Clearly, Katrina hasn't shown up in the jobless claims yet, but it will, ... Next month, we're going to be looking at one of the largest one month negative spikes in the history of this series, going back to the '30s.
More Quotes from Jared Bernstein:
More people are coming in to the labor force, and we're not creating enough jobs to put much downward pressure on the unemployment rate. But this is better news than expected.Jared Bernstein
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.
Jared Bernstein
The inflation bar is very high right now, ... doesn't get you over.
Jared Bernstein
Economists said the data suggested a long-awaited change in the outlook of employers, a movement away from years of reluctance to add new workers. The rate of job creation from 2000 through mid-'04 was just stuck in the cellar, ... and this was an underappreciated, ongoing cause of the jobless recovery.
Jared Bernstein
We're looking at a recessionjobless recovery that's two years old to the day.
Jared Bernstein
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
Readers Who Like This Quotation Also Like:
Based on Topics: History QuotesBut generally speaking, I tend to be quiet and introspective.
Rowan Atkinson
These people have served a longer sentence than some people who have committed murder.
Jeff Greenfield
Sometimes your medicine bottle has on it, "Shake well before using." That is what God has to do with some of His people. He has to shake them well before they are ever usable.
Vance Havner