Bernanke’s testimony points to continued slow recovery
On Feb. 2, Federal Reserve Board Chairman Ben Bernanke provided testimony on the economic outlook before the U.S. House of Representatives’ Committee on the Budget. The labor market added 243,000 jobs in the month of January, the largest gain since April. Private sector employment increased by 160,000 jobs per month in 2011. Unemployment fell to 8.3 percent, the lowest since February 2009. The business sector has been a relative bright spot in the current recovery. Manufacturing production has increased 15 . . .
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