112 ordspråk av Jared Bernstein

Jared Bernstein

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My problem with the Bush plan is that it's so ideologically problematic that now these guys are going to have to argue about it for a month or two. That's bad because we need to inject stimulus into the economy quickly.

This decline [in the jobless rate] is certainly the largest drop we've seen in recent months, so it does suggest a stronger labor market than we expected.

Given the growth of the population and labor force and improvements in productivity, we need to be adding somewhere in the neighborhood of 150,000 jobs per month to nudge unemployment down.

The jobless recovery remains with us, and the job machine is stuck in neutral at this point.

There were close to 200,000 jobs cut in the past couple of months, making them the worst two months of last year. The jobless recovery is not only lingering, it's deepening.

Lawmakers need to focus on stimulus, and this report is really a wake-up call in that regard.

I don't see many firms that are that cash-constrained; they're customer-constrained.

There may be some signs that a fledgling recovery is beginning to take hold in the labor market, but we have had these kinds of moves [before], so we don't want to make too much out of it.

I wouldn't be surprised if unemployment held constant or dropped a tenth of a percentage point. But will [that] signal we're heading back to a healthy labor market? No, because the economic fundamentals, in terms of growth, just aren't there.

Folks are coming back into the labor market, but they're not finding jobs there. The tepid pace of job growth was too low to keep unemployment from rising. We're looking at a fairly weak recovery, at least initially.

More people are coming in [to the labor force], and we're not creating enough jobs to put much downward pressure on the unemployment rate. But this is better news than expected.

This doesn't look like a significantly different report than we've gotten in past months, but that's significant in itself. The labor market is clearly stuck in neutral.

These numbers reveal a labor market that's not bouncing back quickly enough to absorb new entrants along with the people laid off during the downturn.

It's too soon to call this a 'jobless' recovery, ... but another quarter or two of these types of reports, and that probably will be a relevant title.

People think unemployment is still relatively low, but there's all the difference in the world between a tight labor market and a weak one when you're talking about employees' ability to bargain for a fair share of growth.

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