Fed's Bernanke on trade and jobs

In a speech 'Trade and jobs' given on 30 March, Ben Bernanke of the Federal Reserve said the slow pace of hiring in the US is related to increasing productivity and not to outsourcing or trade.

"We have little evidence to show that trade in general, or outsourcing abroad in particular, is a major source of net job loss," Bernanke said in a speech at the Fuqua School of Business at Duke University in Durham, N.C. "The single most important factor explaining lagging job creation is the astonishing

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