jobs report http://www.mrc.org/taxonomy/term/20780/all en CNBC, Bloomberg Businessweek, WaPo Claim Too Many Jobs is Bad for Economy http://www.mrc.org/articles/cnbc-bloomberg-businessweek-wapo-claim-too-many-jobs-bad-economy <div class="field field-type-text field-field-subtitle"> <div class="field-items"> <div class="field-item odd"> Media report a problem that doesn’t exist according to Heritage Foundation economist. </div> </div> </div> <div class="field field-type-nodereference field-field-source"> <div class="field-items"> <div class="field-item odd"> <div class="field-label-inline-first"> By</div> <a href="/author/mike-ciandella">Mike Ciandella</a> </div> </div> </div> <p class="normal"><img style="float: right; border: 1px solid black; margin-top: 1px; margin-bottom: 1px; margin-left: 3px; margin-right: 3px;" src="/sites/default/files/uploads/Goldilocks%20Effect.JPG" width="250" height="175" />There were 192,000 jobs created in March, according to&nbsp;the Bureau of Labor Statistics (BLS) report released April 4. Some media outlets presented the idea that it was good the numbers weren’t lower than they were. But others including Bloomberg Businessweek latched on to the idea that many more jobs would have been bad for the economy.</p><div class='signature'><p>— Mike Ciandella is MRC Business Senior Analyst at the Media Research Center. <a href="http://www.twitter.com/@mikeciandella" target="_blank">Follow Mike Ciandella on Twitter.</a></p></div><p><a href="http://www.mrc.org/articles/cnbc-bloomberg-businessweek-wapo-claim-too-many-jobs-bad-economy" target="_blank">read more</a></p> Articles MRC Business jobs report Tue, 08 Apr 2014 14:54:29 +0000 mike.ciandella 45951 at http://www.mrc.org Mark Zandi and Others Wrong on Jobs Data http://www.mrc.org/articles/mark-zandi-and-others-wrong-jobs-data <div class="field field-type-text field-field-subtitle"> <div class="field-items"> <div class="field-item odd"> Zandi was ‘very sure’ weak December numbers would be revised significantly, but latest report only adds 1,000 jobs. </div> </div> </div> <div class="field field-type-nodereference field-field-source"> <div class="field-items"> <div class="field-item odd"> <div class="field-label-inline-first"> By</div> <a href="/author/sean-long">Sean Long</a> </div> </div> </div> <p class="normal">For the second month in a row, the jobs report was a major disappointment. The January jobs report, <a href="http://www.bls.gov/news.release/empsit.nr0.htm">released Feb. 7 by the Bureau of Labor Statistics (BLS),</a> showed only 113,000 jobs added, falling far short of the more than 180,000 expected. The unemployment rate dropped to 6.6 percent.</p> <p class="normal">The miniscule revision of 1,000 jobs to the December report compounded the shock. Many had dismissed the December report of 74,000 jobs added claiming it would be revised upwards with this report.</p><div class='signature'><p>— Sean Long is Staff Writer at the Media Research Center. <a href="http://www.twitter.com/@SeanLong717" target="_blank">Follow Sean Long on Twitter.</a></p></div><p><a href="http://www.mrc.org/articles/mark-zandi-and-others-wrong-jobs-data" target="_blank">read more</a></p> Articles MRC Business jobs report Mark Zandi Fri, 07 Feb 2014 20:32:06 +0000 mike.ciandella 45504 at http://www.mrc.org NBC, CBS Blame Weak Jobs Report on Weather, Economists Disagree http://www.mrc.org/articles/nbc-cbs-blame-weak-jobs-report-weather-economists-disagree <div class="field field-type-text field-field-subtitle"> <div class="field-items"> <div class="field-item odd"> Networks and other media give same excuse as Labor Secretary, but right and left wing experts dispute weather claim. </div> </div> </div> <div class="field field-type-nodereference field-field-source"> <div class="field-items"> <div class="field-item odd"> <div class="field-label-inline-first"> By</div> <a href="/author/sean-long">Sean Long</a> </div> </div> </div> <p dir="ltr">Many people had high hopes for the December jobs report with economists’ forecasting job gains of around 200,000. The report, which was released Jan. 10, showed only 74,000 jobs added in December.</p><p dir="ltr">That was bad news, especially after 241,000 jobs were added in November. At the same time, the Bureau of Labor Statistics reported that the unemployment rate fell from 7 percent, to 6.7 percent, primarily because of workforce dropouts. &nbsp;</p><div class='signature'><p>— Sean Long is Staff Writer at the Media Research Center. <a href="http://www.twitter.com/@SeanLong717" target="_blank">Follow Sean Long on Twitter.