Bernanke Says Us Job Market Weak Despite Gains

Bernanke says US job market weak despite gains Associated Press Copyright 2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Updated 07:49 a.m., Monday, March 26, 2012 WASHINGTON (AP) — Chairman Ben Bernanke says the U.S. job market remains weak despite three months of strong hiring and that the Federal Reserve's existing policies will help boost growth. [...] job gains will likely require more robust consumer and business demand, Bernanke said Monday during a speech at the National Association for Business Economics spring conference in Arlington, Va. Bernanke said the combination of modest economic growth and rapid declines in unemployment is something of a puzzle. Americans aren't seeing big pay increases, gas prices are rising, and Europe's debt crisis could weigh on the U.S.

Sections:  news   u.s.   politics   
RELATED ARTICLES
  • US home sales rebound slightly in February
    U.S. home sales picked up slightly in February but remain sluggish due to tight inventories, affordability problems and nasty winter weather. More
  • Dollar rises above 100 yen for 1st time in 4 years
    The dollar has risen above 100 yen for the first time in more than four years as currency traders persist in selling the Japanese currency in reaction to Tokyo's aggressive credit-easing moves. More
  • Obama to open middle-class jobs, opportunity tour
    Aiming to show he's still focused on creating jobs, President Barack Obama is beginning a series of quick trips around the country to resurrect ideas from his State of the Union address that became overshadowed by the intense debates over gun control, immigration and automatic spending cuts. More
  • Retailers report modest gains for April
    Americans spent briskly during the early spring months in the latest sign that they’re encouraged by the economic recovery. Falling gas prices, a rallying stock market and gains in the job market all fueled Americans’ shopping habits even as cold weather tempered their desire to buy spring fashions. More
  • US home building is surging, but job growth isn't
    The resurgent U.S. housing market has sent builders calling again for Richard Vap, who owns a drywall installation company. Vap would love to help - if he could hire enough qualified people. "There is a shortage of manpower," says Vap, owner of South Valley Drywall in Littleton, Colo. More
BING NEWS:
  • 'Low-hire, low-fire': The U.S. job market is stagnant right now, economists say
    The labor market is not nearly as dynamic as it was in 2021 and 2022. That provides both good and bad news for workers.
    12/9/2024 - 6:39 am | View Link
  • What Could Happen To History’s Greatest Job Market
    No matter what happens in December – and prospects are looking good – this is the job market President-elect Trump will inherit from President Biden. What he opts to do with it remains to be seen, but ...
    12/6/2024 - 3:08 pm | View Link
  • Job growth bounced back in November before the Fed's last interest-rate decision of the year
    The jobs report gives the Federal Reserve new information about the US economy before the last interest-rate decision of the year.
    12/6/2024 - 12:34 am | View Link
  • More

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More News