Fed's Pianalto says US jobs lag unusual

Speaking Wednesday 5 November Federal Reserve Bank of Cleveland president Sandra Pianalto said normally it would be expected to take only around two years for the US to recover the number of jobs lost in recession.

Source: Reuters

Cleveland Federal Reserve Bank President Sandra Pianalto said on Wednesday it would normally take only about two years for the United States to recoup jobs lost in a recession.

"On average, we would expect employment to return to pre-recession levels in about two years

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