Americans who can't find work likely to 'remain elevated' for extended period --Bloomberg

Obama Aides See ‘Extended Period’ of Unemployment (Update1)

By Rebecca Christie and Mike Dorning

March 16 (Bloomberg) -- U.S. employers won’t hire enough workers this year to lower the jobless rate much below the level of 9.7 percent reached in February, three Obama administration economic officials said today.

The proportion of Americans who can’t find work is likely to “remain elevated for an extended period,â€