Department of Labor Blames Unemployment Rise on Teenagers
You've probably heard the news by now: 49,000 jobs lost in May, unemployment up a whopping .5% (from 5.0% to 5.5%), the largest jump since 1986. Into the fray jumps our esteemed secretary of labor, Elaine Chao -- who, it is pointed out on the ShameonElaine website, is not only the wife of our beloved Senate minority leader (and DWT-fave heartthrob) Miss Mitch McConnell but the longest-serving member of the Bush regime cabinet.
Here is ShameonElaine's take on Secretary Chao's contribution to the discussion:
Elaine Chao Lays Blame for May Unemployment Jump
ThereÃ¢â‚¬â„¢s an excuse for everything.
U.S. Secretary of Labor Elaine L. Chao issued the following statement on the May employment situation report released today:
Ã¢â‚¬Å“TodayÃ¢â‚¬â„¢s increase in the unemployment rate reflects the fact that unusually large numbers of students and graduates are entering the labor market.Ã¢â‚¬Â
For those following at home, the aforementioned Ã¢â‚¬Å“May employment situationÃ¢â‚¬Â is the largest jump in unemployment since 1986. ThatÃ¢â‚¬â„¢s 49,000 lost jobs for a total unemployment rate of 5.5%.
But as EPI notes (via Mother Jones), ElaineÃ¢â‚¬â„¢s Ã¢â‚¬Å“blame the kidsÃ¢â‚¬Â excuse doesnÃ¢â‚¬â„¢t explain everything.
An increase in the youth labor force played a role in MayÃ¢â‚¬â„¢s unemployment spike. However, even if we take teenagers out of the data, unemployment still rises from 4.5% to 4.8%, a considerable 0.3% increase, and well above the 4.0% adult rate of one-year ago.
Elaine Chao is still in denial about AmericaÃ¢â‚¬â„¢s economic crisis. What will wake her up?