This process will take time. But if history is a guide, in an expanding economy job creation will eventually outstrip job destruction, and lower the unemployment rate. The increase in payrolls in September was a start, and I hope will be followed by larger gains in future months.
7  FSB, Effective resolution of systemically important financial institutions – Recommendations and Timelines, Consultative Document, July 2011. 8  EU press release of 6 January 2011, Commission seeks views on possible EU framework to deal with future bank failures.