</a></p></div><p><a href="http://www.mrc.org/articles/nbc-cbs-blame-weak-jobs-report-weather-economists-disagree" target="_blank">read more</a></p> Articles MRC Business Economy Government Media dean baker economists james sherk job gains jobs jobs report labor issues Labor Secretary nonfarm payroll jobs unemployment unemployment rate Weather WorkForce workforce participation Tue, 14 Jan 2014 17:54:41 +0000 julia.seymour 45292 at http://www.mrc.org 174,000 Part-time Jobs Added in July, BLS Says http://www.mrc.org/articles/174000-part-time-jobs-added-july-bls-says <div class="field field-type-text field-field-subtitle"> <div class="field-items"> <div class="field-item odd"> Trend toward part-time labor continues, worrying some experts. </div> </div> </div> <div class="field field-type-nodereference field-field-source"> <div class="field-items"> <div class="field-item odd"> <div class="field-label-inline-first"> By</div> <a href="/author/julia-seymour">Julia A. Seymour</a> </div> </div> </div> <p dir="ltr">The July jobs report was released on Aug. 2, 2013, showing fewer jobs created than had been expected. The unemployment rate fell to 7.4 percent, but only 162,000 jobs were added and May and June were revised down by a total of 26,000 jobs.</p><p dir="ltr">Alan Krueger, in his final day as chairman of the White House council of economic advisers, called it a “solid” report, but some economists interviewed on CNBC were concerned by the data – including the trend toward more part-time hiring.</p><p><a href="http://www.mrc.org/articles/174000-part-time-jobs-added-july-bls-says" target="_blank">read more</a></p> Articles MRC Business Business Economy Government Health alan krueger CNBC economic trend Employment health insurance mandate jobs jobs report obamacare obamacare mandate part-time hiring unemployment Fri, 02 Aug 2013 15:54:33 +0000 julia.seymour 44177 at http://www.mrc.org CBS, NBC Mention Job Revisions, Ignored Bigger Gains During Bush Years http://www.mrc.org/articles/cbs-nbc-mention-job-revisions-ignored-bigger-gains-during-bush-years <div class="field field-type-text field-field-subtitle"> <div class="field-items"> <div class="field-item odd"> Networks skipped 810,000 additional jobs in 2006, report 422,000 in 2012. </div> </div> </div> <div class="field field-type-nodereference field-field-source"> <div class="field-items"> <div class="field-item odd"> <div class="field-label-inline-first"> By</div> <a href="/author/mike-ciandella">Mike Ciandella</a> </div> </div> </div> <p>Two of the broadcast networks conveniently noted upward revisions to past months job gains on Feb. 1st, as the January jobs report was released. ABC didn’t mention that day’s jobs report at all that night.<br /><br />The evening news shows on NBC and CBS reported the 157,000 job increase as well as the uptick in unemployment to 7.9 percent. But both the “Evening News” and “Nightly News” also mentioned the positive revisions to past months, something the same networks ignored during the Bush years.<br /></p><p><a href="http://www.mrc.org/articles/cbs-nbc-mention-job-revisions-ignored-bigger-gains-during-bush-years" target="_blank">read more</a></p> Articles MRC Business Economy Government Labor Media abc Anthony Mason Barack Obama cbs Double Standard Employment George W. Bush jobs jobs report NBC networks revisions Scott Pelley stock market Tue, 05 Feb 2013 16:49:13 +0000 julia.seymour 42509 at http://www.mrc.org Math Is Hard: People Flee Workforce, But ‘Morning Joe’ Sees ‘Good News’ http://www.mrc.org/articles/math-hard-people-flee-workforce-morning-joe-sees-good-news <div class="field field-type-text field-field-subtitle"> <div class="field-items"> <div class="field-item odd"> Crowd in background of MSNBC morning show cheers loudly for 96,000 jobs, lowest labor force participation since Sept. 1981. </div> </div> </div> <div class="field field-type-nodereference field-field-source"> <div class="field-items"> <div class="field-item odd"> <div class="field-label-inline-first"> By</div> <a href="/author/julia-seymour">Julia A. Seymour</a> </div> </div> </div> <p>MSNBC broadcasts often have a “Twilight Zone” feel to them, but seldom more so than the Sept.</p><p><a href="http://www.mrc.org/articles/math-hard-people-flee-workforce-morning-joe-sees-good-news" target="_blank">read more</a></p> Articles MRC Business Economy Labor Media 8.1 percent 96000 BLS economy jobs jobs report Joe Scarborough labor force participation Mika Brzezinski Morning Joe MSNBC unemployment unemployment rate Fri, 07 Sep 2012 15:20:14 +0000 julia.seymour 41164 at http://www.mrc.org Former OMB Director: ‘There’s No Recovery’ http://www.mrc.org/articles/former-omb-director-theres-no-recovery <div class="field field-type-text field-field-subtitle"> <div class="field-items"> <div class="field-item odd"> As jobs report shows only 80,000 jobs added, James Nussle contradicts Obama message. </div> </div> </div> <div class="field field-type-nodereference field-field-source"> <div class="field-items"> <div class="field-item odd"> <div class="field-label-inline-first"> By</div> <a href="/author/julia-seymour">Julia A. Seymour</a> </div> </div> </div> <p>The June jobs report was “very disappointing” for the Obama administration and to people looking for work, according to CNBC’s John Harwood. The 80,000 job gains was 20,000 short of expectations, and the unemployment rate was unchanged.