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Apropos Quote: The most formidable weapon against errors of every kind is reason. - Thomas Paine
Tuesday, 07 February 2012 12:00
Last Updated on Tuesday, 07 February 2012 14:43
Federal Reserve Chairman Ben Bernanke said Tuesday that record levels of long-term unemployment will alter the U.S. job market for the worse for the foreseeable future.
Bernanke said at a Senate Budget Committee hearing that the natural rate of unemployment -- or the level of unemployment that results when the economy is supporting as many jobs as it can -- has risen from about four percent in the early 2000s to more than five percent because so many Americans have been out of work for so long. In the process, they have lost skills and have become less likely to return to work.
Read more of this HuffingtonPost.com Article
Latest Comments
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I was approved for eb which would have been my final 20 weeks I am seeking as have been any employment. it is sad when you can't even get the minimum paying jobs ...
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I live in Texas and have just had my Tier IV benefits (13 weeks) "triggered off" as of May 12th. Everyone that I know is unemployed. I don't know where the state ...
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There is also another company who has had their name stolen, Hostmonster INC, a legit web-hosting company has had their name stolen. They are the newest victims ...
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Walker in WI can twist the numbers however he likes-but the reality is this...since walker's coming into office, over 30,000 WI jobs have been lost--and now ...
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..so i called Colorado unemployment and they said "Yes" for Federal Extended benefits...i will let you know..
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