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.
More Quotes from Jared Bernstein:
(The) 43,000 new jobs is much too small a number to lower the unemployment number. The unemployment report underscores that the recovery is off to a slow start. The Fed will most certainly not raise (interest) rates in the near-term.Jared Bernstein
American companies really haven't been sinking much of their gains back into domestic investment.
Jared Bernstein
This doesn't look like a significantly different report than we've gotten in past months, but that's significant in itself. The labor market is clearly stuck in neutral.
Jared Bernstein
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.
Jared Bernstein
The problem isn't simply that families are facing higher prices, particularly at the pump. It's also that they're facing lower wages. If wages were keeping pace with inflation, the pinch wouldn't be as hard.
Jared Bernstein
These are workers who have the weakest bargaining leverage and are most likely to be exploited, particularly in a period where you have a weak labor demand and a large labor supply.
Jared Bernstein
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Based on Topics: Labor Quotes, People Quotes, Unemployment QuotesMy father wasn't a very good lawyer. He thought the law was sacred and something that was meant to help people. He didn't charge people like he should have... which is why I was allowed to play bars and strip joints when I was 14.
Max Weinberg
It is almost as difficult to keep a first class person in a fourth class job, as it is to keep a fourth class person in a first class job.
Alexandre Dumas
I use my voice as an instrument.
Enya