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Ben Bernanke warns jobs recovery may be 'out of sync' with economic picture
from the Guardian UK:
Federal Reserve chairman Ben Bernanke has warned that the recovery in the job market remained fragile – but said he believed cyclical, not structural, problems were to blame.
The US economy has added an average 245,000 jobs over the past three months, and the number of people applying for initial unemployment benefits slipped to a four-year low last week.
The recovery has been seen as a major boost to president Barack Obama's re-election campaign. But Bernanke warned there may be trouble ahead.
.......(snip).......
He said the recent positive jobs numbers seemed "somewhat out of sync" with the overall pace of economic expansion, and that a close look revealed some worrying trends. .................(more)
The complete piece is at: http://www.guardian.co.uk/business/2012/mar/26/ben-bernanke-jobs-recovery-economy
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