Joblessness to "remain elevated" for a while, Bernanke says

02/10/2011 | Bloomberg

Although U.S. unemployment fell the most over two months since 1958, joblessness will remain high "for some time," Federal Reserve Chairman Ben Bernanke told the House Budget Committee. He said the central bank hasn't seen enough evidence of a durable improvement in the labor market to back away from its $600 billion bond-buying program, aimed at stimulating the economic recovery.

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