Economists: U.S. growth isn't enough to cut unemployment

11/30/2009 | MarketWatch

If economists are correct, the U.S. will end this week with more bad news about unemployment. Analysts expect the Labor Department's report to show that 100,000 jobs disappeared in November. "The recent economic data have been consistent with our view that the economy is recovering, but at a distinctly subpar pace," Jan Hatzius, chief economist at Goldman Sachs, wrote to clients. "Growth looks too sluggish to lower the 10%+ unemployment rate to a meaningful degree anytime soon."

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