Current labor market estimates appear to be overstating the share of working Americans by 1.4 percentage points. This corresponds to roughly 3 million fewer people working — almost as big a drop in employment as in a typical recession. -John Schmitt

 

Current labor market estimates appear to be overstating the share of working Americans by 1.4 percentage points. This corresponds to roughly 3 million fewer people working — almost as big a drop in employment as in a typical recession.


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This quote is just one of 5 total John Schmitt quotes in our collection. John Schmitt is known for saying 'Current labor market estimates appear to be overstating the share of working Americans by 1.4 percentage points. This corresponds to roughly 3 million fewer people working — almost as big a drop in employment as in a typical recession.' as well as some of the following quotes.

It feels really good to get a win at Daytona.

John Schmitt

It's not the border that's broken but the U.S. labor market. There is a widening economic gap between immigrants and U.S.-born workers which reflects the broader deterioration in wage and working conditions for less-skilled and low-wage workers.

John Schmitt

I've won a few races in the Grand-Am Cup, but it feels good to win here in Daytona. There were a lot of cars out there, but as long as I could stay out of trouble and pick my positions, I knew I could give the car to Dave with a chance to win.

John Schmitt

Union jobs in auto (plants) has been one of the most importance sources of well-paid employment for African-Americans since World War II.

John Schmitt