This report may give pause to some of the optimists looking for a stronger second half, ... We need a real boost if we're going to reverse some of these trends that are even more negative than we thought they were.
More Quotes from Jared Bernstein:
It's a mistake to think that any increase in wages is inflationary and there is substantial room for non-inflationary wage growth, particularly at the bottom end of the scale.Jared Bernstein
American companies really haven't been sinking much of their gains back into domestic investment.
Jared Bernstein
I'm not sure this report convinces us that a recovery is underway in the labor market in any big way.
Jared Bernstein
While we continue to generate middle-class jobs, I would say we're doing so at a slower pace than we have in the past.
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
This isn't an administration that wakes up and says 'what can we do for the working class family today,'
Jared Bernstein
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