Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Fed's Raskin Says Fall in U.S. Unemployment Is Too Slow

Sept. 14 (Bloomberg) -- Federal Reserve Governor Sarah Bloom Raskin said the U.S. unemployment rate in recent years has fallen at a “disappointingly slow pace.”

“Most unemployment has been cyclical,” or related to the performance of the economy, while “there is a structural element” to the jobless rate as well, Raskin said today at a conference in Philadelphia.

The policy-setting Federal Open Market Committee announced a new round of stimulus yesterday, pledging to buy mortgage bonds until officials sees “sustained improvement” in the job market. The central bank also said it will probably keep near-zero interest rates through at least mid-2015, compared with an earlier expectation of late 2014.

The unemployment rate -- at 8.1 percent in August -- has been stuck above 8 percent since February 2009, when the nation was mired in a recession.

Raskin spoke at the National Conference on Citizenship.

To contact the reporter on this story: Aki Ito in San Francisco at Romy Varghese in Philadelphia at

To contact the editor responsible for this story: Christopher Wellisz at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.