Upjohn Institute

@upjohninstitute.bsky.social

The W.E. Upjohn Institute for Employment Research is a nonpartisan, independent research organization, founded in 1945 to study policy-related employment issues and to implement workforce solutions. Based in Kalamazoo, Michigan. https://www.upjohn.org/

Upjohn Senior Economist @bradhershbein.bsky.social appeared on WWMT, West Michigan's CBS affiliate, last night to discuss how yesterday’s increase in the Fed’s benchmark interest rate will impact your finances. What will higher interest rates mean for you? Watch here: https://bit.ly/4hvMYYW

Federal Reserve lifts key rate for first time in three years, tightening borrowing costs

The Federal Reserve raised its benchmark interest rate Wednesday for the first time in three years.

bit.ly

The number of individuals who are out of the labor force but reported currently wanting a job now and cited childcare, family responsibilities, or transportation issues as being barriers to looking for work or working rose to 1 million in the summer of 2020, staying around that level ever since.

This chart from the Current Population Survey shows a times series of the number of individuals who are currently out of the labor force, want a job now, but cite childcare, family responsibilities, or transportation issues as barriers to working or looking for work. The number of such individuals rose to 1 million in the pandemic summer of 2020 and has stayed at that level since, the latest number being 1.233 million in June 2026

It's not just for children. New research by @gabriellepepin.bsky.social and Yulya Truskinovky published in the National Tax Journal shows how expanding the Child and Dependent Care Credit could help millions of families caring for older adults.

buff.ly