May 7, 2010

NYT: In Triumph for Obama, Unemployment Rate Rises!

Hatched by Dafydd

I just couldn't resist this quick hit:

Economy Gains Impetus as U.S. Employers Add 290,000 Jobs

The American economy continued to add jobs in April in a further sign that an economic recovery was on track.

Payrolls surged with an unexpectedly strong 290,000 jobs last month, the Labor Department reported on Friday, while the unemployment rate rose to 9.9 percent. “This is unambiguously a strong report for growth implications,” James O’Sullivan, chief economist at MF Global, said. “It adds to the evidence that the pickup in growth is leading to a clear-cut pickup in employment. It is very clear there has been a bounce here, and momentum has been up.”

Let's perform a little Gedankenexperiment with this piece: Suppose the same financial report were issued, but assume the president is George W. Bush.



How would the Times have written this story?

Hatched by Dafydd on this day, May 7, 2010, at the time of 12:40 PM

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The following hissed in response by: Fritz

Not sure that you really expect an answer, but on the off chance that you do the story would go something like this. "While government figures show that there were 290,000 jobs added last month, 120,000 of those jobs are temporary census jobs meaning that the economy only created 170,000 actual jobs, and with that rate of growth it will take almost four years just to replace the jobs lost and even then unemployment will remain high because of the additional people added to the work force due to a growing population." I think that is about how the New York Times would cover it if Bush were still president.

The above hissed in response by: Fritz [TypeKey Profile Page] at May 8, 2010 5:46 PM

The following hissed in response by: DK

There are something like 15-16 Thousand job markets contained within the Census Abstract; so this works out to about 18 jobs per market nation-wide.
Way to go Barackey!

The above hissed in response by: DK [TypeKey Profile Page] at May 9, 2010 6:12 PM

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