Jared Bernstein
Jared Bernstein
Jared Bernsteinis a Senior Fellow at the Center on Budget and Policy Priorities. From 2009 to 2011, Bernstein was the Chief Economist and Economic Adviser to Vice President Joseph Biden in the Obama Administration. Bernstein's appointment was considered to represent a progressive perspective and "to provide a strong advocate for workers"...
growth happy job pace
I've been pretty happy to see the pace of job growth in professional services.
close couple cut jobs last months past recovery worst
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.
based best excesses hope looking lower maybe next percent quarter rate second
Maybe by the second quarter of next year, we'll be looking at some lower unemployment rate -- say in the 5 to 5.5 percent range, if we're lucky. But that would be the best to hope for, and it's based on our working through these excesses that persist.
congress issue katrina looking motivate others silver tragedy
I and others have been looking desperately for silver linings in this tragedy and if Katrina were to motivate Congress to look at this issue seriously, that would be great.
ability bargain difference fair labor market people relatively share talking tight weak
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.
job market months process six slowly year
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.
along continues elude growth low middle overall
Many of our overall indicators are percolating along just fine, but the growth continues to elude many working families, especially those in the middle and low end,
job machine neutral recovery remains stuck
The jobless recovery remains with us, and the job machine is stuck in neutral at this point.
based change good month negative swing
One good month based on a swing in the C.P.I. does nothing to change this negative trajectory.
clearly gotten labor market past report stuck
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.
adding begun fairly gets jobs recovery services
As this recovery gets under way, professional services have begun adding jobs fairly broadly.
balance sheet
This is a tremendously detailed, comprehensive look at the American family's balance sheet and it ain't pretty.
classic economy economy-and-economics family gap households leaving living standards
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.
economy gap growing large living people performing standards
It's unprecedented. There is a large and growing gap between how the economy is performing and the living standards of the people stoking the engine.