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Starbucks CEO Says Unemployment Rate Nothing to Celebrate Starbucks CEO Says Unemployment Rate Nothing to Celebrate

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Homepage / Sunday Shows

Starbucks CEO Says Unemployment Rate Nothing to Celebrate

photo of Alexandra  Jaffe
February 19, 2012

Starbucks CEO Howard Schultz, who has been floated as a possible presidential candidate for a third-party run, said Friday that the unemployment level is nothing to celebrate.

Speaking in a Friday interview that aired Sunday on CNN's State of the Union on Sunday, Schultz said that though the economy has improved "on the margin," a decrease from 9.1 percent to 8.3 percent unemployment isn't good enough.

"It's almost a fracturing of the morality of America when we're celebrating these kinds of statistics when we have so many people in the country who can't find a job," he said.

 

Despite murmurs that Schultz could enter the presidential race, he told CNN's Candy Crowley that he had "no interest in public office."

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