Bernake Says Unemployment To Stay "Elevated"

Federal Reserve Chairman Ben S. Bernanke testified before the House Budget Committee today that he expects unemployment to “remain elevated” “for some time.” So if you were putting your job search on the back burner, thinking, “oh, I’ll just try harder when the economy gets better,” it might be time to reevaluate that strategy.

Bernanke Says Unemployment to `Remain Elevated’ [Bloomberg]