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Fed: It may take 5 years for jobs to return

December 10, 2010

Federal Reserve Chairman Ben Bernanke told 60 Minutes that it may take five years for employment levels to return to normal.  Bernanke stated, “At the rate we are going it could be 4-5 years before we are back to a normal employment rate.”  Bernanke spelled out the details by mentioning that the economy lost 8.5 million jobs and that around a million have been restored.  Bernanke continued by stating that the unemployment is further stressed by new people entering into the job market. Please view the eye opening interview below:

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Stop Lying About “Recovery” and Stop Demonizing the Unemployed December 13, 2010

[…] don’t want to be blamed with “causing” a market reaction to anything negative they might say.Fed Chairman Ben Bernanke said last week on 60 minutes that it may take FIVE YEARS for jobs to retur… In that case, millions will not be working even if they want to work.  Government officials, for […]

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