| Unemployment Rate Shows Biggest Increase during Bush Administration |
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| Written by Guillermo Brown | |
| Friday, June 06, 2008 | |
 The U.S. unemployment rate rose half a point from last month to 5.5. The May 2008 statistics marks the biggest unemployment increase during the Bush Administration, the sharpest since 1986 when it rose from 6.7 in January to 7.2 in February. Regarding the increase, the Bush Administration's Secretary of Labor Elaine Chao said, "Today's increase in the unemployment rate reflects the fact that unusually large numbers of students and graduates are entering the labor market." A review of the data from 1998 and 2007 shows an zero percent average unemployment increase between the months of April to May. Related LinksDepartment of Labor: May 2008 US Unemployment Statistics Spread The News!           |
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| Last Updated ( Friday, June 06, 2008 ) |
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