NY Fed President William Dudley says the recovery is "tenuous," and the "encouraging" rate...
NY Fed President William Dudley says the recovery is "tenuous," and the "encouraging" rate of growth in manufacturing jobs is "not a reason to reverse course." Even if jobs growth were to accelerate to 300,000/month from March's "notable" 216,000, he says considerable labor market slack would remain at the end of 2012.
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