Home appreciation was offset by lousy wage growth and debt accumulation.
More Quotes from Jared Bernstein:
Of course there are jobs that few Americans will take because the wages and working conditions have been so degraded by employers. But there is nothing about landscaping, food processing, meat cutting or construction that would preclude someone from doing these jobs on the basis of their nativity. Nothing would keep anyone, immigrant or native born, from doing them if they paid better, if they had health care.Jared Bernstein
Maybe we were looking under the wrong rock.
Jared Bernstein
This is a tremendously detailed, comprehensive look at the American family's balance sheet and it ain't pretty.
Jared Bernstein
There may be some signs that a fledgling recovery is beginning to take hold in the labor market, but we have had these kinds of moves before, so we don't want to make too much out of it.
Jared Bernstein
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.
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
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Based on Topics: Home QuotesIn complex trains of thought signs are indispensable.
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It is not part of a true culture to tame tigers, any more than it is to make sheep ferocious.
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Modeling is more important than the talking we do.
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