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Vail Daily
Fed officials warn weak recovery won't spur jobs
WASHINGTON — Unemployment likely will remain high for the next several years because the economic recovery won't be strong enough to spur robust hiring, Federal Reserve officials warned Tuesday. Full Article at Vail Daily
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The cautionary note struck by the presidents of regional Fed banks were the first public remarks by Fed officials since the government reported last week that the nation's jobless rate bolted to 10.2 percent in October. Full Article at The Washington Post
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Speaking less than a week after the Fed left interest rates unchanged at near zero, San Francisco Fed President Janet Yellen and Atlanta Fed President Dennis Lockhart said the economy was still vulnerable. Full Article at International Business Times
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in the 2001 recession -- have been clobbered by the downturn, accounting for about 45 percent of net job losses through the end of 2008, Lockhart said. Full Article at Salt Lake Tribune
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WASHINGTON -- Don't look for any easing of unemployment over the next several years. Full Article at KFOX El Paso
