Buffett: Unemployment unlikely to go back to 9 percent

Reuters Business News
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Posted: Feb 27, 2012 9:44 AM
Buffett: Unemployment unlikely to go back to 9 percent

(Reuters) - The unemployment rate is unlikely to tick back up to 9 percent, Berkshire Hathaway Inc Chief Executive Warren Buffett said on Monday.

Buffett said Berkshire's businesses not related to housing are hiring and Berkshire as a whole is likely to have more employees at year's end than at the start of the year.

(Reporting By Ben Berkowitz; Editing by Gerald E. McCormick)