Unemployment

When Katie Couric and the folks at CBS start doubting what the Administration says about how effective February's economic stimulus package was, you know President Obama is in trouble.Consider that on Thursday's CBS "Evening News," Chip Reid began a segment with the following startling statement about a jobs report card to be released by the White House Friday:Well, Katie, that report is going to…

It would appear that the Apparatchik Press -- er, the Associated Press -- thinks that part of its job is to soften the impact of embarrassing admissions made by Obama administration members. Take the wire service's Thursday afternoon AP report by Jim Kuhnhenn on Council of Economic Advisers' chair Christine Romer's observations about the stimulus package. Romer said (in AP's words) that "the…

As I pointed out Monday night (at NewsBusters; at BizzyBlog), Associated Press reporter Martin Crutsinger, in his Saturday morning report on the federal government's full-year fiscal results, conveniently "forgot" about a major accounting change that enabled President Obama's Treasury Department to report a final "deficit" of "only" $1.417 trillion. That's hundreds of billion of dollars lower…

  Showing that Reverends Al Sharpton and Jesse Jackson have become interchangeable, in the 2:00PM ET hour on MSNBC, anchor Contessa Brewer mistakenly introduced Jackson as Sharpton: “Joining me now to talk about this and the nation’s real problem of joblessness, the Reverend Al Sharpton....I’m so sorry, the – the script in front of me said Reverend Al Sharpton...I know who you are, Reverend…

Here was a chance for Sen. John McCain, R-Ariz. to admit he was wrong, and to conclude publicly that government intervention in the private sector doesn't always result in the best of outcomes. McCain appeared on CNN's Oct. 11 "State of the Union" in a pre-recorded interview and was asked by host John King if the lackluster recovery of the economy warranted more government intervention. "The…

BMI's Julia A. Seymour appeared on FNC's "America's News Headquarters" to discuss her latest report, "Networks Flip Flop on Jobs." During Seymour's Oct. 4 appearance, she told host Shannon Bream some of the findings of her report. "Let's talk about who was the president 26 years ago, Ronald Reagan. So how were his unemployment numbers, or what happened under his watch covered as compared…

Based on the data, the current job situation for teenagers in America is the worst on record. According to Uncle Sam's Bureau of Labor Statistics: Seasonally adjusted teenage unemployment hit 25.9%. That is the highest rate in the nearly 62 years BLS has been reporting this number. The previous record was last month's 25.5%. The record before that was 24.1% in November and December of 1982. A…

Former Clinton Labor Secretary and current Obama economic advisor Robert Reich was laughed at Friday for claiming "the stimulus package is the thing that is actually keeping the economy up, keeping people employed." In a discussion on CNBC about the larger than expected September job losses reported Friday by the Labor Department, Reich was explaining to hosts Melissa Francis and Lawrence Kudlow…

As the Business & Media Institute's Julia Seymour previously reported, the September unemployment data just released by the Bureau of Labor Statistics revealed a larger than expected decline in non-farm payrolls.Yet, as employers shed another 263,000 workers, the healthcare industry ADDED -- yes, ADDED!!! -- 19,000 employees.As NewsBusters reported last month, the healthcare industry, despite…

Unemployment rose again in September, to 9.8 percent, with 263,000 jobs lost according to Bureau of Labor Statistics release. That followed months of positive economic coverage from the networks and begs the question: how with the network news spin that tonight? The network news media have been manipulating bad jobs reports in Obama's favor since March as the unemployment rate rose from 8.1…

BMI's Julia A. Seymour appeared on today's Fox Business Live with Stuart Varney to discuss the discrepancy in media coverage of unemployment under Presidents Reagan and Obama. Author of BMI's latest study, "Networks Flip-Flop on Jobs," Seymour explained her findings: We looked specifically at seven months of coverage in 1982 and again in 2009 that had very similar periods of unemployment…

Unemployment is currently at a 26-year-high of 9.7 percent and expected to continue rising. The last president to govern with such high unemployment was President Ronald Reagan. But in 1982, when unemployment was rising similarly to the way it has in 2009 the network news media were merciless quoting attacks from Democrats, union leaders and the unemployed to attack Reagan's "sadistic" fiscal…

Thanks to info "steveegg" at No Runny Eggs linked me to earlier today, I had to add the word "Annual" before "Cash Flow" at this post (at NewsBusters; at BizzyBlog) that originally appeared Wednesday. That's because the system is already running monthly deficits, and significant ones. Back in February, the system also ran a deficit. It was bad news, but because February is an unusual month…