Boston Fed's Minehan on November job report

The president of the Federal Reserve Bank of Boston told a conference on globalisation on Friday 3 December that the November unemployment report was "somewhat disappointing".

Cathy Minehan said the sluggish job growth over the past four years is due to "some combination of structural change, higher benefit costs and uncertainty about the future."

She said in her remarks that uncertainty may be the key factor. The move of jobs offshore by corporations appears to be less of a factor than portray

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