Jared Bernstein Recovery Quotations

We're looking at a recession/jobless recovery that's two years old to the day.

(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.

Explaining the unique characteristics of this unbalanced recovery is more like 'Murder on the Orient Express' than finding a smoking gun in somebody's hands. There are a lot of suspects.

As this recovery gets under way, professional services have begun adding jobs fairly broadly.

There were close to 200,000 jobs cut in the past couple of months, making them the worst two months of last year. The jobless recovery is not only lingering, it's deepening.

These top line numbers suggest we are into what's beginning to look like a jobless recovery. We simply can't drive unemployment down if we're only adding 30 or 40,000 jobs. So, basically, we're looking at a situation where the recovery is calling, but the labor market isn't really picking up the phone.

I'm not sure this report convinces us that a recovery is underway in the labor market in any big way.

The jobless recovery remains with us, and the job machine is stuck in neutral at this point.