Last month more than 14 million Americans were unemployed by the official definition ? that is, seeking work but unable to find it. Millions more were stuck in part-time work because they couldn?t find full-time jobs. And we?re not talking about temporary hardship. Long-term unemployment, once rare in this country, has become all too normal: More than four million Americans have been out of work for a year or more.
Given this dismal picture, you might have expected unemployment, and what to do about it, to have been a major focus of Wednesday?s press conference with Ben Bernanke, the chairman of the Federal Reserve. And it should have been. But it wasn?t.
Related Topics: economy, Ben Bernanke, Federal Reserve System
Source: http://www.realclearpolitics.com/2011/04/29/goldilocks_has_left_the_building_254585.html
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