Fed: It may take 5 years for jobs to return

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:

Disclaimer: Articles featured on Oregon Report are the creation, responsibility and opinion of the authoring individual or organization which is featured at the top of every article.