Inequality is growing in all parts of the country.
More Quotes from Jared Bernstein:
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
In the absence of immigrant labor, wages might be a bit higher, particularly in sectors that hire lots of low-skilled labor, which could potentially show up as slightly higher prices.
Jared Bernstein
These losses may reflect the fact that consumers facing higher energy prices and falling real inflation-adjusted wages are cutting back on discretionary spending.
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
The government should be actively enforcing the high road.
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
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