The Vital Link Between Banks and Jobs
The gradual easing of lending standards by U.S. banks may help lower the jobless rate. According to a report by Drew Matus, an economist at UBS, “easier lending standards are usually associated with faster employment growth.” Quantitative easing by the Federal Reserve has left U.S. banks with plenty of money to lend. According to UBS data, since the start of the third quarter they have started to relax lending standards—especially when compared to their approach during the depths of the recession, when the banks were not extending credit.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- Fewest Jobless Claims Since 1973 Show Firm U.S. Job Market
- Greenwich Mansion Listings Pulled to Wait for a Better Day
- U.S. Stocks Climb With Treasuries as Dollar Slides: Markets Wrap
- The U.K.'s $86 Billion Pension Problem Is About to Solve Itself
- Germans Are Going Wild for a Show Set During the Dawn of the Nazis