ECONOMICS COMMENTARY
Feb 01, 2013
US: Solid growth of payrolls fails to prevent rise in jobless rate
A solid gain in US employment provides welcome reassurance that the US economy is healthier than the surprise fall in fourth quarter GDP and is not at risk of a renewed recession. However, policymakers will no doubt remain unimpressed at the pace of the job market recovery, suggesting there is no end in sight for Fed stimulus.
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