Unemployment

On Friday's Situation Room, CNN's Jack Cafferty tossed cold water on the Obama administration's "recovery summer" claims, stating that the "current recovery has been one of the worst for job creation ever." Cafferty also criticized the dangerous growth in the national debt, underlining that there "appears to be a rather serious disconnect," as the President requested billions in additional…

It seems that when they saw today's today's disappointing unemployment claims report from Uncle Sam, the Associated Press's Alan Zibel, perhaps with the help of contributors Jeannine Aversa, Martin Crutsinger, and Tali Arbel, decided to start playing the expectations game with June's Employment Situation Report, which isn't due to arrive from the Bureau of Labor Statistics until July 2. If so,…

The network morning and evening news shows have all but ignored President Obama's Saturday letter to congressional leaders asking for $50 billion in additional spending to prevent the "massive layoffs of teachers, police, and firefighters." Only Sunday's Good Morning America on ABC has covered the President's request so far.The chief executive's June 12 letter to Speaker Nancy Pelosi, Senate…

Real Clear Politics currently has a video highlighting statements by Democratic Congressman James Clyburn Jr. of South Carolina. It teases the video with a question asked by Candy Crowley of CNN. Once one sees the entire sequence, it's clear that Clyburn really answered Crowley's question before she even asked it. Here's the full transcript of the vid, which begins after Indiana Republican…

In an article published yesterday afternoon, CNBC news associate Joseph Pisani took note of something the rest of the media mostly hasn't, or at least hasn't highlighted: the terrible job market for teenagers. The headline and text indicate that this is the worst such market in 41 years. That's true, based on the stat Pisani presented. But barring a near miracle in the next three months, in terms…

In a Wall Street Journal op-ed today, George Mason University economics professor Daniel Klein today notes that "self-identified liberals and Democrats do badly on questions of basic economics." It therefore shouldn't be terribly surprising that so many journalists do a poor job of economic and business reporting, because, as the Media Research Center has frequently and consistently documented…

The Bureau of Labor Statistics released its monthly jobs report on June 4, showing only 41,000 new private-sector jobs. But those jobs were overshadowed by the enormous number of temporary census jobs in the May data. According to the report, "employment grew by 431,000 in May, reflecting the hiring of 411,000 temporary employees to work on Census 2010." Those Census jobs made up 95…

In a PBS interview June 2, Vice President Joseph Biden predicted 700,000 to 1.4 million jobs would be created by the end of 2010. But at most, that would still be more than 5.2 million jobs shy of matching President Obama's claims about economic stimulus. Biden forecast job creation "between 100,000 and 200,000 jobs on average all the way through this year" in an interview with Charlie…

The federal government saw its tax collections fall by almost 20% in fiscal 2009 compared to fiscal 2008. Through the first seven months of the current fiscal year, year-over-year collections were down by another 4.5%. New York Senator Charles Schumer (pictured at right; obtained from wbng.com) is desperately searching for another way to fleece taxpayers (because cutting spending is of course…

Update - 5/27, 3:08 PM | Lachlan Markay: A new Harvard study finds that increased government spending actually reduces economic activity, contradicting the basic premise behind CBO's assumptions. Details below. Good economic news is so rare for the current administration, that when some does emerge, many in the media parrot it as fact without really examining the claims that undergird it. New CBO…

Why is Oklahoma's economy more than OK these days? The latest piece of evidence supporting that truth arrived on Friday, when Uncle Sam's Bureau of Labor Statistics released April's Regional and State Unemployment Summary. The report tells us that Oklahoma had a seasonally adjusted unemployment rate of 6.6% last month. That's far lower than the 9.9% reported for the entire USA two weeks ago. No…

On Saturday’s Huckabee show on FNC, as the show was broadcast from Las Vegas, singer Wayne Newton appeared as a guest to discuss the economic situation in the city, and, when asked by host Mike Huckabee his reaction to President Obama’s remarks from last year attacking businesses for indulging in trips to Las Vegas, Newton did not mince words: "I think that it was the most irresponsible, arrogant…

"Unexpectedly." It recent overuse by the Associated Press almost makes me nostalgic for the "green shoots" that the mainstream media kept seeing last year in the midst of rising unemployment and other bad economic news. When you see the AP use that adverb nowadays, you almost always know it involves depressing news on the economic front and this time they did not dissapoint with their story about…

Believe it or not, there are some who still fail to grasp the notion that the legacy media are overwhelmingly liberal. They act shocked when the media do what they usually do -- toe the liberal line -- and search in vain for some way to explain the apparent bias."Does the Media Care About Unemployment?" asked Kevin Drum, a writer for the liberal Mother Jones. Drum postulated that that "the media…