There’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:

“Today’s increase in the unemployment rate reflects the fact that unusually large numbers of students and graduates are entering the labor market.”

For those following at home, the aforementioned “May employment situation” is the largest jump in unemployment since 1986.  That’s 49,000 lost jobs for a total unemployment rate of 5.5%.

But as EPI notes (via Mother Jones), Elaine’s “blame the kids” excuse doesn’t explain everything.

An increase in the youth labor force played a role in May’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 America’s economic crisis.  What will wake her up?

This entry was posted by Michael Whitney on Friday, June 6th, 2008 at 2:24 pm to Elaine Chao, Negligence, Unemployment.
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