98 Quotes by Jared Bernstein

A number of other reports suggest the labor market is finally hitting its stride, one weekly claims number is not enough to undermine that conclusion.

Any large fall in labor force participation at this point suggests that the labor market is not growing out of recession, but rather that discouraged job seekers are giving up, or not beginning, their job search.

You need to create ever more jobs in order to absorb increases in the labor force as well as productivity gains.

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.

This is a tremendously detailed, comprehensive look at the American family's balance sheet and it ain't pretty.

This isn't an administration that wakes up and says 'what can we do for the working class family today,'

The weakness in the labor market is clearly reducing the growth of earnings, meaning consumers, most of who depend on their paychecks, are likely to remain insecure about where the economy is headed. This in turn has the potential to constrain consumption growth, limiting the boost that the economy will get from the recent tax cut, and delaying the arrival of a truly self-sustaining recovery.

This could mean that the labor market is another area coming on line in the nation's recovery.

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.