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Letter "J" » Jared Bernstein Quotes
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«A lot of economic indicators are up. But there are a lot of people in the economy who are still down.»
Author: Jared Bernstein
«One good month based on a swing in the C.P.I. does nothing to change this negative trajectory.»
Author: Jared Bernstein
«Enough people said exactly that ? I tend to believe them.»
Author: Jared Bernstein
«Firms were trying desperately to maintain the levels of output without expanding the work force, and in some cases contracting it.»
Author: Jared Bernstein
«The weakness in the labor market is clearly reducing the growth of earnings, meaning consumers, most of who depend on their paychecks, are likely to remain insecure about where the economy is headed, ... This in turn has the potential to constrain consumption growth, limiting the boost that the economy will get from the recent tax cut, and delaying the arrival of a truly self-sustaining recovery.»
Author: Jared Bernstein
«Even in the likely event that the fall in labor market participation is partially reversed in coming months, it is still indicative of the recession's continued impact on the labor market, ... Most of the relevant cyclical indicators in [Friday's] report support this more pessimistic interpretation, suggesting that the drop in unemployment does not imply the end of the recession.»
Author: Jared Bernstein
«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.»
Author: Jared Bernstein
«(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.»
Author: Jared Bernstein
«We are in the midst of a protracted wage slump, ... a troubling trend that is largely going unnoticed by policymakers.»
Author: Jared Bernstein
«I and others have been looking desperately for silver linings in this tragedy and if Katrina were to motivate Congress to look at this issue seriously, that would be great.»
Author: Jared Bernstein
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