Jared Bernstein Quotes

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.

- Jared Bernstein

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Folks | Coming | Labor | Market | Finding |

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[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 problem isn't simply that families are facing higher prices, particularly at the pump. It's also that they're facing lower wages. If wages were keeping pace with inflation, the pinch wouldn't be as hard. - Jared Bernstein

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. - Jared Bernstein