Record Teen Unemployment: Only WSJ Seriously Looks At Minimum-Wage Hik
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…
Reich Laughed At For Saying Stimulus 'Keeping People Employed
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…
Healthcare Adds Another 19,000 Jobs, 559K Since Recession Began
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…
Jobless Numbers Jump; Watch Bias ABC's Gibson Spin Stats from 1982 vs
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 Seymour: Networks Coverage of Unemployment ‘13 Times More Ne
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…
1982, 2009: Networks Find Identical Unemployment Numbers 'Good ' News
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…
Social Security: The Closer You Look, the Worse It Appears; Media Has
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…
Kooky Ignorance: Michael Moore Claims Wall Street Wants Intentionally
If any policy maker watches Michael Moore's new movie, "Capitalism: A Love Story" and is influenced by it - be afraid, be very afraid. Moore appeared on CNN's Sept. 23 "Larry King Live" to promote his movie, but he shared with host Larry King his thoughts on why the stock market has rallied off its lows, despite a rising unemployment. His reasoning - Wall Street likes joblessness, because it's…
Fmr Dem/Actor Paul Rodriguez Begs Obama to Side w/ Farmers Over Endang
As FNC's Sean Hannity devoted his show Hannity on Thursday evening to the plight of California farmers who are suffering unemployment because the federal government is withholding water from their crops in favor of saving endangered fish, Hannity began the show, specially titled "The Valley That Hope Forgot," by interviewing comedian and former Democrat Paul Rodriguez, chairman of the California…
Actor Alan Autry Slams Obama for Choosing Fish Over Farmers, Says Drou
On Thursday's Hannity show, Sean Hannity hosted a special edition of his program -- titled "The Valley That Hope Forgot" -- in Huron, California, where drought-stricken farmers are suffering because the federal government continues to withhold water to save endangered fish, leaving tens of thousands of farm workers standing in line for hours at food banks. As the show aired amidst a rally of…
Newspaper Association Cancels Conference in South Carolina Over Rep. W
The National Newspaper Publishers Association (NNPA), also known as the Black Press of America, which is a non-partisan 501(c) 3 tax-exempt organization, has decided to show its disapproval of South Carolina Rep. Joe Wilson's "You Lie" remarks by canceling a convention in the state. "Rep. Wilson's remarks were racist, disrespectful and a disingenuous violation - not only of President Obama - but…
Media Spin Abounds Over Last Friday's Employment Report
On Friday, Uncle Sam's Bureau of Labor Statistics reported that the nation's unemployment rate rose to a seasonally adjusted 9.7% in August, and that the economy lost another 216,000 seasonally adjusted jobs. In various ways, the press tried to put a happy face on the news and otherwise tried to minimize its impact. It also continued, as it has for years, to ignore what really happened on the…
Teenage Unemployment Rate at Record High: NYT Blog Post Commenters Exp
(image found at townnews.com) Yesterday's Employment Situation Report from Uncle Sam's Bureau of Labor Statistics had lots of dismal news. One of the bigger disappointments, but sadly not one of the bigger surprises, is that the teenage unemployment rate reached an all-time seasonally adjusted high of 25.5%. People who know even a little bit about economics should understand why, but an oddly…
