Federal Reserve Chairman Alan Greenspan said Thursday that the odds are increasingly in favor of job growth, but he also warned that the huge budget deficit poses a major threat to the U.S. economy. Economists are still in disagreement over how quickly the job market will rebound, as some say significant gains will be made over the next year, and some say longer because of high business productivity. Greenspan expressed concern over the growing federal deficit, and warned that spending must be controlled.
See "Greenspan says odds in favor of job growth", William Neikirk, Chicago Tribune, November 6, 2003