112 ordspråk av Jared Bernstein

Jared Bernstein

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I'm definitely ready to believe that the rate of job loss has slowed and that soon we will be adding jobs. The question is, will we be adding enough to keep unemployment from rising?

I'm more optimistic than I was a month and a half ago,

I'm not sure this report convinces us that a recovery is underway in the labor market in any big way.

I've been pretty happy to see the pace of job growth in professional services.

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 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.

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.

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.

Inequality is growing in all parts of the country.

It looks to me like employers are finally either facing or expecting a level of demand that's much more convincing to them, ... This is yet another piece of evidence that employers are shedding their excessively cautious ways.

It's a mistake to think that any increase in wages is inflationary and there is substantial room for non-inflationary wage growth, particularly at the bottom end of the scale.

It's a pretty classic story of an economy that's leaving middle-income households behind. The gap between how this economy's doing and the living standards of the median family has never been larger.

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,

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.

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