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Video: Market Overview: Beyond Bernanke's blues on US recovery
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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?
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?