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.
coming fairly finding folks growth jobs labor looking low pace weak
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.
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.
adding begun fairly gets jobs recovery services
As this recovery gets under way, professional services have begun adding jobs fairly broadly.
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.
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.
basis conditions course cutting degraded few food health immigrant jobs meat native paid wages
Of course there are jobs that few Americans will take because the wages and working conditions have been so degraded by employers. But there is nothing about landscaping, food processing, meat cutting or construction that would preclude someone from doing these jobs on the basis of their nativity. Nothing would keep anyone, immigrant or native born, from doing them if they paid better, if they had health care.
factors gains growth hard home income jobs major net ownership pushing race report shows start typical unless wage weak worth
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.
finding jobs longer people stuck themselves
As jobs become more available, people are no longer finding themselves stuck as long in unemployment.
absorb create force increases jobs labor order
You need to create ever more jobs in order to absorb increases in the labor force as well as productivity gains.
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.
hawks healthy inflation job looks market seen
This is what a healthy job market looks like ? we just haven't seen it for a long while, so it makes inflation hawks nervous.
coming expect job report strong type
This is very much the type of job report you would expect coming off a strong quarter.
fall force giving growing job labor large market point rather seekers
Any large fall in labor force participation at this point suggests that the labor market is not growing out of recession, but rather that discouraged job seekers are giving up, or not beginning, their job search.