Jared Bernstein Quotes

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

- Jared Bernstein

Tags

Unemployment | Wages | Growing | Broadly | Family |

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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. - Jared Bernstein

This report shows a race between factors boosting net worth such as home ownership and factors pushing the other way such as weak wage growth. Unless we start to see better income growth from jobs and wages, it is hard to see major gains in net worth for the typical family. - Jared Bernstein

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. - Jared Bernstein