Delusional New York Times Headline Of The Day

After a net loss of 54,000 jobs in August and an uptick to 9.6% unemployment, this is the headline in today’s New York Times:

Growth in Jobs Beats Estimates, Easing Concerns

Oh really?  Whose concerns were eased exactly?  At least the author didn’t completely skip the pesky 54,000 lost jobs as Obama did in his Rose Garden comments yesterday.  Hot Air notes Reuters also got the talking points:

However, Reuters unexpectedly finds this to be good news:

U.S. employment fell for a third straight month in August, but the decline was far less than expected and private payrolls growth surprised on the upside, easing pressure on the Federal Reserve to prop up growth.

Nonfarm payrolls fell 54,000, the Labor Department said on Friday as temporary jobs to conduct the decennial dropped by 114,000.

Private employment, considered a better gauge of labor market health, increased 67,000 after a revised 107,000 gain in July. In addition, the government revised payrolls for June and July to show 123,000 fewer jobs lost than previously reported.

So we created 40,000 fewer private sector jobs and the unemployment rate went up, and that’s a surprise on the upside? That’s mighty fine spin by Reuters … and completely expected.

Lipstick on a pig.

Advertisements

5 thoughts on “Delusional New York Times Headline Of The Day

  1. Pingback: Delusional New York Times Headline Of The Day « SPITFIRE MURPHY

  2. Ah yes…..the high unemployment rate, businesses relucatant to hire (or even stay in business) are all part of the ‘perception’ that the economy is in the crapper, depsite the successful efforts of Team 0bama and the Airborne Hopey Changey Unicorn battalion.

    Let’s not forget those eeeeevil small businesses richie rich corporate fat cats that want the eeeeevil Bush tax cuts extended.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s