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US jobless claims jump to 2-month high
April 12, 2012
April 12, 2012
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an annual rate of under 2.5 percent.
Fed Chairman Ben Bernanke has cautioned that the economy is growing too slowly to maintain recent declines in the unemployment rate.
Bernanke has said growth normally needs to be closer to 4 percent for a full year to lower the unemployment rate by a full percentage point. He has warned that hiring is likely to slow until consumers and businesses spend more, fueling faster growth.
Greater hiring hasn't led to larger paychecks. Wages aren't rising fast enough to keep up with inflation. Rising gas prices are also weighing on consumers' ability to spend
an annual rate of under 2.5 percent.
Fed Chairman Ben Bernanke has cautioned that the economy is growing too slowly to maintain recent declines in the unemployment rate.
Bernanke has said growth normally needs to be closer to 4 percent for a full year to lower the unemployment rate by a full percentage point. He has warned that hiring is likely to slow until consumers and businesses spend more, fueling faster growth.
Greater hiring hasn't led to larger paychecks. Wages aren't rising fast enough to keep up with inflation. Rising gas prices are also weighing on consumers' ability to spend
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