Economic Recovery ‘Doesn’t Measure Up,’ Silvia Says: Tom Keene

The U.S. economy isn’t recovering fast enough to restore the level of jobs seen before the recession started in December 2007, said John Silvia, chief economist at Wells Fargo & Co. in Charlotte, North Carolina.

“This is an economic recovery that doesn’t measure up to the traditional standards of the traditional post-World War II recovery,” Silvia said in a radio interview today with Tom Keene on “Bloomberg Surveillance.” “We don’t have the rebound in manufacturing jobs or domestic jobs, especially in the service sector, that we traditionally have.”