Univision made it rain Benjamins for their report on the “unexpected and surprisingly good” January 2022 jobs report, contrary to its omission of the jobs miracle for Hispanics under the Trump administration. And despite the enthusiasm displayed by anchors Jorge Ramos and Ilia Calderon, not a word was said about how many of the new “over 460,000 jobs” were actually for Hispanics- their actual audience.
Watch Ramos and Calderon as they frame the January jobs report with $100 bills falling from the sky, something you never saw during the Trump jobs miracle for Hispanics:
ILIA CALDERON: While experts and even the White House, Jorge, expected disappointing jobs numbers, the latest report shows the exact opposite.
JORGE RAMOS: And maybe you felt it because the U.S. economy created over 460,000 jobs despite the pandemic which continues to affect many companies, and many Americans that have resigned from their jobs.
CALDERON: Luis Megid reports on this unexpected job creation.
LUIS MEGID: Defying omicron and its wave of infections, the national economy surprisingly created over 467,000 jobs in January.
Let's take a look back to the Trump jobs miracle. As MRC Latino noted in 2018, the lowest ever Hispanic unemployment rate was IGNORED by the Spanish-speaking media. Never mind that at the moment, the 4.6% unemployment rate among Hispanic in the United States had reached its lowest level in the 45 years since the agency first started keeping records on the statistic, back in 1973.
One would think that such a historic achievement would be heralded over the nation’s leading Spanish-language television news programs, but that was not the case despite Hispanic unemployment dropping to around 3 percent, with a booming economy and record numbers of Hispanics entering the workforce. In fact, Latino-interest media didn't focus on a Trump jobs report until the Covid-induced employment collapse of April 2020. As we reported at the time, "Univision and Telemundo couldn’t be bothered to cover it. Once coronavirus-related job losses pushed that number to 18.9 percent for April, Hispanic unemployment numbers were deemed important enough to cover and got a combined 6 minutes and 46 seconds on May 8th. Roughly eight times more coverage than for record low Hispanic unemployment under Trump."
As a footnote, we’d like to point out that the introduction to Univision's report lauding Biden’s January job numbers is much more enthusiastic than the report itself. As correspondent Luis Megid noted, “The increase in jobs practically guarantees that prices will continue to rise, forcing the (Federal Reserve) to increase interest rates.” So much for the falling Benjamins.
This shameless cheerleading was brought to you by Colgate. Their information can be found here.
Click "expand" to view the complete transcript of the segment mentioned above as aired on Noticiero Univisión on February 4, 2022:
ILIA CALDERON: While experts and even the White House, Jorge, expected disappointing jobs numbers, the latest report shows the exact opposite.
JORGE RAMOS: And maybe you felt it because the U.S. economy created over 460,000 jobs despite the pandemic which continues to affect many companies, and many Americans that have resigned from their jobs.
CALDERON: Luis Megid reports on this unexpected job creation.
LUIS MEGID: Defying omicron and its wave of infections, the national economy surprisingly created over 467,000 jobs in January. Not only that- the revised figures for November and December added another 709,000 jobs.
SERGIO URZÚA: It is a very positive fact. The market throughout this week was… I'd say, in a near-panic waiting for these figures.
MEGID: Although economists wrongly forecast a loss, the number is much better than expected.
WOMAN WITH MASK: I do like it
MEGID: It might not be her dream job, but at least now Sonia Ehod can support her family.
WOMAN WITH MASK: It has the good and the bad too. Not everything is perfect.
MEGID: The report is excellent news for the administration and for millions who are looking for work, but paradoxically, it does not have such a good effect on inflation. The increase in jobs practically guarantees that prices will continue to rise, forcing the (Federal Reserve) to increase interest rates. And although it was easy for Alfredo Mendoza to get a job…
MENDOZA: Just like that. In a snap.
MEGID: … like many others, he thinks that things could be better.
MENDOZA: There is still a long way to go to improve the economy
MEGID: That negative perception in the midst of the recovery is something that the White House is trying to change.
PILI TOBAR, WHITE HOUSE DEPUTY DIRECTOR OF COMMUNICATIONS: It's hard to see still being in the middle of a pandemic, maybe seeing a light at the end of the road. But I think it's important to remember where we were a year and a half ago, two years ago. And that's why we're talking to people around the country, everywhere.
MEGID: Analysts' optimism is cautious. After all, the last few years have been full of surprises. In San Francisco Luis Megid, Univision.
