New jobless claims drop unexpectedly to 530,000 [9/24/2009]When the news could possibly be spun as good, the word "unexpectedly" always appears as if to say "all is well! In fact, better than we thought!" But today's news could have no silver lining. 263,000 more jobs have been lost in August. That's more than either of the prior 2 months. Jobs losses have thus accelerated, not decelerated. No way the AP could possibly sugarcoat it this time. Here is what has been happening with jobs this year:
New jobless claims drop unexpectedly to 545K [9/17/2009]
Construction spending rises unexpectedly [8/3/2009]
New jobless claims unexpectedly plunge to 601,000 [5/7/2009]
Remember that the stimulus package was supposed to stop the unemployment rate at 8%! A crisis could become a calamity? Remember that? Here's how that looks (via Moe Lane):January US jobs lost: 598,000 jobs
February US jobs lost: 706,000 jobs
March US jobs lost: 742,000 jobs
April US jobs lost: 545,000 jobs
May US jobs lost: 345,000 jobs
June US jobs lost: 467,000 jobs
July US jobs lost: 247,000 jobs
August US jobs lost: 216,000 jobs
September US jobs lost: 263,000 jobsTotal US jobs lost under Obama: 4,129,000 jobs
Note that the blue lines are the numbers that Obama's team came up with. So the actual unemployment rate is not only worse that what would happen with porkulus, but even worse than was predicted without it. From the AP via The Detroit News: Jobless rate reaches 9.8 percent in September.The unemployment rate rose to 9.8 percent in September as employers cut far more jobs than expected, evidence that the longest recession since the 1930s is still inflicting widespread pain.Ugh. The AP does this every time. The recession didn't begin in December 2007. It began Q3 2008, coincidentally after Obama was named the Democrat party nominee for POTUS. I wrote an entire post on this one aspect of AP liberal bias: AP used two different definitions for recession - one for Bush, one for Obama - in the same article! Generally, most journalists, economists and pundits have been consistent in reporting the recession as being what happens when the GDP is negative 2 consecutive quarters. The AP apparently holds this definition for Obama, but not for Bush. This is by design as the very definition lets Bush off the hook, which is bad for the MSM, to some extent and puts Obama on it, which is even worse. Here are the actual GDP numbers:The Labor Department said Friday that the economy lost a net total of 263,000 jobs last month, up from a downwardly revised 201,000 in August. That's above Wall Street economists' expectations of 180,000 job losses, according to a survey by Thomson Reuters.
The unemployment rate rose from 9.7 percent in August, matching expectations.
If laid-off workers who have settled for part-time work or have given up looking for new jobs are included, the unemployment rate rose to 17 percent, the highest on records dating from 1994.
More than a half-million unemployed people gave up looking for work last month. Had they continued searching, the official jobless rate would have been higher.
All told, 15.1 million Americans are now out of work, the department said. And more than 7.1 million jobs have been eliminated since the recession began in December 2007.
Many analysts expect the economy grew at a healthy clip in the July-September quarter, technically ending the recession, but few think the recovery will be strong enough to lower the jobless rate. Most economists expect the rate to top 10 percent and keep climbing.
Note that the above current AP release says that the recession began in December, which is false going by GDP numbers, but then IN THE VERY NEXT SENTENCE "Many analysts expect the economy grew at a healthy clip in the July-September quarter, technically ending the recession, ..." Thus they are using the GDP numbers. They simply can't not use the GDP number for when the recession started, but use the GDP number for when it ends. Do they think all of us are just sheeple and won't notice?Previously:
New Jobless Last Week At 530,000. AP Calls It Good News Because They Expected Higher! A Weekly Pattern Is Developing Here With "Unexpected" At Center
New Jobless Last Week At 545,000. AP Calls It Good News Because They Expected Higher!
How To Sugarcoat Obama's Rising Unemployment Rate, Now At 9.7%? AP Shows Us How!
USA Today: You know what's wrong with the economy? Those darned consumers are being fiscally responsible!
A contrast in liberal media bias: How the Washington Post reported the economy under Bush and now under Obama
AP sugarcoats unemployment number - went down because many just stopped looking for work!
Hope and change - Obama's poll numbers sinking fast. What to do? Why bash Bush of course!
Obama: Stimulus Is Working Or Something
How does the MSM sugar-coat 565,000 new jobless claims? This is how:
AP strategy to give Obama cover as 467,000 more jobs cut in June, unemployment now at 9.5% - BLAME BUSH!
U.S. jobless rate jumps to 9.4 percent; stimulus a proven failure; MSM whitewashing




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