“The job market does remain far from normal. The unemployment rate remains elevated, long-term unemployment is still near record levels and a number of persons working part time for economic reasons is very high…The fundamentals that support spending continue to be weak. Continued improvement ... is likely to require stronger growth in final demand and production."—Federal Reserve Chairman Ben Bernanke in his semi-annual report on the state of the economy given to Congress, as reported by Fox Nation and CNN Money.
Bernanke was speaking on Capitol Hill delivering a report on the state of the economy. Bernanke called recent economic improvements "uneven and modest by historical standards."
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