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Fed officials fear many jobs may be gone for good
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| Contributor | Servo |
| Last Edited | Servo Oct 09, 2003 07:31pm |
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| Category | News |
| News Date | Thursday, October 9, 2003 06:00:00 AM UTC0:0 |
| Description | As the pulse of the U.S. economic recovery quickens but jobs remain elusive, many of the 3 million jobs lost so far are probably gone forever, some Federal Reserve officials say.
That suggests that even as the economy picks up, the unemployment rate will not fall dramatically.
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