Labor Secretary Elaine Chao Explains Rising Unemployment

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The Labor Department reported today that the unemployment rate rose from 5.0 percent to 5.5 percent in May, the largest monthly spike in more than two decades. Secretary of Labor Elaine Chao’s explanation?

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

Sounds ridiculous? That’s because it kind of is. Here’s some sense from Jared Bernstein at EPI:

“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.”

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"It's that we're screwed with or without him if we can't show the public that what we do matters for the long term," writes Mother Jones CEO Monika Bauerlein as she kicks off our drive to raise $350,000 in donations from readers by July 17.

This is a big one for us. So, as we ask you to consider supporting our team's journalism, we thought we'd slow down and check in about where Mother Jones is and where we're going after the chaotic last several years. This comparatively slow moment is also an urgent one for Mother Jones: You can read more in "Slow News Is Good News," and if you're able to, please support our team's hard-hitting journalism and help us reach our big $350,000 goal with a donation today.

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