Unemployment

This was just too delicious for words…but I’ll try. As many of you are aware, most conservatives who study the economy and the markets view the New York Times’ Paul Krugman as being one of the most disingenuous pols on the landscape. Krugman has regularly been shown to flat out lie about economic data in his articles to prove his specious points, and was accused by the Times’ former ombudsman…

For journalists, the answer depends on whether they are covering the shopping season or company layoffs.______________________ Last year, I sensed that journalists in general prefer to call this time of the year in commerce that of "holiday shopping" instead of "Christmas shopping," but that when it came to people losing their jobs, they preferred to describe layoffs as relating to "Christmas…

Just four days before the election, the network news shows downplayed reports of a major drop in the unemployment rate and the creation of 231,000 new jobs. CBS’s Katie Couric groused, “But do the jobs out there pay enough?” NBC’s Brian Williams declared, “That was below expectations,” and ABC’s Charles Gibson gave the issue a total of 15 seconds.That wasn’t the way the networks handled bad news…

Last night on the CBS Evening News, anchor Katie Couric saw lost jobs on the horizon as she pointed to an uptick in wages as productivity remained unchanged in the third quarter.Then this morning the government announced a 4.4% unemployment rate, the lowest it's been in five years, as well as a healthy upward revision in the September job totals.You can find more of my article on this here at…

Those of us that study the economy and how it is reported by the drive-by media are constantly amazed by how those covering financial issues continually misrepresent statistics to advance their agenda. No finer recent example has occurred than on “The Chris Matthews Show” Sunday when the host bemoaned new highs set by the Dow Jones Industrial Average last week as not accurately reflecting what is…

One of the continual carps of the media concerning the current economic expansion has been that only low-paying jobs are being created that aren’t keeping up with inflation. Well, the Bureau of Labor Statistics reported Wednesday:Average weekly earnings rose by 4.0 percent, seasonally adjusted, from September 2005 to September 2006.  After deflation by the CPI-W, average weekly earnings increased…