Bias: Initial Jobless Claims Rise to 409K, establishment MSM rushes to Obama's aid: "Bad news:
And from the AP: More people applied for unemployment aid last week
More people applied last week for unemployment benefits, one week after applications fell to the lowest level in more than two years. Applications rose by 18,000 to a seasonally adjusted 409,000 in the week ending Jan. 1, the Labor Department said today.
Those are the facts. But despite that, the MSM is painting a rosey picture of the numbers. Via Instapundit:
JOBLESS CLAIMS UP, but don’t worry, it’s good news: “New claims for jobless benefits moved higher last week, but a decline in the four-week average to a nearly 2-1/2 year low indicated a trend toward better labor market conditions remained intact.” I don’t remember them looking that hard for silver linings when Bush was President . . . . Of course, with unemployment half what it is today, they didn’t have to.Indeed the AP reached for its own silver lining:
UPDATE: Reader Kenny Alwes writes:When Bush was president, we would get headlines announcing that the “Economy Only Creates 139,000 New Jobs” with a subhead wondering if that meant we were in a recession. Now losing a quarter of million jobs is presented as the herald of a new golden age.Ya think? And reader Edward Craig emails: “They said on CNBC this morning that jobless claims will be probably be revised upward because states laid off so many workers they lack the staff to process them fast enough.”...
Sometimes I think our media is more interested in spin than in facts.
Fewer than 425,000 people seeking unemployment benefits signals modest job growth.Again, no such desperate reaching for silver linings during Bush's two terms."
...Other recent data has signaled that economic growth is accelerating, and that hiring may follow suit.
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