers alike are facing a plethora of obstacles. According to Eric, Gwinnett County’s greatest employer obstacle is finding workers. 

“Our biggest challenge is finding workers who are work-ready,” he says. “There seems to be a huge shortage of folks who are available and willing to work. I think we’re very close to, if not at full, employment. It’s just very, very difficult.” 

Eric says that it’s common for workers to leave the jobs they’re placed in within days to weeks of beginning work. Company loyalty has become a thing of the past, and workers are more prone to moving from one job to another rather than staying in one place. 

“I think workers are trying to seek out the best compensation package,” Eric says. “A lot of times, that includes more benefits. On the flip side, I think employers are starting to offer more flexible work schedules to attract folks.” 

Prior to the COVID-19 pandemic, Eric says it was more difficult for workers to find flexible jobs. However, he’s observed that employers are more willing to consider flexibility these days. 

For workers, the greatest roadblock is making enough money to sustain their quality of life amidst inflation and skyrocketing prices of gas, food, and necessities. Since disposable income is dropping, Eric says workers are getting multiple jobs to cover all these expenses.

“Workers may have a primary job,” Eric says, “but then they have a secondary job after hours or on the weekends just to make ends meet.” 

Because of companies’ need for workers and workers’ need for flexibility and a stronger income, Eric says this is a workers’ market. One of his most memorable job placements was a woman from Lilburn who was looking for a company that would accommodate the schedule she needed. 

“A packaging company in Stone Mountain, about 15 minutes from her home, accommodated her on the schedule she asked for,” Eric says. “It’s not a traditional 8-to-5, Monday through Friday. She was able to work in the middle of the afternoon till the early evening hours.

“The company was able to accommodate her in order to be able to get her. She’s very happy and is working toward permanent employment.”

BETTER WORK is proud to partner with businesses and community organizations like Express Employment Professionals. This collaboration in the Georgia communities of Gwinnett County in metro Atlanta and Columbus prepares lower income populations for a better future through meaningful work and upward mobility. Businesses, nonprofits, community providers, religious institutions, and job placement agencies all come together to provide a local safety net.

Learn more about Express Employment Professionals here.

 

Fixing things at the local level without government

Fixing things at the local level without government

In The News

Fixing things at the local level without government

Inflation, recession , and stagflation are on the minds of most people.

 

A recent Wall Street Journal-NORC poll showed that most people think the economy is in trouble. More than 4 in 5 people, 83% of respondents, said the nation’s economy is “poor or not so good.” What’s more, a New York Times poll released this week found that more than 75% of registered voters believe the country is headed in the wrong direction.

 

At the same time, distrust of institutions is reaching an all-time high. Polling from State Policy Network and Morning Consult shows that trust in the federal government is down to 15%, with state governments faring only slightly better at 22%. News organizations, the educational system, and labor unions are at or below 20%. And President Joe Biden’s approval rating is at a net minus 12%.

Roadblocks to work make the world a sticky place

Roadblocks to work make the world a sticky place

Man on steps holding sign that reads jobless, will work for mortgage

Roadblocks to work make the world a sticky place

Key Points

  • The hindrances to people finding work goes far beyond an unwillingness or inability to work.
  • Those looking for work face many barriers that range from circumstantial to systemic and even policy roadblocks.
  • It is important that we understand the roadblocks faced by those looking for work so that we can properly address them as we move people into work opportunities.

A story about work barriers

I met a gentleman earlier this year (we’ll call him Lenny) who stated that “he just wants to work”. His basic needs are being met, at least for now, but he can’t stand the idea that he isn’t able to contribute. While talking to Lenny and hearing his story, I realized just how many physical roadblocks he has to overcome in order to start a job, show up at a job site every single day to do the work, and get a paycheck. There are basic requirements, the things that most people take for granted as necessary and easy, that create huge barriers for Lenny.

I will share a few of these physical roadblocks below that Better Work is addressing as we work with Lenny.

Joyelle wasn’t looking for a handout, she was looking for an opportunity to provide and support her family.

Joyelle wasn’t looking for a handout, she was looking for an opportunity to provide and support her family.

