Alan Greenspan, the former Fed Chairman said today to NBC`s "Meet The Press" that he expects a quick rebound in jobs because companies are stretched to expand production after workforce cuts made during the recession.
"Businesses were very frightened by the financial crisis and deterioration of the U.S. economy early this year and cut their payrolls so deeply that they will have to begin hiring soon. We have a level of employment at this stage which is barely adequate to staff the level of output. It seems to me virtually inevitable, if nothing else were to happen, that employment would start to come back fairly quickly.” Alan Greenspan, in Meet The Press
Is Greenspan reading the economy right this time?
1 comment:
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