36 Total Quotes

Jared Bernstein Quotes

This is a pretty negative report. The reason unemployment ticked down is the labor force contracted. That suggests fewer people are getting into the game, looking for work, and that kind of discouragement can lead to a lower unemployment rate.
Jared Bernstein
#Force

It's one thing to run faster in place when the rest of the economy is stagnating as well. But it cuts a little deeper when policymakers are telling you the economy is fine, and you are falling behind,
Jared Bernstein
#Economy

When income growth is concentrated at the top of the income scale, the people at the bottom have a much harder time lifting themselves out of poverty and giving their children a decent start in life.
Jared Bernstein
#Growth

We've seen we can drive the economy at 4 percent unemployment with strong productivity gains. I won't be satisfied until we're back there. Many working families won't be either, I'd guess.
Jared Bernstein
#Economy

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.
Jared Bernstein
#Force

Where you see immigration competition play out most clearly is among high school dropouts. I'd say there's clearly immigrant competition among the least-skilled workers, but natives are a shrinking share while immigrants are a growing share.
Jared Bernstein
#Competition

If you're a native high school dropout in this economy, you've got a slew of problems of which immigrant competition is but one, and a lesser one at that.
Jared Bernstein
#Competition

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.
Jared Bernstein
#Class

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.
Jared Bernstein
#Congress

Unless working families can give up food and gas, this combination of slow wage growth and faster inflation continues to pinch.
Jared Bernstein
#Food

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.
Jared Bernstein
#Force

Inequality is growing in all parts of the country.
Jared Bernstein
#Country

Nationally we think it's impossible to say exactly when we've reached full employment. But it sounds like in Florida you're there.
Jared Bernstein
#Employment

The full employment situation reinforces itself,
Jared Bernstein
#Employment

I wouldn't be surprised if unemployment held constant or dropped a tenth of a percentage point. But will [that] signal we're heading back to a healthy labor market? No, because the economic fundamentals, in terms of growth, just aren't there.
Jared Bernstein
#Unemployment

Ultimately unemployment will peak somewhere around 6.2 or 6.3 percent,
Jared Bernstein
#Unemployment

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.
Jared Bernstein
#Past

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.
Jared Bernstein
#Job

As this recovery gets under way, professional services have begun adding jobs fairly broadly.
Jared Bernstein
#Jobs

Whether we're into another period now where employers are turning really cautious again ... warrants close observation,
Jared Bernstein
#Observation

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.
Jared Bernstein
#Growth

In a strong economy, hours and output can both grow, so long as output grows at a faster rate, thus resulting in productivity growth. But... productivity can also grow in a slowdown or recession, when a decline in hours outpaces weak or nonexistent output growth.
Jared Bernstein
#Economy

These results reveal the breadth of the unprecedented gap between the pace of overall economic progress and the returns to working people.
Jared Bernstein
#Progress

However, a far larger gap exists when we compare net worth: minorities' net worth was about 27 percent of whites, about half the size of the income ratio.
Jared Bernstein
#Worth

A number of other reports suggest the labor market is finally hitting its stride, one weekly claims number is not enough to undermine that conclusion.
Jared Bernstein
#Labor

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.
Jared Bernstein
#Unemployment

Lawmakers need to focus on stimulus, and this report is really a wake-up call in that regard.
Jared Bernstein
#Focus

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.
Jared Bernstein
#Past

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.
Jared Bernstein
#Beginning

This could mean that the labor market is another area coming on line in the nation's recovery.
Jared Bernstein
#Labor