Saturday, October 06, 2012

REPORTING UNEMPLOYMENT: 2004 vs. 2012

Comparing how the media reported the job figures in 2004 and how they are reporting it in 2012! Morissey compares some of the major news outlets like PBS and the New York Times. It appears that it makes a difference if you are a Democrat or Republican. It is a lengthy article, but the quotes are there.
In 2004, a jobless rate of 5.4% “cast doubt” on the economy, and suddenly 7.8% is a sign of “a steadier recovery.” In 2012, the NYT never even mentions the need to grow jobs by 150,000 each month to keep up with expansion in the labor force. Not even once.

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