Monday, March 31, 2014

Yellen: Fed’s ‘extraordinary’ aid to last for some time - The Fed - MarketWatch

Yellen: Fed’s ‘extraordinary’ aid to last for some time - The Fed - MarketWatch: "She noted there are 7 million people working part time but who would like a full-time job. “This number is much larger than we would expect at 6.7% unemployment, based on past experience, and the existence of such a large pool of ‘partly unemployed’ workers is a sign that labor conditions are worse than indicated by the unemployment rate.” Further, the number of people who voluntarily quit their jobs “is noticeably below levels before the recession.”"



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