US long-term jobless a 'national crisis'

Federal Reserve chairman Ben Bernanke said long-term unemployment was an American “national crisis” and urged the US government to take further action to combat it.

Federal Reserve chairman Ben Bernanke said long-term unemployment was an American “national crisis” and urged the US government to take further action to combat it.

Mr Bernanke, who also said the government should provide more help to the battered housing industry, noted that about 45% of the unemployed had been out of work for at least six months.

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