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.
More Quotes from 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 private sector's just not generating enough jobs here, and I would love to see some of the policy-makers in Washington wake up and take notice.
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
Yet this peppering of data notwithstanding, economists are not too sanguine about the immediate prospects for income growth on the bottom rungs of the wage scale. The job market is slowly tightening, ... We are wringing out the slack. But we're only six months into a process that could take a year and a half.
Jared Bernstein
The inflation bar is very high right now, ... doesn't get you over.
Jared Bernstein
Readers Who Like This Quotation Also Like:
Based on Topics: Labor Quotes, People Quotes, Reasoning Quotes, Work & Career QuotesYes, Mother. I can see you are flawed. You have not hidden it. That is your greatest gift to me.
Alice Walker
Now, there are sometimes making a connection between one section and another that sometimes you do want to see the pattern because it helps you to lead into the next thing - it's a rhetorical thing, where you just see how the pattern has to go into the next thing.
Leo Ornstein
Brian and I were both science students. You know science sort of math and physics side, you know.
John Deacon