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US Fed cautious over drop in jobless total


US Fed cautious over drop in jobless total


America’s Federal Reserve chairman Ben Bernanke has warned the current fall in unemployment may not last and that America needs to do more to boost growth and cut the dole queues.

The remarks led some to believe there will be no quick monetary tightening in the USA, as the recent job creation may be employers compensating for over-zealous firing last year.

Bernanke insists the weakness is not structural, and that demand is the brake on growth.

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