Do Bernankes words make you feel any better?
Sorry my computer is screwing with me this morning and I can't do a clicky but here is a portion of the yahoo article
Fed boss: It will take years for jobs to come back
WASHINGTON – Federal Reserve Chairman Ben Bernanke sketched a more optimistic outlook for the economy, but said a $600 billion bond-buying program is needed because it will take up to five more years to bring unemployment back to healthy levels.
Bernanke spoke one hour after the government released a disappointing employment report. Employers added only 103,000 jobs in December. The unemployment rate fell to 9.4 percent partly because people gave up looking for jobs. The report suggested only slow healing in the jobs market. Many economists had forecast much bigger job gains and were looking for a signal that a crucial corner had been turned in the labor market recovery.
Asked about Friday's 103,000 job gains, Bernanke said if that pace of job creation were maintained "you won't see sustained declines in the unemployment rate."
Per the article: The unemployment rate fell to 9.4 percent partly because people gave up looking for jobs
Answer by grlygrlz2 at 11:39 AM on Jan. 7, 2011
Answer by UpSheRises at 1:08 PM on Jan. 7, 2011
Answer by Anonymous at 1:14 PM on Jan. 7, 2011
Answer by tasches at 5:43 PM on Jan. 7, 2011
I think its been pretty consistant,,,I thought I had heard previously it would remain high until 2012-2013.
sucks to hear.....
until they stop companies from outsourcing jobs, thats the way it will stay
Answer by sweet-a-kins at 9:29 PM on Jan. 7, 2011
Next question overall
I know I saw a "Tweet me and I'll Tweet back" post somewhere.....