By Annalyn Kurtz
There are two economic trends that Federal Reserve chair Janet Yellen told Congress this week she finds “very disturbing.” Unfortunately, the Fed has very little power to fix either of them.
‘Very disturbing’ trend #1: Long-term unemployment
About 3.5 million Americans have been out of a job for at least six months.
This group accounts for 35% of all the unemployed.
Related Reading:
Americans Shut Out of Housing as FHA Fees Jump: Mortgages
Home Sales Topping $100 Million Smash U.S. Price Records
