Hold the Mayo

August 06, 2005

NYT Spin Job on Jobs

Here's the lead in a New York Times article on July jobs growth.

American employers added more than 200,000 jobs last month, the government reported on Friday, providing fresh evidence that workers are beginning to benefit from an economy that is growing at a steady, robust pace.

Their acknowledgment that the economy is growing at all, let alone that growth is steady and robust is probably due to this not being an election year. But at least they acknowledge it.

But did you spot the spin?

Here'e another statistic from the came story. (emphasis added)

The 207,000 jobs added in July indicated the fastest hiring pace since April. Coming on top of revisions to previous estimates of employment gains in May and June that added another 42,000 jobs, average job growth this year was bumped up to 191,000 a month, sufficient to absorb the expansion of the labor force and reduce the slack in the job market.

The simple math is that at an average of 191,000 jobs per month over the first seven months means about 1,337,000 new jobs. Yet according to the lead, workers are finally beginning to benefit.

Pathetic.

Posted by: Stephen Macklin at 02:54 AM | Comments (1) | Add Comment

1 Funny for me. being Unemployed I saw the article and listened to a similiar report on the radio.

A good friend called about the bad report on jobs where he was lead to believe how bad the market is. speaking of spin where is the reporting of Tony blair's unbelieveable speach last week. I saw the entire speach and Q and A's where he blew away any detractors. Funny what we read versus the truth

Posted by: jtf at August 08, 2005 05:27 AM (s7/kd)

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