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RJ & Makay

Our view of news, events and human capital trends in the financial services industry.
Tags >> Ben Bernake

The recession is likely over. High unemployment isn't

Posted by Darin Manis on Sep 15, 2009

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Today, Ben Bernake said the worst recession recession since the 1930s is very likely over. But he also said that the recovery would be slow and take time to create new jobs.The unemployment rate grew to a 26 year high of 9.7% up from 9.4% the month prior. Bernanke believes the unemployment rate will continue to rise even higher.