On Tuesday, Federal Reserve Chairman Ben S. Bernanke appeared before the Senate Budget Committee, using his same prepared remarks from his Feb. 2 House Budget panel appearance and reiterating his concerns about an unhealthy job market. Bernanke also called on the group to reduce the long-term budget deficit.
He opened his testimony by speaking about the labor market. Bernanke said, "We still have a long way to go before the labor market can be said to be operating normally. Particularly troubling is the unusually high level of long-term unemployment.”
On Friday, January's numbers...
