'Evening News' Plays up Recessionary-Caused Unemployment

Photo of Jeff Poor.

Worried about finding employment after losing your job because of this gosh-awful recession we're having? Oh, you haven't lost your job yet? Yeah, we aren't actually having a recession yet, but that's just details.

But the show must go on, and so goes the January 23 "CBS Evening News."

"It's a bumpy ride for the American worker as well. As the economy slows the unemployment rate is rising," anchor Katie Couric said. "About 7.6 million Americans are now unemployed. That's a million more than a year ago. So what should you do if you lose your job? [CBS correspondent] Kelly Cobiella looks at some strategies for job seekers for whom this economic downturn is really hitting home."

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While 7.6 million unemployed sounds like a lot, unemployment, at 5 percent for December 2007, isn't near what it was during the highs of previous two recessions. Perhaps Couric was too busy writing up juicy scoops at her college paper, The Cavalier Daily, during the late 1970s to remember what unemployment is like during a real recession.

Unemployment during the Jimmy Carter presidency was at 7 percent, but was amplified by a 13.5-percent inflation rate. Unemployment rose to 6.3 percent following the 2001 recession and 7.8 percent following the 1990-91 recession.

However, for "Evening News," it was time for Remedial Job Searching 101. That might even mean taking a part-time job.

"You should also be open to a part-time job," Cobiella said. "If nothing else it's a way to make contacts. Network in person and online, and as a rule of thumb, allow at least one week of searching for every $10,000 in salary. That's six weeks to land a $60,000-a-year job."

According to the U.S. Labor Department, first-time jobless claims decreased by 1,000 to 301,000 in the week ended January 19, from a revised 302,000 a week earlier. That was far below what economists expected, according to Bloomberg. This is also far below typical recessionary first-time jobless claims, which usually exceed 450,000 according to Briefing.com, an investor newswire service.


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Speaking of unemployment,

Speaking of unemployment, shouldn't Last Place Katie be getting in line?

I wished she would just go

I wished she would just go away...

Leave it to the msm to downplay or outright lie about the rate going down...they just have to make it sound like it was reversed this is their main job...they fell for the fourth straight week....but.....but...but...

I am so sick of them all.

....agenda agenda agenda.

Don't fret, Katie ...

you'll be so excited next year, when we have to pay for the "stimulus" package that includes giving 30 Billion in tax "rebates" to those who didn't pay federal income tax.  I can see you now gleefully telling us how it would be impossible to keep the Bush tax cuts intact.  And how additional "revenue" must be "generated".  (even more wealth redistribution).

Set up for Pandering

A recession is a negative GDP for 2 consecutive quarters ;that is 6 months.  That last quarter of 2007 the GDP grew in a positive direction.  The "delta" or change would have to be almost double going towards the negative direction for 6 months straight to offset the positive growth. 

I don't have a crystal ball; no one can predict a recession, but they come like waves in the ocean. I smell BS by the newsmedia to scare the lemmings to vote for more Gubernment goodies.  Since there is no negative news in Iraq; we must create bad news to scare the lemmings into voting for McCain, Hillary, Edwards, or Obama.  If elected, these individuals will abuse Fed power to solve the "recession" by expanding the Federal Government. 

I favor the Civil Rights Act of 1964 and it must be enforced at gunpoint if necessary. President Ronald Reagan

"Good evening, I'm Katie

"Good evening, I'm Katie Couric. Despite the coming recession, children, despite the coming recession, played on a new playground, that was built, despite the coming recession, in Chicago, which is beginning to feel the effects of the coming recession. Parents, many of them who probably lost their jobs, because of the coming recesssion, watched their children play and laugh, still innocently unaware of the coming recession..."

Katy doesn't seem as Perky, Does She?

Democrats are either Parasites or Parasite Enablers

Remedial Job Searching 101

More brilliance from Kelly Cobiella:

Look in your newspaper's Want Ads section for job listings and send your resume only to the job openings you're qualified for.

When going to the interview, make sure you dress appropriately.

 

Excuse me, but isn't

Excuse me, but isn't unemployment at an all time low?

Second Week of Surprising Job Numbers

This is the second week in a row that New Claims for unemployment benefits came in well below the much higher "consensus" predictions made by economists.

Things can change suddenly, but 300,000 new claims per week is not in recession territory.  Employment is the best predictor of near term economic activity, and so far employment is holding up quite well.  

Damn, is Couric still on

Damn, is Couric still on TV?

If it wasn't for Newsbusters, I would never know she is even on the planet.

By the way, does she have any other expression besides "deer in the headlights?"

Over the last couple of

Over the last couple of months, they've been catching her in "candid" moments off air, talking to producers, hair and makeup.  In those moments, she turns on "Fun Katie", the ditzy, self-absorbed attention whore.  I think she borrowed the persona from watching Friends and Sex in the City (and revisiting her sorority days).  In that mode, she bugs her eyes, raises her voice and tilts her head...saying things like "Eauw ma Gawd", "Gnarly" and "Jumped the Shark".

The true number of

The true number of unemployed is not known ie: workers whose benefits have run out.  Men in particuar have a tough time as companies hire parttimers (women) who will work without benefits.  A family man cannot.