All data is delayed
See More

Bernanke: Speed up growth to create jobs

Mar 26 2012 14:12

Washington - The US economy needs to grow more quickly if it is to produce enough jobs to bring down the unemployment rate further, Federal Reserve chairperson Ben Bernanke said on Monday.

Bernanke said the recent decline in jobless rate, which dropped from 9.1% last summer to 8.3% in February, was “somewhat out of sync” with the rather modest pace of economic growth.

US gross domestic product grew 3% in the fourth quarter, but is expected to have slowed to just below 2% 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.

us federal reserve  |  ben bernanke  |  us economy


Read Fin24’s Comments Policy publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Company Snapshot

We're talking about:


With infrastructure spending having been identified as one of the key focus areas of the National Development Plan, tradesmen will continue to play a critical role in growing the South African economy through their skills..

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

A 30% a month return on investment is:

Previous results · Suggest a vote