It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
(visit the link for the full news article)
During an economic speech today, President Bush partly blamed a dramatic rise in unemployment on new workers entering the workforce. Later, in a CNN interview, Bush Labor Secretary Elaine Chao also said that the increase the unemployment rate was "caused in part by a surge of young entrants into the job market."
CNN senior business correspondent Ali Velshi weighed in that Bush administration excuses for the poor economy were "ridiculous." Velshi explained, "I just wish they wouldn't say that. President Bush said something earlier about how the unemployment rate today -- the increase -- was because a whole bunch of teenagers have joined the workforce, that's the point. 100,000 people join the working age working force every month. If we don't create 100,000 jobs every month, we're not doing the right thing."
Originally posted by stumason
reply to post by RRconservative
So people only turn working age at certain times of the year then?
A jump of 0.5% in one month cannot be put down to a mass of teenagers joining the market. Was there some sort of baby boom in 1990 that caused a huge bubble of kids to be born in May of that year?