Unemployment

White House Director of the National Economic Council Larry Kudlow called himself a “happy camper” about the state of the U.S. economy and criticized those making it sound like the country is in recession. “I do want to say and repeat that the U.S. economy is very strong and that’s what the jobs report [shows], and wages are rising,” he told anchor Stuart Varney on Fox Business’ Varney &…

The left love to complain that recent economic growth has only benefited people at the very top and left the middle class and the poor behind. The Wall Street Journal just found more evidence to the contrary. “The fortunes of low-skilled workers have turned up markedly” amid the longest economic expansion in U.S. history and a near-record low in unemployment, Journal chief economics commentator…

The liberal media don’t want to give President Donald Trump positive coverage on anything, including the economy. The New York Times’ reluctance was obvious as it downplayed the June jobs report which smashed expectations with 224,000 jobs. The Times quickly tamped down any economic enthusiasm.

CBS News online provided Democrats ammunition disguised as free advice and “facts” just ahead of their first debate. Supposedly wondering how the economy is “really doing,” CBS journalists Aimee Picchi, Alain Sherter, and Irina Ivanova glumly answered, “The first quarter of 2019 may be as good as it gets for quite a while.” 

The current economic expansion could “make history” if it lasts through July, but Bloomberg BusinessWeek pooh-poohed its 10th anniversary saying “no one’s partying” in the June 10 issue.

Outstanding economic news continues for the nation's largest ethnic minority – Hispanic Americans - with the unemployment rate for this segment of the population remaining at a record-low of 4.2% in May. Yet for the Spanish-language sister network of NBC, Telemundo, this historically low rate was not even worth mentioning on its national evening news.

In spite of the disappointing May jobs report showing only 75,000 new jobs, MarketWatch and CNBC reported signs of continued strength in the labor market that could help ease economic jitters. MarketWatch reporter Jeffry Bartash asked, “Has the U.S. labor market really taken a big turn for the worse?” and answered, “A new pair of employment reports suggest the answer is no.” He cited a private…

Even liberal newsrooms have to grapple with economic realities, as Vox Media may be learning.

Last week's column discussed Dr. Thomas Sowell's newest book Discrimination and Disparities, which is an enlarged and revised edition of an earlier version. In this review, I am going to focus on one of his richest chapters titled “Social Visions and Human Consequences.” Sowell challenges the seemingly invincible fallacy “that group outcomes in human endeavors would tend to be equal, or at least…

During the Trump administration Hispanic unemployment has hit five all-time record lows, but the nation’s number one Spanish-language television newscast, Noticiero Univision, once again blew off the latest blockbuster economic news for the country’s largest minority group, which participates in the American labor force at a higher rate than any other segment of the U.S. population.

April was a great month for jobs with another upside surprise. CNN reported on May 2, that it was expected to be “a healthy but unspectacular” 185,000 jobs. Unemployment was expected to remain at 3.8 percent. MarketWatch was expecting a “robust increase” of around 213,000 jobs.

Just minutes after the April jobs report was released Friday morning, showing the unemployment rate dropping to its lowest point since 1969, MSNBC fretted that the booming economy would be a serious political “challenge” for Democrats in 2020. Anchor Chris Jansing went to work trying to take credit away from the Trump administration and downplaying the numbers.

Given the very few job gains in February and rampant media speculation in March about a coming recession, it was essential that all three evening news shows update their audiences about jobs and unemployment April 5. But not all of them did.

The strong March jobs report “should end” concerns that a recession is “lurking” as one Hill op-ed suggested March 1. The media worried and speculated over recession throughout the entire month of March. The government released the March jobs report on April 5, showing 196,000 jobs added — more than 20,000 higher than expected. It also showed unemployment holding steady at 3.8 percent.