亚洲人成网站18禁止中文字幕,国产毛片视频在线看,韩国18禁无码免费网站,国产一级无码视频,偷拍精品视频一区二区三区,国产亚洲成年网址在线观看,国产一区av在线

 

US economy in 7th quarter growth, jobless still high

0 CommentsPrint E-mail Xinhua, March 2, 2011
Adjust font size:

The U.S. economy is now in its seventh quarter of expansion, but job growth remains relatively weak and the unemployment rate is still high, U.S. Federal Reserve Chairman Ben Bernanke said on Tuesday.

"Last quarter, for the first time in this expansion, our nation's real gross domestic product (GDP) matched its pre-crisis peak," Bernanke said in a testimony before the Committee on Banking, Housing, and Urban Affairs of the U.S. Senate to present the Fed's semiannual Monetary Policy Report.

"More recently, we have seen increased evidence that a self- sustaining recovery in consumer and business spending may be taking hold," he added.

The central bank chief contended that the real consumer spending in the nation has grown "at a solid pace" since last fall, and business investment in new equipment and software has continued to expand.

U.S. economic growth was revised downward to an annual rate of 2.8 percent in the fourth quarter of 2010, compared with the estimated pace of 3.2 percent in January, according to a report released by the Commerce Department last week.

Real GDP, the overall economic activity, grew 2.8 percent in 2010 year on year, after declining by 2.6 percent in 2009, when the economy was hit by the worst downturn in decades.

The Federal Open Market Committee (FOMC), the interest rate policy making body of the central bank said in an updated forecast that they think the economy will grow between 3.4 percent and 3.9 percent in 2011. That's an upward revision from their November forecast, which predicted that gross domestic product will grow 3 percent to 3.6 percent.

As for the widely watched job market, the Fed predicted the unemployment rate would be stuck at around 8.8 to 9.0 percent this year. By the time of the 2012 presidential elections, the Fed predicted unemployment would be 7.6 to 8.1 percent.

Unemployment rate, now at 9 percent, dropped 0.4 percentage points from December 2010.

Bernanke says the sharp drops in the nation's unemployment rates over the last two months were encouraging. But he said it will still take "several years" for unemployment to drop back to normal -- around 6 percent.

"Until we see a sustained period of stronger job creation, we cannot consider the recovery to be truly established," he said.

Print E-mail Bookmark and Share

Go to Forum >>0 Comments

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter
    1. <ul id="556nl"><kbd id="556nl"><form id="556nl"></form></kbd></ul>
      <thead id="556nl"></thead>

      1. <em id="556nl"><tt id="556nl"></tt></em>
        <ul id="556nl"><kbd id="556nl"><form id="556nl"></form></kbd></ul>

        <ul id="556nl"><small id="556nl"></small></ul>
        1. <thead id="556nl"></thead>

          亚洲人成网站18禁止中文字幕,国产毛片视频在线看,韩国18禁无码免费网站,国产一级无码视频,偷拍精品视频一区二区三区,国产亚洲成年网址在线观看,国产一区av在线 人妻无码久久影视 日韩久久久久久久久久久久 精品国产香蕉伊思人在线 无码国产手机在线a√片无灬 91在线视频无码