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"...
argue bad bush economy guys month plan problem stimulus
My problem with the Bush plan is that it's so ideologically problematic that now these guys are going to have to argue about it for a month or two. That's bad because we need to inject stimulus into the economy quickly.
adding force given growth jobs labor month per population somewhere
Given the growth of the population and labor force and improvements in productivity, we need to be adding somewhere in the neighborhood of 150,000 jobs per month to nudge unemployment down.
good jobs month
Our expectations have been pretty diminished. A good month used to be 300,000 more jobs and now it is 200,000.
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 change good month negative swing
One good month based on a swing in the C.P.I. does nothing to change this negative trajectory.
half month optimistic
I'm more optimistic than I was a month and a half ago,
claims history katrina largest looking month negative next shown
Clearly, Katrina hasn't shown up in the jobless claims yet, but it will, ... Next month, we're going to be looking at one of the largest one month negative spikes in the history of this series, going back to the '30s.
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.
families harder truly
will make it harder for working families to truly get ahead.
exactly florida full impossible reached sounds
Nationally we think it's impossible to say exactly when we've reached full employment. But it sounds like in Florida you're there.
certainly fed jobs lower number raise rates recovery report slow small
(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.
continues families faster food growth inflation slow unless wage
Unless working families can give up food and gas, this combination of slow wage growth and faster inflation continues to pinch.
equitable
You don't need an equitable distribution to have a sustainable recovery.
bureau care child costs critical efforts essential ignores offer parents past poverty recent represents step thus welcomed
We have welcomed past efforts by the Bureau to offer alternative poverty measures. Their most recent release, however, ignores critical innovations and omits essential costs like child care for working parents and thus represents a step backwards.