112 ordspråk av Jared Bernstein

Jared Bernstein

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You don't need an equitable distribution to have a sustainable recovery.

Our expectations have been pretty diminished. A good month used to be 300,000 more jobs and now it is 200,000.

As this recovery gets under way, professional services have begun adding jobs fairly broadly.

If you're a native high school dropout in this economy, you've got a slew of problems of which immigrant competition is but one, and a lesser one at that.

In the absence of immigrant labor, wages might be a bit higher, particularly in sectors that hire lots of low-skilled labor, which could potentially show up as slightly higher prices.

Whether we're into another period now where employers are turning really cautious again ... warrants close observation,

The inflation bar is very high right now, ... doesn't get you over.

A number of other reports suggest the labor market is finally hitting its stride, one weekly claims number is not enough to undermine that conclusion.

With stagnant hourly wages, the only way for working families to get ahead is by working more hours, ... certainly not the path to improving living standards that we'd expect in an economy posting strong productivity gains.

will make it harder for working families to truly get ahead.

When unemployment is that low, wages are growing broadly, and family incomes are rising. Wage-based demand growth keeps the economy growing at potential.

This report may give pause to some of the optimists looking for a stronger second half, ... We need a real boost if we're going to reverse some of these trends that are even more negative than we thought they were.

Maybe by the second quarter of next year, we'll be looking at some lower unemployment rate -- say in the 5 to 5.5 percent range, if we're lucky. But that would be the best to hope for, and it's based on our working through these excesses that persist.

We're looking at a recession/jobless recovery that's two years old to the day.

The full employment situation reinforces itself,

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