NU Online News Service, Oct. 12, 2:08 p.m. EDT
ORLANDO, FLA--Federal Reserve Chairman BenBernanke declared that the recession is "very likely over," but thepace of recovery will be uneven across states and industries,according to a leading insurance industry economist.
Robert Hartwig, president of the New York-based InsuranceInformation Institute, referring to Chairman Bernanke'smid-September remarks suggesting that the recession very likelyended in June, said, "Don't tell that to the 10 percent of peoplethat don't have a job today."
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