 Transportation

This is one of the first barriers Lenny has to consider that impacts his ability to work. His main mode of transportation is walking. He walks to shop. He walks to appointments. He walks to work when he can. Lenny will also take the bus if it is available when and where he needs to go. He has no other options for transportation.

This means that Lenny can’t work in positions that start before the bus can get him there or end after the bus stops running (currently at 8:30pm) unless that business is close enough for him to walk. He also can’t accept jobs that require him to work on Sundays because no public transportation is currently available then.

Inconsistent Work

The transportation challenges described above have caused Lenny to leave a position he worked in faithfully for 2.5 months to look for another. A change in scheduling meant he was no longer able to stay in this job. This can lead to job hopping and means Lenny is unable to get the traction he needs to set goals, get raises, and improve his current situation.

Technology

Lenny has never really used computers as most of his past work has been in jobs requiring physical labor. He has a phone and recently set up an email address but doesn’t really understand how to check it or communicate that way. This creates additional limitations in a world that more often than not requires communication via technology at every level and for any occupation.

Applications and Hiring Paperwork

Most job applications are online as well as the forms that must be completed during hiring. All of this is necessary. How else will hiring managers collect the information they need to pay you and to protect your data. These online requirements can become a roadblock for someone like Lenny.

Lenny is not so very different from others I talk to on a weekly basis. He is actually in a better position than some. Fortunately, Lenny has an ID. Many don’t. Lenny doesn’t have children at home. Many do.

Society is quick to judge people who are not working. We are quick to label them as lazy. I ask you to consider what you would do if you were in Lenny’s place. The barriers mentioned above are just a drop in the bucket for people who find themselves caught in a vicious cycle of need.

Meanwhile, Lenny continues to fight for what is important to him – the dignity of work!

Better Work Columbus will continue to fight alongside Lenny and support others like him. I urge you to be slow to judge, wary of pointing fingers, and quick to show encouragement.

 

 

June CPI exceeded expectations and was the fastest pace for inflation in four decades

June CPI exceeded expectations and was the fastest pace for inflation in four decades

inflation swells

June CPI exceeded expectations and was the fastest pace for inflation in four decades

Key Points

  • Consumer Price Index (CPI) rose by 1.3
  • June CPI exceeded expectations
  • Fastest pace for inflation in four decades

Today, the U.S. Bureau of Labor Statistics announced that in June the Consumer Price Index (CPI) rose by 1.3, not seasonally adjusted. Year over year, the CPI has gone up 9.1% in the last 12 months. The June CPI exceeded expectations and was the fastest pace for inflation in four decades.

The Georgia Center for Opportunity’s (GCO) take: “This new inflation reading ranks among the worst monthly inflation rates in U.S. history, and the worst in recent history,” said Erik Randolph, GCO’s director of research. “We have to go back to March 1980 — the last year of the Carter administration — to find a higher monthly inflation rate. The bottom line is that we may not have reached peak inflation, and there’s no telling how long the price level crisis will persist. Meanwhile, the rhetoric from the White House and Congress will do little to rectify the situation. There needs to be new thinking within the Washington Beltway.”

GA unemployment 3%
Fixing things at the local level without government

Georgia experts blame federal government at least partly for state’s inflationary woes

In The News

Georgia experts blame federal government at least partly for state’s inflationary woes

Georgia isn’t immune to the highest inflation in decades, and local pundits say the federal government is at least partly to blame.

On Wednesday, the U.S. Bureau of Labor Statistics announced that the Consumer Price Index for All Urban Consumers increased 1.3% in June and 9.1% over the last 12 months. Both increases are seasonally adjusted.

Meanwhile, Erik Randolph, the Georgia Center for Opportunity’s director of research, said the country might not have even reached peak inflation, and federal lawmakers should consider a new approach to fix inflation.

“This new inflation reading ranks among the worst monthly inflation rates in U.S. history, and the worst in recent history,” Randolph said in a statement. “We have to go back to March 1980 — the last year of the [President Jimmy] Carter administration — to find a higher monthly inflation rate.

 

 

“The bottom line is that we may not have reached peak inflation, and there’s no telling how long the price level crisis will persist,” Randolph added. “Meanwhile, the rhetoric from the White House and Congress will do little to rectify the situation. There needs to be new thinking within the Washington Beltway.”

Read the full article here