Slow US unemployment growth

No short term way to reduce the high US unemployment ,a top economic adviser to President Barack Obama ,Paul Voicker has said .For the next year or more he expects the growth to be slow.

In an effort to boost growth and create jobs and trying to cut unemployment that stands at 9.6 percent, the US Federal Reserve said last week it would purchase $600 billion in Treasury’s. The Fed’s bond plan was unlikely to change the overall economic outlook or boost the recovery, Voicker said, speaking last week from Seoul, but I suspect it will gradually decline and the economic outlook is for continuing but limited increases in economic activity for the next year or more..

Their seem to be no solid solution at the moment to ease the unemployment problem and the growing public frustration and political conflict in the United States has complicated efforts to plan an economical program
Voicker was Fed chief from 1979 until 1987 under the presidents Jimmy Carter and Ronald Regan and is currently the chairman of Obama’s Economic Recovery Advisory Board.

At a meeting of the International Financial Forum he was speaking to a group of bankers and finance officials from the United States, China and other countries on the economic programs