Economy

August 26, 2021 by WVCBP
14th Edition of State of Working West Virginia Explores Relationship between Declining Worker Power and Rising Economic Inequality in the Mountain State

For Immediate Release: August 26, 2021Contact: Renee Alves, 559-916-5939 Charleston, WV – As West Virginia works to recover from the COVID-19 recession, its path forward remains uncertain. While the pandemic undoubtedly introduced unique hardships, the difficult truth is that West Virginia has been struggling economically for decades. For many years, the state has lagged behind the nation in…

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August 18, 2021 by Sean O'Leary
Study: Unemployment Benefit Cuts have Not had Intended Effect

WOWK - Back in mid-June Governor Jim justice cut the extra $300 in federal weekly unemployment benefits early, which affected 15,000 people in the Mountain State. Watch the full segment. While many argue it was intended to get people back to work, the data shows a different reality. Ask most people in Charleston about ending…

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August 14, 2021 by Sean O'Leary
Statehouse Beat: Part-time Governor is Full-time Delusional

Since I have no earthly idea how video streaming services work, and am too cheap to pay for them if I did, I miss out on a lot of the popular new TV series. Read the full article. However, when I was home for vacation, I did have the opportunity to binge-watch the first season…

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August 12, 2021 by Sean O'Leary
Report: Financial Hardships, Not Employment, Increased after Justice Cut Off Unemployment Benefits

Charleston Gazette-Mail, Huntington Herald-Dispatch - Gov. Jim Justice’s decision to cut off federal enhanced unemployment benefits 12 weeks early did not improve state employment rates or reduce unemployment rolls, but coincided with a sharp spike in West Virginia households experiencing financial hardships, an analysis released Thursday shows. Read the full article. “With the pandemic still…

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August 12, 2021 by Sean O'Leary
Ending Enhanced Unemployment Benefits Failed to Increase Employment and Instead Increased Hardship in West Virginia

On June 19, Governor Justice ended all federally funded pandemic unemployment benefit programs, 12 weeks before they were set to expire. The benefits -- which included an extra weekly $300 payment to unemployed workers, as well as extended eligibility both for workers who had exhausted their regular weeks of eligibility and for self-employed workers and…

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August 11, 2021 by WVCBP
“Build Back Better” Federal Budget Resolution Important Step Toward Necessary Investments in West Virginia Workers and Families

For Immediate Release: August 11, 2021Contact: Renee Alves, 559-916-5939 Charleston, WV - The West Virginia Center on Budget and Policy released the following statement in response to the US Senate’s vote to advance a budget resolution paving the way to craft and enact a slate of investments known as the “Build Back Better” plan. US Senator Joe Manchin voted in…

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August 10, 2021 by Seth DiStefano
How Should West Virginia Spend American Rescue Plan Funds?

WOWK13 - West Virginia has received half of the $1.35 billion that was allocated to the mountain state from the American Rescue Plan back in March. Watch the full segment. Now there are some who say the distribution of the money to those who need it is not happening fast enough. As the nationwide eviction…

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August 3, 2021 by WVCBP
New Report Explores Lessons Learned from the Pandemic, Outlines Blueprint for Economic Recovery

For Immediate Release: August 3, 2021Contact: Renee Alves, 559-916-5939 Charleston, WV – West Virginia faces a pivotal moment as we begin to emerge and recover from the COVID-19 pandemic and recession. While the pandemic brought many of its own unique challenges, an important takeaway that was highlighted during COVID-19 was that there are also longstanding, structural challenges to the…

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