<br /></p><p><a href="http://www.mrc.org/articles/former-omb-director-theres-no-recovery" target="_blank">read more</a></p> Articles MRC Business Economy Government 000 jobs 8.2 percent 80 economic recovery economy james nussle jobs report obama OMB Recovery unemployment Fri, 06 Jul 2012 15:28:25 +0000 julia.seymour 40574 at http://www.mrc.org Unemployment Rate Drops Because 522,000 Give Up Jobs Search http://www.mrc.org/articles/unemployment-rate-drops-because-522000-give-jobs-search <div class="field field-type-text field-field-subtitle"> <div class="field-items"> <div class="field-item odd"> April adds only 115,000 jobs, while millions make up ranks of ‘invisible unemployed.’ </div> </div> </div> <div class="field field-type-nodereference field-field-source"> <div class="field-items"> <div class="field-item odd"> <div class="field-label-inline-first"> By</div> <a href="/author/julia-seymour">Julia A. Seymour</a> </div> </div> </div> <p>About 45,000 fewer jobs were added in April than economists <a href="http://www.rttnews.com/1877100/u-s-economy-adds-115000-jobs-in-april-fewer-than-expected.aspx?type=alleco&amp;utm_source=google&amp;utm_campaign=sitemap">expected</a>, and the unemployment rate dropped to 8.1 percent due to more than a half million people giving up the job search. CNN Money reacted with the headline “hiring fizzles.”<img height="180" width="250" src="/sites/default/files/uploads/CNN%20May%204%20-%20Jobs.jpg" style="float: right; border: 3px solid black;" /><br /></p><p><a href="http://www.mrc.org/articles/unemployment-rate-drops-because-522000-give-jobs-search" target="_blank">read more</a></p> Articles MRC Business Economy Government Life CNBC CNN cnnmoney james pethokoukis job search jobs jobs report labor force labor force participation Martin Bashir MSNBC obama peter morici unemployment william cohan Fri, 04 May 2012 14:06:44 +0000 julia.seymour 39990 at http://www.mrc.org Spin Cycle: MSNBC Excuses Bad March Jobs Report http://www.mrc.org/articles/spin-cycle-msnbc-excuses-bad-march-jobs-report <div class="field field-type-text field-field-subtitle"> <div class="field-items"> <div class="field-item odd"> Anchors and guests cover for Obama’s dismal data. </div> </div> </div> <div class="field field-type-nodereference field-field-source"> <div class="field-items"> <div class="field-item odd"> <div class="field-label-inline-first"> By</div> <a href="/author/julia-seymour">Julia A. Seymour</a> </div> </div> </div> <p>The March jobs report which showed only 120,000 jobs gained, when roughly 200,000 were expected, was a <a href="http://www.foxbusiness.com/personal-finance/2012/04/09/is-disappointing-jobs-report-cause-for-concern/">disappointment</a> and some reason for concern about the recovery, according to <a href="http://www.washingtonpost.com/business/economy/us-hiring-slowed-sharply-inmarch-unemployment-fell-to-82-percent/2012/04/06/gIQAroNXzS_story.html">The Washington Post</a>.<br /></p><p><a href="http://www.mrc.org/articles/spin-cycle-msnbc-excuses-bad-march-jobs-report" target="_blank">read more</a></p> Articles MRC Business Economy Government Media Alex Witt BLS Chuck Todd Employment expectations jobs jobs report march jobs report Martin Bashir MSNBC NBC Thomas Roberts unemployment william cohan Wed, 11 Apr 2012 15:37:37 +0000 julia.seymour 39803 at http://www.mrc.org March Hiring Far Below Expectations, Adds Only 120,000 Jobs http://www.mrc.org/articles/march-hiring-far-below-expectations-adds-only-120000-jobs <div class="field field-type-text field-field-subtitle"> <div class="field-items"> <div class="field-item odd"> Every one of CNBC predictions far higher than disappointing result. </div> </div> </div> <div class="field field-type-nodereference field-field-source"> <div class="field-items"> <div class="field-item odd"> <div class="field-label-inline-first"> By</div> <a href="/author/julia-seymour">Julia A. Seymour</a> </div> </div> </div> <p>Each month before the jobs report is released by the Bureau of Labor Statistics, the hosts and guests of CNBC make predictions about the payroll employment number and unemployment rate.<br /></p><p><a href="http://www.mrc.org/articles/march-hiring-far-below-expectations-adds-only-120000-jobs" target="_blank">read more</a></p> Articles MRC Business Economy Media AP Austan Goolsbee BLS CNBC Employment jobs report labor force obama Paul Wiseman payrolls Recovery Slowdown Steve liesman unemployment Fri, 06 Apr 2012 15:20:41 +0000 julia.seymour 39769 at http://www.mrc.org