Skip to comments.Bernanke: Job market 'quite weak'
Posted on 03/26/2012 8:17:45 AM PDT by maggief
Federal Reserve Chairman Ben Bernanke said Monday that the labor market remains "quite weak," despite a recent run of strong employment data that appears "out of sync" with some broader problems facing the economy.
Noting that the number of people working and the hours worked still linger well below pre-crisis levels, Bernanke described the current job market as "far from normal," throwing some cold water on any nascent notion that the economy had fully recovered from the financial meltdown of 2008.
"Recent improvements are encouraging, but ... in an absolute sense, the job market is still far from normal by many measures, and millions of families continue to suffer the day-to-day hardships associated with not being able to find suitable employment," he said in a speech delivered to economists in Washington.
(Excerpt) Read more at thehill.com ...
Abolish the minimum wage and make Right to Work the law in all of the states. Then watch America come roaring back.
“Abolish the minimum wage and make Right to Work the law in all of the states. Then watch America come roaring back.”
Agreed. And I would add eliminate onerous and mindless regulations and reform the hostile legal environment as well.
Yes, and watch America come roaring back
Outside of Federal, state and local government...lets try “non-existent”....
Job market is still far from normal by many measures, and millions of families continue to suffer the day-to-day hardships.
Obama&Co. still on the job,change sucks.
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