US Central Bank Chief: Deficits 'Unsustainable'
时间:2012-02-04 07:46:15
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(单词翻译)
The U.S. government said this week it expects to run a $1.1 trillion deficit1 for the year ending in September, a drop from 2011, but the fourth straight year deficits2 have totaled more than $1 trillion. President Barack Obama and Congress embarked3 last year on a deficit-cutting plan, but much of the savings4 has yet to take effect.
Bernanke said that over time the government's increasing debt would
inhibit5 the growth of the country's economy, the world's largest.
The U.S. economy has recovered
sluggishly6 from its 2007 to 2009 recession, the country's worst in seven decades. Bernanke called the U.S. economic growth "
frustratingly7 slow," and said the pace has left the economy "vulnerable to shocks."
U.S. employers have been adding more workers to their
payrolls8, but not fast enough to substantially reduce the unemployment rate. It was 8.5 percent in December and
economists9 are predicting it will remain at that level when the government releases its January figure on Friday. Companies added 200,000 jobs in December, a figure
analysts10 say perhaps fell to 155,000 last month. About 13 million U.S. workers are
unemployed11.
The government said the number of workers making their initial claims for unemployment benefits dropped 12,000 last week to 367,000. The weekly number has fluctuated somewhat recently, but over several months has dropped. Economists say that when it consistently falls below 375,000, it is an indication that more hiring is occurring and the jobless rate is likely to go down.
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