Job Creation Rising, But Job Losses Continue

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Federal Reserve Chairman Ben Bernanke testified before Congress yesterday, saying he expects to see new jobs appearing near the end of this year or early next year. He warned, however, that it could take a while for the unemployment rate to slow down. Joining The Takeaway to discuss the long wait for work is New York Times magazine writer Roger Lowenstein, who sees the lack of job hiring as more troubling than job losses. Also joining the conversation are Fred Winner, who runs a welding company in Western Ohio and has had to lay off employees and cut hours, and Boreas Van Nouhuys, who lost his job last November as a carpenter in Kauai, and is still looking for work.