112 ordspråk av Jared Bernstein

Jared Bernstein

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Even in the likely event that the fall in labor market participation is partially reversed in coming months, it is still indicative of the recession's continued impact on the labor market, ... Most of the relevant cyclical indicators in [Friday's] report support this more pessimistic interpretation, suggesting that the drop in unemployment does not imply the end of the recession.

In a strong economy, hours and output can both grow, so long as output grows at a faster rate, thus resulting in productivity growth, ... But... productivity can also grow in a slowdown or recession, when a decline in hours outpaces weak or nonexistent output growth.

(The) 43,000 new jobs is much too small a number to lower the unemployment number, ... The unemployment report underscores that the recovery is off to a slow start. The Fed will most certainly not raise (interest) rates in the near-term.

We are in the midst of a protracted wage slump, ... a troubling trend that is largely going unnoticed by policymakers.

I and others have been looking desperately for silver linings in this tragedy and if Katrina were to motivate Congress to look at this issue seriously, that would be great.

It's one thing to run faster in place when the rest of the economy is stagnating as well. But it cuts a little deeper when policymakers are telling you the economy is fine, and you are falling behind,

Many of our overall indicators are percolating along just fine, but the growth continues to elude many working families, especially those in the middle and low end,

In a strong economy, hours and output can both grow, so long as output grows at a faster rate, thus resulting in productivity growth. But... productivity can also grow in a slowdown or recession, when a decline in hours outpaces weak or nonexistent output growth.

Even in the likely event that the fall in labor market participation is partially reversed in coming months, it is still indicative of the recession's continued impact on the labor market. Most of the relevant cyclical indicators in [Friday's] report support this more pessimistic interpretation, suggesting that the drop in unemployment does not imply the end of the recession.

(The) 43,000 new jobs is much too small a number to lower the unemployment number. The unemployment report underscores that the recovery is off to a slow start. The Fed will most certainly not raise (interest) rates in the near-term.

The private sector's just not generating enough jobs here, and I would love to see some of the policy-makers in [Washington] wake up and take notice.

The weakness in the labor market is clearly reducing the growth of earnings, meaning consumers, most of who depend on their paychecks, are likely to remain insecure about where the economy is headed. This in turn has the potential to constrain consumption growth, limiting the boost that the economy will get from the recent tax cut, and delaying the arrival of a truly self-sustaining recovery.

These are workers who have the weakest bargaining leverage and are most likely to be exploited, particularly in a period where you have a weak labor demand and a large labor supply.

When income growth is concentrated at the top of the income scale, the people at the bottom have a much harder time lifting themselves out of poverty and giving their children a decent start in life.

Inequality is growing in all parts of the country.

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