Bernanke: Long-Term Unemployment A National Crisis

AP
Bernanke: long term unemployment crisis
Bernanke: long term unemployment crisis

By MARTIN CRUTSINGER

WASHINGTON (AP) -- Federal Reserve Chairman Ben Bernanke said Wednesday that long-term unemployment is a "national crisis" and suggested that Congress should take further action to combat it. He also said lawmakers should provide more help to the battered housing industry.

Bernanke noted that about 45 percent of the unemployed have been out of work for at least six months.