Unemployment to weaken recovery: Bernanke
Ben Bernanke, the chairman of the Federal Reserve, said on Friday that while the pace of the economic recovery was likely to be moderately stronger in 2011 than it was in 2010, the labour market was expected to remain weak.
"The economic recovery that began a year and a half ago is continuing, although, to date, at a pace that has been insufficient to reduce the rate of unemployment significantly," he said.
Bernanke said evidence suggested a self-sustaining recovery in consumer and business
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