Jared Bernstein Quotes

[Yet this peppering of data notwithstanding, economists are not too sanguine about the immediate prospects for income growth on the bottom rungs of the wage scale.] The job market is slowly tightening... We are wringing out the slack. But we're only six months into a process that could take a year and a half. - Jared Bernstein

[They also focus on two areas - healthcare and energy - where inflation is eating away at spending power.] You either need wages to pick up or inflation to slow down... There may be a bit of both in coming months. - Jared Bernstein

[Economists said the data suggested a long-awaited change in the outlook of employers, a movement away from years of reluctance to add new workers.] The rate of job creation from 2000 through mid-'04 was just stuck in the cellar... and this was an underappreciated, ongoing cause of the jobless recovery. - Jared Bernstein

(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. - Jared Bernstein

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