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"...
adding begun fairly gets jobs recovery services
As this recovery gets under way, professional services have begun adding jobs fairly broadly.
explaining finding gun recovery smoking unbalanced unique
Explaining the unique characteristics of this unbalanced recovery is more like 'Murder on the Orient Express' than finding a smoking gun in somebody's hands. There are a lot of suspects.
looking recovery
We're looking at a recession/jobless recovery that's two years old to the day.
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.
convinces labor market recovery report sure
I'm not sure this report convinces us that a recovery is underway in the labor market in any big way.
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.
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.
job machine neutral recovery remains stuck
The jobless recovery remains with us, and the job machine is stuck in neutral at this point.
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.
boost looking negative optimists pause report reverse second stronger trends
This report may give pause to some of the optimists looking for a stronger second half, ... We need a real boost if we're going to reverse some of these trends that are even more negative than we thought they were.
class continue generate pace slower
While we continue to generate middle-class jobs, I would say we're doing so at a slower pace than we have in the past.
cases expanding levels maintain output trying work
Firms were trying desperately to maintain the levels of output without expanding the work force, and in some cases contracting it.
absorb concerned looking profit protecting rising
Firms have to be very concerned about rising prices. They're protecting their profit margins. They're going to be looking at every nook and cranny to absorb this increase.
authorized congress department exactly labor millions overtime protection reason reduce
There is no reason to believe...that Congress has authorized the Department of Labor to dramatically reduce coverage...taking overtime protection away from millions of workers. Yet that is exactly what the Department of Labor has proposed.