Greenspan Expects Jobs to Snap Back

Former Federal Reserve Chairman Alan Greenspan said today he expects a quick rebound in jobs because companies are stretched to expand production after workforce cuts made during the recession. Greenspan said on NBC's (GE) Meet the Press program that businesses were "very frightened" by the financial crisis and deterioration of the U.S. economy early this year and cut their payrolls so deeply that they will have to begin hiring soon.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.