The Unemployment Circle is Almost Complete
Bush II is inching closer and closer to the unemployment levels that Bush I attained, with unemployment now reaching a level not seen since 1994:
Unemployment rose to 6.4 percent from 6.1 percent in May, the Labor Department said. That’s the highest level since April 1994.
UPDATE: Via Atrios, this interesting bit of additional information: “… almost all of that jump [in unemployment] being due to female black over 20 unemployment rising from 8.0 to 9.8%.” I wonder what this implies for the level of attention the White House will give this mounting problem.
UPDATE: MB has a more detailed breakdown at Wampum.