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		Home Page Mortgage News You Can Use Greenspan says expects US productivity to slow Thursday February 12, 11:10 am ET WASHINGTON, Feb 12 (Reuters) - Federal Reserve Chairman Alan Greenspan said on Thursday he expects the productivity of U.S. businesses to slow soon, making it likely they will hire more workers. Greenspan told members of the Senate Banking Committee that more efficiency has made it possible for the U.S. economy to grow without adding many new jobs. But he called it "atypical" that new hiring has lagged economic growth by as much as it has, and said he expects hiring to pick up. "It seems very likely that the extraordinary pace of productivity is almost surely going to slow," he said in response to questions after testifying on the state of the U.S. economy. He said he expects to see "employment expanding at a reasonably good clip within a short period of time."   Back to Original Article: News You Can Use   Continue with: Retail Sales Dip 0.3 Percent in January Greenspan Senate Testimony Mirrors House Assessment U.S. sales down, jobless claims up in latest data U.S. Treasuries, Thursday, Feb 12 Foreign fund inflows to Japan soar in January Greenspan says must provide skills for better jobs Retail Sales Excluding Autos in U.S. Rise 0.9 Percent, Most in 5 Months Mortgage Rates at a Near Standstill U.S. mortgage rates unchanged Wednesday - BestInfo Budget deficits a risk to low interest rates, Greenspan says Bad Credit Home Loan Secrets Officials order new mutual fund reforms Greenspan provides fuel for dollar decline Dollar, gold mixed in Europe U.S. Treasury Bond Prices Higher
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