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.
More Quotes from Jared Bernstein:
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
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
This decline in the jobless rate is certainly the largest drop we've seen in recent months, so it does suggest a stronger labor market than we expected.
Jared Bernstein
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
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
When unemployment is that low, wages are growing broadly, and family incomes are rising. Wage-based demand growth keeps the economy growing at potential.
Jared Bernstein
Readers Who Like This Quotation Also Like:
Based on Topics: Labor QuotesWhen I first met Elvis, we had so much in common and became fast friends.
Wayne Newton
Meditation is the dissolution of thoughts in Eternal awareness or Pure consciousness without objectification, knowing without thinking, merging finitude in infinity.
Voltaire
Paintings are like a beer, only beer tastes good and it's hard to stop drinking beer.
Billy Carter