Two Economic Trends that Janet Yellen Says are 'Very Disturbing'
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Two Economic Trends that Janet Yellen Says are ‘Very Disturbing’
By Annalyn Kurtz
There are two economic trends that Federal Reserve chair Janet Yellen told Congress this week she finds “very disturbing.” Unfortunately, the Fed has very little power to fix either of them.
‘Very disturbing’ trend #1: Long-term unemployment
About 3.5 million Americans have been out of a job for at least six months.
This group accounts for 35% of all the unemployed.
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