A Quote by Jack Lew
We obviously would like to get unemployment as low as we possibly can.
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I can't possibly predict precisely what the unemployment rate will be at the end of one year. I can tell you that over a period of four years, by virtue of the policies that we'd put in place, we'd get the unemployment rate down to 6%, and perhaps a little lower.
I did go through a period where I was on unemployment. That was my low point: Martha Quinn on line at unemployment, hoping nobody will recognize her.
I would love, obviously, someone like Gloria Steinem to do anything with me. We would obviously have to get lunch after, and she'd have to sign stuff for me.
You would think that if any group in America had 20% to 25% unemployment, it would generate all kinds of attention. The Labor Department would understandably and necessarily begin to concentrate on what can we do to reduce this level of unemployment. Congress would give great time on the floor for debate on what can be done.
I would like to get out to the region in the Caspian sea. I would like to go there. I would like to get to Darfur. I would like to get to Khartoum in Northern Sudan. I would like to get to Zimbabwe. I would like to go back to North Korea, if I could. I would like to go to Yemen. I would like to get to Kashmir. Most of those destinations I will get to.
Obviously, people with low or even moderate incomes could not afford such savings rates, and even diligent savings from their low wages would not be enough to pay for either retirement or healthcare.
Unemployment insurance was meant to be a bridge for temporary spells of unemployment. The bad news is all the evidence is that the longer you have unemployment insurance, the longer people stay out of work, their skills erode. The job they ultimately get pays less. And that's not to their benefit.
Raising the minimum wage and lowering the barriers to union organization would carry a trade-off - higher unemployment. A better idea is to have the government subsidize low-wage employment. The earned-income tax credit for low-income workers - which has been the object of proposed cuts by both President Clinton and congressional Republicans - has been a positive step in this direction.
When you work with a band, obviously you've got to present them with something they can get a hold of, so it has to be a little more fleshed out as a song. And then where it goes is more collaborative, obviously; it's more political possibly, certainly more a conscious process than a subconscious process, which the painting can be.
Such a thing as ending unemployment would never occur to Washington politicians because their corporate backers depend on the threat of unemployment to keep wages down.
Generous unemployment benefits can increase both structural and frictional unemployment. So government policies intended to help workers can have the undesirable side effect of raising the natural rate of unemployment.
The black unemployment rate has to be twice that of the white rate in the US. If the national unemployment rate were 6.8 percent, everyone would be freaking out. We ought to not take too much solace in the 6.8 percent, but ask ourselves what can we do to bring that down to white rates, which are below 4 percent now. Some of that has to do with education, but that's just part of the story. You find that those unemployment differentials persist across every education level. I think it means pushing back on discrimination and helping people who can't find work get into the job market.
In my ideal world there would be 99% unemployment for actors, and I would be the 1% that's employed. I hear about somebody getting a job at Starbucks and I get jealous.
Policy makers should be compelled to take action given the serious costs of long-term unemployment when overall unemployment is already high. A week of unemployment is worse when it is experienced as part of a longer spell.
It's a European Union of economic failure, of mass unemployment and of low growth.
Everyone gets laid off and everyone in Hollywood gets unemployment for six months while they're looking for a new job. So I would just do stand-up for six months and think I was really making it, and when my unemployment ran out, I had to get another job immediately.
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