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Video: Market Overview: Beyond Bernanke's blues on US recovery
The US economy is officially in recovery, however the US unemployment figure announced this early December was a shock to the country’s road to recovery.
The widely expected figure of 150,000 new jobs fell way short with the official figures coming in at 39,000. And in a timely broadcast 60minutes interview US Fed chairman Ben Bernanke, appeared defending his QE strategy, and recovery being spoken of in terms of years rather than months.
But if we have a look under the bonnet of the US economy, industrial data shows there is still hope for a steady recovery, and now with Obama extending the Bush tax cuts, what is journey of recovery looking like for the US?
07:44 minutes
Tags: bernanke, madskoefoed, nonfarmpayrolls, reutersforex, unemployment, unemploymentdata, useconomy