Unemployment

April 1984 was the U.S. economy's 19th post-recession month while Ronald Reagan was President. It was a month during which the government initially reported that the unemployment rate remained at 7.7%, while the number of jobs added was 269,000. By the time the government made all its subsequent revisions over the next few years, the final jobs-added figure was 363,000. On May 5, 1984, in an…

Someone needs to tell the Associated Press's Jeannine Aversa and Christopher Rugaber that just because the number of unemployed people declines, it doesn't mean that they "found work." That must be what the pair believes. Their error-riddled and suspect supposition-driven Friday afternoon report, whose title predictably focused on the unemployment-rate drop while ignoring the pathetic…

As NewsBusters previously reported, CNBC's Rick Santelli was very disappointed by Friday's jobs report from the Labor Department showing a surprising decline in the unemployment rate to 9.0 percent. Disappointing is hardly the word I would use for buried inside the numbers was another huge decline in the size of the American labor force that should have economists and government officials…

Jobs are heading up and down at the same time. The Bureau of Labor Statistics announced the morning of Feb. 4 that only 36,000 jobs were added in the month of January, but the unemployment rate dropped from 9.4 percent to 9.0 percent. The mainstream news media will likely latch on to the dropping unemployment rate, despite job gains that were less than one-fourth of the consensus estimate of…

On Wednesday, the Associated Press's Andrew Taylor covered the latest deficit projections released by the Congressional Budget Office. In his treatment of the predicted unemployment rate, Taylor betrayed no concern whatsoever about the plight of the millions of unemployed who are in that position largely because the Obama administration attempted to bring about an economic recovery through…

The President that expanded the role, scope, and size of the federal government more than all that came before him or since is unquestionably Franklin Delano Roosevelt. Yet on Tuesday, moments after calling Congresswoman Michele Bachmann a "balloon head," MSNBC's Chris Matthews actually said FDR "bailed out capitalism in the '30s" (video follows with transcript and commentary):

Talk about incendiary and toxic talk. In Friday’s Washington Post, business section columnist Steven Pearlstein proclaimed that “what's particularly noteworthy about” congressional Republican “fixation with ‘job killing’” Democratic policies, such as Obamacare, “is that it stands in such contrast to the complete lack of concern about policies that kill people rather than jobs.” Pearlstein, a…

Okay, who slipped truth serum into Evan Thomas's coffee? On Friday, Newsweek's "Editor at Large" (according to his bio here) appeared on "Inside Washington" (link to entire show is here; transcript not yet available). After being cued up with a softball from host Gordon Peterson about how supposedly great Friday's news about the drop in the national unemployment rate was (uh, not exactly,…

You don’t find many “gems” on a Saturday morning. It’s a lazy day, getting ready for football and a late breakfast---then Cokie Roberts, speaking on ABC’s Good Morning America, dropped the bomb. Roberts has apparently bought into the far-left's conspiracy theory that Republicans simply do not want to see Americans get jobs. Yep. Republicans are more interested in defeating old media’s Dear…

Despite virtually all economists and the Chairman of the Federal Reserve finding Friday's unemployment report disappointing, MSNBC's Ed Schultz parroted President Obama's take that the numbers released by the Labor Department were good news. The "Ed Show" host crowed so gleefully about the much-maligned data that he even said it was evidence the 2009 stimulus package worked (video follows…

A sharp drop in the unemployment rate from 9.8 percent to 9.4 percent "surprised" analysts on Jan. 7, but Mesirow Financial's chief economist Diane Swonk warned CNBC viewers that it was an "anomaly." The drop in unemployment rate confused some because in the same report the Bureau of Labor Statistics reported only 103,000 overall nonfarm payroll gains in December 2010. CNBC's "Squawk…

 Appearing as a guest on Thursday’s Countdown show on MSNBC, Matt Taibbi - contributing editor of Rolling Stone magazine - ridiculously accused Republican House Speaker John Boehner and Tea Party activists of racism in the form of using "coded language" to refer to "Mexican immigrants and non-white inner city, Democratic-leaning voters" as he responded to a soundbite of Boehner talking about…

Reporting that House Republicans will soon be voting to repeal President Obama's "job-killing" health care law, MSNBC anchor Contessa Brewer wondered if the GOP should take a different route to save jobs. During her Thursday 12 p.m. EST news hour, she revealed a Congressional Budget Office (CBO) report estimating that a repeal of the health care law will cost $230 billion over the next ten…

As she debated conservative rocker Ted Nugent on a special edition of CNN’s Anderson Cooper 360 on Wednesday during the 9:00 p.m. hour, liberal comedian Roseanne Barr tagged Sarah Palin a "loon" and a "traitor to this country" and, although she apologized later, called Palin’s followers the "dumbest people on Earth," and described them as being "on the government dole." Barr: "I think she's a…