From USA TODAY:
Billionaire investor Warren Buffett said Friday the nation’s employment picture will improve significantly once residential housing construction rebounds.
Buffett spoke to Bloomberg Television on Friday morning as the Labor Department released a weaker-than-expected monthly jobs report. He said the report shows the economy is still a long way off from where it should be, but Buffett remains optimistic about the recovery and sees no danger of a second recession…
Most of Buffett’s comments were focused on the long-term outlook. Buffett said he expects unemployment to fall to about 6% within a few years, and the 2.5 million jobs lost in the recession will be replaced. The June unemployment rate rose to 9.2%…
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