When unemployment is that low, wages are growing broadly, and family incomes are rising. Wage-based demand growth keeps the economy growing at potential.
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
I and others have been looking desperately for silver linings in this tragedy and if Katrina were to motivate Congress to look at this issue seriously, that would be great.
Jared Bernstein
It's too soon to call this a 'jobless' recovery, ... but another quarter or two of these types of reports, and that probably will be a relevant title.
Jared Bernstein
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.
Jared Bernstein
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.
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
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Based on Topics: Potential Quotes, Unemployment QuotesBut, in fairness to them, too, the popular song per se is really a pretty shallow medium to perform in.
Mel Torme
There are many spokes on the wheel of life. First, we're here to explore new possibilities.
Ray Charles
I told the record company I didn't feel the need to be at red-carpet events. I wanted a career. But I wanted to keep myself intact as a person.
Enya