The May 2006 payrolls added 75,000 to the workforce.
95.4% of Americans are working.
The unemployed rate is at an anemic 4.6%.
Is that good news?
You wouldn’t think so by reading the headlines:
May job growth much weaker than expected :Reuters
Jobs gains weaker than expected :CNN
May job growth anemic, but jobless rate falls :MarketWatch
Job growth weak in May, but jobless rate slips :MSN Money
Payroll Growth Stalls With 75,000 New Jobs ABC News
Dollar undone by unexpectedly weak jobs creation :MarketWatch
Unemploykment Dips, But Hiring Slows: CBS News
Bloomberg doesn’t parse words: US May Payrolls Rise 75,000; Unemployment Rate at 4.6%
The MSM just doesn’t like good news. Especially if it benefits the Republicans and the Administration.
Linked to: Michelle Malkin
Sphere: Related ContentTags: Democrats War On The Economy, Economy
Stumble It!
June 3rd, 2006 at 2:15 pm
Long term indicators are what drives the markets and though we all want a great economic future things in the off years look less rosy each month that passes. Oil prices are but one source of woe. The press is too report the news and not be a PR machine for Bush. If you look at each of the stories you will see many voices (many that are conservative) who feel nervous, and for good reason. Should the press just hide those views?