Unemployment “Surge”

The Chicken Littles at the WaPo are wringing their hands (in glee, since they’ll think it will hurt Bush’s approval ratings) over the June unemployment numbers, which increased to 6.4% (a number that used to be considered relatively low during previous downturns).

Isn’t it just terrible for all of those recent college graduates, new on the job market, to see unemployment spiking just as they’re seeking work?

(And yes, lest anyone ask, that is indeed sarcasm at the WaPo’s ignorance of the seasonality of last month’s number.)