Reuters: Top News: Bernanke: U.S. needs faster growth to soothe unemployment

Reuters: Top News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Bernanke: U.S. needs faster growth to soothe unemployment Mar 26th 2012, 12:24 WASHINGTON | Mon Mar 26, 2012 8:05am EDT WASHINGTON (Reuters) - The economy needs to grow more quickly if it is to produce enough jobs to bring down the unemployment rate further, Federal Reserve Chairman Ben Bernanke said on Monday. Bernanke said the recent decline in jobless rate, which dropped from 9.1 percent last summer to 8.3 percent in February, was "somewhat out of sync" with the rather modest pace of economic growth. U.S. gross domestic product grew 3 percent in the fourth quarter, but is expected to have slowed to just below 2 percent in the first three months of this year. "Further significant improvements in unemployment will likely require faster economic growth than we experienced during the past year," Bernanke told a gathering of the National Association for Business Economics.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions