CNN "Newsroom" anchor Kyra Phillips reported the "breaking news" about July's unemployment data just after 9 a.m. Aug. 6. Misreported would be more accurate.
"We begin with the breaking news this morning on a broken economy. We have new evidence of just how feeble the recovery is and how many Americans have nothing to show for it," Phillips said. "The nation's unemployment rate has remained flat at a disheartening 9.5 percent. Just last month 60,000 jobs vanished, the news is bad, but not quite as bad as we expected."
Actually, the news was worse than Phillips reported. The U.S. lost more than twice that many jobs in July: 131,000 according to the Bureau of Labor Statistics (BLS). The BLS also revised June data after finding an additional 96,000 lost jobs (June's total losses 221,000).