Four to Five Years Before Return to 'Normal' Jobless Rate


Federal Reserve Chairman Ben Bernanke gave a mixed economic review on '60 Minutes.'

On the one hand, Bernanke said, "At the rate we're going, it could be four, five years before we are back to a more normal unemployment rate."

During the downturn, 8.5 million jobs had been lost and only about 1 million had returned. Bernanke was especially concerned about those unemployed for six months or more. Their skills -- and their attitude -- begin to erode.