Nomura Says Failure of Jobs Bill to Trim U.S. Growth

The Senate’s failure to pass legislation extending unemployment benefits will slow the pace of the U.S. recovery, said economist David Resler.

The bill’s demise will trim economic growth by 0.2 percentage point this quarter and by 0.4 point in the period from July through September, estimated Resler, chief economist at Nomura Securities International Inc. in New York.