Maybe we were looking under the wrong rock.
More Quotes from 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
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
I think the fingerprints of a faltering job market are all over this report. We've got more people working, but they're failing to get ahead.
Jared Bernstein
If you're a native high school dropout in this economy, you've got a slew of problems of which immigrant competition is but one, and a lesser one at that.
Jared Bernstein
There is no reason to believe...that Congress has authorized the Department of Labor to dramatically reduce coverage...taking overtime protection away from millions of workers. Yet that is exactly what the Department of Labor has proposed.
Jared Bernstein
This is what a healthy job market looks like we just haven't seen it for a long while, so it makes inflation hawks nervous.
Jared Bernstein
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