ben bernanke

U.S. Employers Add 195,000 Jobs in June; Jobless Rate Stays at 7.6%

U.S. Employers Add 195,000 Jobs in June; Jobless Rate Stays at 7.6%

Employers added 195,000 new jobs to their payrolls last month, the Labor Department said Friday, while the unemployment rate held steady at 7.6 percent as more people entered the workforce. Read More »

U.S. Growth Slowed At Year's Start But Some See Rebound

U.S. Growth Slowed At Year's Start But Some See Rebound

By Paul Wiseman and Christopher S. Rugaber WASHINGTON -- Don't panic yet. The government reported Friday that the economy got off to a tepid start this year, but that doesn't foreshadow a repeat of the near-standstill that happened in 2011. "The economy is firmly on a growth trajectory," said Sung Won... Read More »

Bernanke Says U.S. Job Market Weak Despite Gains

Bernanke Says U.S. Job Market Weak Despite Gains

By Martin Crutsinger WASHINGTON -- Chairman Ben Bernanke says the U.S. job market remains weak despite three months of strong hiring and that the Federal Reserve's existing policies will help boost growth. Read More »

Fed Chief Ben Bernanke Gets 'Day Job'

Fed Chief Ben Bernanke Gets 'Day Job'

By Martin Crutsinger WASHINGTON -- As college courses go, the name - "Reflections on the Federal Reserve and Its Place in Today's Economy" -- sounds perfectly ordinary. Then there's the name of the lecturer. Not exactly ordinary: Ben Bernanke, the sitting chairman of the Federal Reserve. Read More »

No New Action Expected On Interest Rates As Fed Weighs Job Gains

No New Action Expected On Interest Rates As Fed Weighs Job Gains

By Martin Crutsinger WASHINGTON -- Since the Federal Reserve's policymakers last met in January, the job market has shown more muscle. Employers have hired more than a half million people. The unemployment rate is down. Read More »

Bernanke: Job Market Remains Weak Despite Gains

Bernanke: Job Market Remains Weak Despite Gains

By Martin Crutsinger WASHINGTON (AP) -- Ben Bernanke says the job market isn't as strong as the steadily declining unemployment rate might suggest. Responding to questions at a Senate hearing Tuesday, he noted that the unemployment rate doesn't capture the plight of millions of people who have stopped... Read More »

Bernanke: Long-Term Unemployment A National Crisis

Bernanke: Long-Term Unemployment A National Crisis

By MARTIN CRUTSINGER WASHINGTON (AP) -- Federal Reserve Chairman Ben Bernanke said Wednesday that long-term unemployment is a "national crisis" and suggested that Congress should take further action to combat it. He also said lawmakers should provide more help to the battered housing industry. Bernanke... Read More »

Four to Five Years Before Return to 'Normal' Jobless Rate

Four to Five Years Before Return to 'Normal' Jobless Rate

Federal Reserve Chairman Ben Bernanke gave a mixed economic review on '60 Minutes.' On the one hand, Bernanke said, "At the rate we're going, it could be four, five years before we are back to a more normal unemployment rate." During the downturn, 8.5 million jobs had been lost and only about 1 million had... Read More »

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