Unemployment

Tuesday's coverage at the Associated Press of the deepening humanitarian crisis in the Bolivarian socialist disaster known as Venezuela focused on the conditions in the ever-lengthening lines its citizens must endure in hopes of obtaining enough of the basics of everyday life just to survive. Wire service reports often start off relatively brief and expand as reporters gather more information.…

The Federal Reserve announced it wouldn’t raise interest rates, in part due to a poor May jobs report and economic “headwinds.” Two out of the three broadcast networks ignored the decision.

El presidente de la Cámara de Representantes, Paul Ryan, y los miembros republicanos de ese cuerpo anunciaron un plan integral para combatir la pobreza en Estados Unidos, pero hasta ahora Univisión y Telemundo han ignorado con esmero la propuesta.

Another major employer has decided to join the long list of companies moving jobs from California to more business-friendly states. This time, it's $12 billion titan Jacobs Engineering, which is moving its "corporate operations," almost definitely meaning its headquarters, from Pasadena to Dallas, Texas. Press reaction, especially outside of business-oriented outlets, has ranged from nonexistent…

In news which appears to have first become known to the general public at the Financial Times on Wednesday, research done by Goldman Sachs indicates that the Affordable Care Act, aka Obamacare, has led to more involuntary part-time employment — something which the Act's proponents claimed is something that wouldn't happen, and still insist hasn't happened. How much more? According to the Times, "…

A basic economic premise holds that when the price of something rises, people seek to economize on its use. They seek substitutes for that which has risen in price. Recent years have seen proposals for an increase in the federal minimum wage to $15 an hour. Some states and localities, such as Seattle, have already legislated a minimum wage of $15 an hour.

Taking a cue from the Associated Press's Martin Crutsinger in March of last year, two Los Angeles Times reporters told readers on Monday that the economy is about to complete a seventh year of expansion. No it's not, at least not if historical benchmarks for determining expansions are consistently and properly heeded. Reporters Jim Puzzanghera and Don Lee couldn't even keep their own standards…

A Pew Research report published three weeks ago on America’s Shrinking Middle Class presented a fundamentally misleading narrative which the press was only too eager to relay and continues to use, namely that the middle class has been seriously shrinking since the turn of the century. Christopher Rugaber at the Associated Press typified the initial press coverage, writing: "In nearly one-quarter…

In spite of expectations that 160,000 jobs or more were added in May, the latest jobs report was a shocker showing just 38,000 job gains last month. CNBC’s Squawk Box panelists reacted live to that surprising Labor Department report on June 3, which showed that employment increased by a mere 38,000, while unemployment fell to 4.7 percent. However, low labor force participation continues to be a…

Barely a minute into Wednesday’s PBS town hall event with President Barack Obama, PBS NewsHour co-host Gwen Ifill took a few digs at the people of Elkhart, Indiana where the event was being held for not giving Obama “any credit” for their unemployment drop to the point that she exclaimed: “What gives?”

The establishment press has given an open mic to proponents of raising the minimum wage nationally, and has cheered $15-per-hour legislation passed in California and New York earlier this year as "historic." The silence from those same quarters, e.g., the Associated Press, the New York Times and others, is deafening now that one of the predictions of those who have criticized such sharp…

In an analysis for the front page of Wednesday’s New York Times business section, Eduardo Porter trumpeted that the real issue ailing the American economy and impeding on its improvement is the lack of mass government jobs programs similar to its “large and underappreciated role in reshaping” the country during the 19th and 20th centuries. 

Based on the content of John Kerry's Friday commencement speech at Northeastern University, one might have expected that those in attendance threw away their passports after the event ended. That's because the Obama administration's Secretary of State told those in attendance: "You’re about to graduate into a complex and borderless world." Kerry's extraordinarily dense, naive and dangerous…

The press is protecting Democratic frontrunner Hillary Clinton from the true extent of the blowback over her expressed desire to see coal miners lose their jobs and her bogus attempt to "apologize" for what she said. Former House Speaker Newt Gingrich, appearing on Fox & Friends Thursday morning, identified a larger truth about Mrs. Clinton's callous disregard for workers and their families…