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"...
absorb along bouncing labor laid market numbers people quickly reveal
These numbers reveal a labor market that's not bouncing back quickly enough to absorb new entrants along with the people laid off during the downturn.
adding beginning drive labor line looking market numbers picking recovery simply situation suggest top
These top line numbers suggest we are into what's beginning to look like a jobless recovery. We simply can't drive unemployment down if we're only adding 30 or 40,000 jobs. So, basically, we're looking at a situation where the recovery is calling, but the labor market isn't really picking up the phone.
aggregate except figure great numbers posting record wage
The economy's doing fine, except if you figure in working families. We're posting great numbers in aggregate demand, yet the lousiest on record for wage growth.
aggregate except figure great numbers posting record wage
The economy's doing fine, except if you figure in working families, ... We're posting great numbers in aggregate demand, yet the lousiest on record for wage growth.
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.
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.
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.
difficult gets hot injuries might night tremendous
We did not see the tremendous upsurge in injuries we thought we might get. It gets really difficult when it is tremendously hot during the night - not just when it is really hot days, but when it is really hot weeks.
again cautious close employers period turning warrants whether
Whether we're into another period now where employers are turning really cautious again ... warrants close observation,
primarily typical worker
has primarily to do with the compensation the typical worker earns.