Unemployment

In an unfortunate choice of articles, MSNBC earlier had a featured set of headlines in their politics section regarding the stimulus package and its effect on the troubled job market. One article touts the recent White House claim that the stimulus package had saved 2 million jobs.But the other article explains why a new method of accounting adopted by the White House will make it "impossible to…

Transportation Secretary Ray LaHood took to the WhiteHouse.gov blog today to try to refute a devastating AP report showing that the the stimulus's highway and road funding has done next to nothing to improve the unemployment situation. Though he offered a couple of valid points, LaHood, pictured right in a file photo, actually did very little refuting.The AP asserts in its report that "there was…

CNN's efforts to spin the current economy have gotten to the point of being ridiculous. For three days in a row, a series of reports all showed persistent layoffs above expectations, and in each case CNN.com inexplicably reported optimism.  First up was an ADP report released Wednesday which tracked the economy from the side of business owners and how many workers they laid off. Instead of…

In a Friday news analysis piece that appeared in the paper's print edition today (teased at its web site as seen on the right), Jackie Calmes at the New York Times began with a pathetic headline, and opened with pity on our poor overwhelmed, stressed-out, stretched-in-all-directions President: Obama Tries to Turn Focus to Jobs, if Other Events Allow President Obama keeps trying to turn attention…

Unemployment shot up in 2009 from 7.7 percent in January to 10.1 percent in October before settling at 10 percent in December. Behind those percentages were more than 4.1 million people who lost their jobs during the year. According to data from the Bureau of Labor Statistics, that's the most job losses in a year since 1940. (BLS could only provide data from 1940-2009) But don't expect…

The economy shed far more jobs in December than economists had expected.The Labor Department announced moments ago that nonfarm payrolls declined by a surprising 85,000 workers last month. Economists had been expecting no change or maybe a small decline.One bright spot was healthcare which added another 22,000 jobs. Despite efforts by Democrats to "reform" this industry, it remains one of the few…

In the eyes of many in the liberal media, President Obama can do no wrong. If he does, it's not his fault; he is simply a victim of circumstance, or he made the best decision he could given the options. One can tell news items portraying Obama in this light by their descriptions of problems in the passive voice.Take yesterday's New York Times article by Jackie Calmes, for instance. The piece…

This is the fifth year I have looked into how the media treats these two topics: The use of “Christmas shopping season” vs. “holiday shopping season” (note how the AP photo at right uses “holiday” and not “shopping,” even though there is a C-C-, Chr-Chr-Christmas tree in the picture). The frequency of Christmas and holiday layoff references. I have done three sets of simple Google News…

In keeping with the tradition of the holidays - the minds at MSNBC, the place for politics if you're of the lefty persuasion, decided rate the top 10 political stories of the decade. And leading this gang of masters of the political journalism universe was "Hardball" host Chris Matthews, who on the broadcast of his Dec. 24 program, announced that conservative activism, mainly the tea party…

On December 8, Susan Gustafson at MLive.com proclaimed that "GM's announcement of no more layoffs is good news after years of hemorrhaging jobs": General Motors' announcement this morning that it plans no further layoffs in the immediate future is huge news for both the automaker and Michigan as a whole after years of steady erosion in the ranks of hourly and salaried workers..... the company…

Angry, frustrated, troubled, disappointed, disgust, disrespect - words not normally associated with holiday season. However, they were words Katie Couric used to describe where she sees the mood of country right now. Couric, the anchor of the "CBS Evening News," in a live Facebook video chat on Dec. 22, took on illustrating her view of the populace - a not very sunny picture (emphasis added). "I…

If you believe polls, current Federal Reserve Chairman Ben Bernanke favorability has been slipping. A recent Rasmussen Reports poll indicates that only 21 percent of Americans favor his reappointment as the Fed chair. And this hasn't gone unnoticed by some members of the Senate, where Bernanke's fate lies. Bernanke's reconfirmation passed through the Senate Banking Committee by a 16-to-7 vote…

In his 1981 inaugural address, former President Ronald Reagan said, "Government is not the solution to our problems; government is the problem." Nearly 29 years later, that still holds true according to CNBC "Mad Money" host Jim Cramer and former Federal Reserve Chairman Alan Greenspan. Both Cramer and Greenspan were guests on NBC's Dec. 13 "Meet the Press" and although neither was making a vain…