PRESS RELEASE: PRESS CALL TODAY 3PM ET: SEN. RON WYDEN, TOP LABOR ECONOMIST DISCUSS LOOMING UNEMPLOYMENT INSURANCE EXPIRATION, FEBRUARY JOBS REPORT

FOR IMMEDIATE RELEASE 
March 3, 2021

Contact:
Maddy McDaniel, Communications Director

[email protected] or 914-471-7716

*** PRESS CALL TODAY — RSVP HERE ***

PRESS CALL TODAY 3PM ET: SEN. RON WYDEN, TOP LABOR ECONOMIST DISCUSS LOOMING UNEMPLOYMENT INSURANCE EXPIRATION, FEBRUARY JOBS REPORT 

Without Action from Congress, More Than 11 Million Workers Will Begin to Lose Unemployment Benefits Starting on March 14

Sen. Wyden and a Top Labor Economist Discuss the Need to Pass the American Rescue Plan Before March 14, and Preview What They’ll Be Watching for in the February Jobs Report

WASHINGTON, DC — Today at 3:00PM ET, Sen. Ron Wyden (D-OR) and Elizabeth Pancotti, Policy Director at Employ America, will join a press call hosted by Invest in America Action to discuss the economic consequences that will arise if Congress fails to pass the American Rescue Plan before expanded unemployment insurance expires on March 14. RSVP for the call here

They will also offer context on what the upcoming February jobs report will reveal about the state of the economy and labor market. Last month, Federal Reserve Chair Jerome Powell said that the real unemployment rate is likely closer to 10% after factoring in misclassification errors.

The expiration of expanded unemployment insurance on March 14 would mark the beginning of a cascading economic catastrophe for American businesses, families, and state and local governments without additional federal aid. Read more on what’s at stake here.

Who: 

  • Senator Ron Wyden (D-OR), Chair of the Senate Finance Committee

  • Elizabeth Pancotti, Policy Director at Employ America

What: 

  • Sen. Wyden and a top labor economist will discuss the urgency of passing the American Rescue Plan before the looming expiration of expanded unemployment insurance on March 14, and preview what the February jobs report will reveal about the state of the economy.

When: 

  • Today, March 3, 3:00PM ET

Where: 

  • RSVP for the press call here.

About Invest in America

Invest In America is a national rapid response operation advocating for robust public investment to rescue the economy from the COVID crisis and create prosperity for the future, and to fight back against fear-mongers who use deficit concerns as a scapegoat to starve American communities and businesses of resources.

The operation consists of two components: Invest in America, the charitable and public education arm, which is a fiscally sponsored project of Economic Security Project funded by the William and Flora Hewlett Foundation and Economic Security Project co-chair Chris Hughes; and Invest in America Action, the advocacy and social welfare arm, which is a fiscally sponsored project of Economic Security Project Action funded by Chris Hughes and the Omidyar Network.

Learn more at InvestInAmericaNow.com and @InvestNowUSA, and InvestinAmericaProject.com.

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