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May 06, 2005

274,000 Jobs Created in April; Previous Months' Growth Upped by 93,000

I used to cover this religiously, but lately I just seem to be on a Pat O'Brien/Rosie O'Donnell Jag.

Charles chides me for my loose shit and sends this article about the Bush jobs boom, currently the best-kept secret in the media (now that the previous best-kept secrets --Corey Clark dorking Paula Abdul; something... bad going on with Katie Holmes' lips -- have been exposed).

The latest employment report marks 24 straight months of positive job creation in the U.S. economy – more than 3 million jobs’ worth of good news. Yet, during that period network news has found plenty of negatives and has downplayed net employment gains on President Bush’s watch, even comparing job growth to the Great Depression.

According to the Bureau of Labor Statistics May 6, 2005, report, about 3.3 million jobs have been created in the past two years. The latest numbers showed 274,000 new jobs were created in April and the report also added 93,000 jobs to previous totals. Unemployment also held steady at the low figure of 5.2 percent. But the media have dismissed and ignored job growth and even found ways to portray it as a sign of a “bad” economy.

Coming up on the presidential election, Dan Rather jumped the gun with a highly inaccurate prediction. On Oct. 8, 2004, the September jobs numbers showed positive growth, and Bush’s first term had more than three months left. Despite those facts, Rather declared on the “CBS Evening News,” “It’s the first net job loss on a president’s watch since Herbert Hoover during the Great Depression of the 1930s.” He neglected to mention the devastating economic effects of the 9/11 attacks, which reporters seldom acknowledge. Of course, Rather’s prediction also was wrong, as Bush ended his term with a net job gain – which Rather mentioned in a 77-word report on the Feb. 4, 2005, broadcast.

And of course Dan Rather isn't alone. Sadly enough, even Maria "The Money Honey" Bartiromo grieves over merely producing 3.3 million jobs in 2 years.

Haven't seen this guy in a while...

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posted by Ace at 03:31 PM

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