Pre-Recession Jobless Rates a Sign of Stability?


Economic experts say despite recent weekly unemployment numbers showing pre-recession jobless rates, it doesn't mean the economy is well enough to stand on its own.

Federal Reserve Chair Janet Yellen said the stimulus put in place in 2009 is still very much needed.

"The path of the economy is uncertain and effective policy must respond to significant, unexpected twists and turns the economy may take," Yellen said.

"Thus far in the recovery, and to this day, there is little question that the economy has remained far from maximum employment," she added.

Federal officials say the country should expect a gradual return to full employment over the next two to three years.

News Articles