On the recordJune 2, 2009
The historical experience is that the labor market tends to lag the business cycle.
Source
congress.govThe historical experience is that the labor market tends to lag the business cycle.
Bernanke explains that unemployment often remains high even as the economy recovers.
Share
More from Ben Bernanke
Let me just say that we are quite aware of these portfolios, and we are addressing them in at least two ways.