Job market weak despite employment numbers

Tuesday, March 27, 2012 - 10:53am

Federal Reserve Chairman Ben Bernanke said Monday that the labor market remains "quite weak," despite a recent run of strong employment data that appears "out of sync" with some broader problems facing the economy.

Noting that the number of people working and the hours worked still linger well below pre-crisis levels, Bernanke described the current job market as "far from normal," throwing some cold water on any nascent notion that the economy had fully recovered from the financial meltdown of 2008.

For more on this story, head to the Hill at http://thehill.com/blogs/on-the-money/801-economy/218059-bernanke-despite-recent-gains-jobs-market-still-quite-weak

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