# Prof. Michael Spence is interviewed on the economy and US labor market

1 Faculty News September 6, 2012 ![Bloomberg logo](/sites/default/files/styles/246w/public/assets/images/bloomberg192x144.jpg?itok=yV529lwz)>

Excerpt from [Bloomberg](http://www.bloomberg.com/video/spence-inspired-leadership-needed-for-problems-K09DOPVpQHCoLhV3BODXHg.html) -- "Clearly we have to do what we can to accelerate the deleveraging process and go back to something reasonably normal in the economy, but that won't be sufficient. It may generate growth, but it won't solve the employment problem."

[Read more](http://www.bloomberg.com/video/spence-inspired-leadership-needed-for-problems-K09DOPVpQHCoLhV3BODXHg.html)

Additional coverage appeared in [Bloomberg Businessweek](http://www.businessweek.com/videos/2012-09-06/michael-spence-on-global-economy-europe-crisis%20) and [Bloomberg TV](http://www.bloomberg.com/video/ecb-policy-european-sovereign-debt-crisis-kikmcMqzSxqhkMUC_oEZQQ.html).