High U.S. Unemployment Rates Could Continue for Years to Come

In a sobering moment at Wednesday's Congressional testimony, Ben Bernanke stated that the U.S.'s economic outlook was "unusually uncertain." Following the passing of an unemployment benefits extension for workers who have expired their initial 26 weeks of benefits, but haven't used up the 99-week total extension, Bernanke's comments sent stocks shooting down on Wednesday and increased many's fear that the economic job situation won't be improving any time soon.