A look at recent headlines may have some scratching their heads about the state of the economy.
April saw a better-than-expected jump in new jobs and a surprising dip in the unemployment rate, yet a high number of people dropped out of the labor force. The economy also barely grew in the first quarter, with gross domestic product expanding only 0.1 percent.
So what does the mixed news mean for the economy?
Around 230,000 jobs per month were added if you look at the average of the past few months, and there are still some problems on the labor demand side, said Bernstein, a CNBC contributor and a senior fellow at the Center on Budget and Policy Priorities.
"When you put it all together you have an economy that is growing, but is not growing gangbusters," he said.