Unemployment

Specifically, what if it is better at picking up small-business job creation than the government's Bureau of Labor Statistics (BLS)? The media isn't asking this question, even though the two reports have diverged by over 400,000 jobs in the past four months (see latest reports here, here, and here on ADP's May estimate that 40,000 jobs were added, vs. expectations that it would come in at 30,000…

High gas prices strike again, says the "CBS Evening News." The June 3 "Evening News" blamed surging gas prices and General Motors reluctance to produce "more fuel-efficient vehicles" for closure of several plants, including one in Janesville, Wisc. "It's not just here and it's not just GM. Since 2005, the big three - GM, Ford and Chrysler - have had 70 plants and supplier shutdowns with a…

..... But Misses Chance to Refute "Jobs Slashed" Claims. It's good to see that someone else is on the case of the recession-obsessed Associated Press, particularly reporter Jeannine Aversa. But even the estimable James Taranto, in his Best of the Web column yesterday, let Aversa's most obvious and repeated error go by without comment. Aversa started out her report yesterday ("When economy…

If there were any doubt the media is trying to milk bad economic news for all that it's worth, look no further than BusinessWeek magazine. BusinessWeek kicked off its "Recession in America" blog on May 2. It is dedicated solely to reporting on the "recession [that] is here (or will be soon)," as the headline of a May 19 post stated (h/t BMI advisor Chris Roush of Talkingbiznews.com). "As the…

In early May, Richard Wolf at USA Today tried to make a big deal over a very small statistic, and wrote one of those "signs of hard times" pieces that have become all the rage these days in Old Media (previous examples are here and here). Wolf's piece was hampered by a possibly excusable math error, courtesy of the data supplied. But he also showed no curiosity as to why there have been such…

The editorial page of the Wall Street Journal has long been an indispensable voice of conservatism. As President Bush said in 2003 in awarding the Medal of Freedom to editorial page editor Robert L. Bartley shortly before his death, he—and by extension his editorial page—has been "a champion of free markets, individual liberty and the values necessary for a free society."But there is one area in…

Someone forgot to tell the Wall Street Journal's Kelly Evans and Justin Lahart, carried here at the Arizona Republic, that they're supposed to portray the economy in a bad light whenever and wherever possible. I'll get to the pair's report later. That "bad light" directive seems seared into the minds of the Associated Press's Martin Crutsinger and his AP colleagues, as they continue to "cling to…

How different do you think Americans' take on the current economy would be if the business press picked up on the fact that the bad employment news is coming predominantly out of two struggling states -- and that most of the rest of the nation is holding its own? That's the question that occurred to me as I looked at April's Bureau of Labor Statistics regional and state employment and…

Amid talk among the mainstream media of a sinking economy in which the elderly must live in vans and others cannot afford to drive 35 miles to church on Sundays, the Associated Press did note a drop in unemployment from 2006 to 2007. But even that news was buried in a story about the military and was used to explain trouble had in meeting recruiting goals. On May 13, an AP story by writer Anne…

In the past several months, NewsBusters has seriously questioned the reporting of the Associated Press's Jeannine Aversa given her proclivity to misrepresent economic data.On Saturday, Aversa wrote an opinion piece that fully explained why she sees gloom and doom in every government statistic regardless of whether or not it's warranted.Here's how Aversa began her analysis entitled "Good Economic…

The Associated Press's business writers just won't let go of their claim (or is it audacious hope?) that we are in a recession -- not heading towards one, but actually in one. Despite yet another decent economic report, this one on productivity, the AP's Martin Crutsinger downplayed a significant beating of expectations, and continued to invoke the R-word (bolds are mine): Worker productivity…

Despite all the gloom and doom, the employment picture in April was much better than economists had expected, and, maybe more important, quite different than the Hooveresque, Depression Era picture media members have been painting for months.Makes you wonder if in press rooms all around America, as well as in Democrat campaign headquarters across the fruited plain, there was a huge sigh of…