-By Warner Todd Huston
Just before Election Day, the Washington Post is super excited about all that “job growth” for October. Yet the paper goes on to note that the “unemployment rate is flat.” So, which is it, Washington Post? Are we to be jubilant that there was job growth in October, or is the unemployment rate flat?
Regardless, the Post tries to have it both ways as it gives Obama cover even as it ultimately notes that there really wasn’t much improvement in jobless figures for October. In fact, the Post almost admits that its report is intended to help Obama right in its first paragraph.
The U.S. jobs market in October sustained its slow trudge toward better times, the government reported on Friday, in the last major report card on the economy before the presidential election.
Ah, that “slow trudge toward better times.” But is it? Despite all the happy talk sprinkled through the article, the Post is forced to note that much of this “good news” is closer to treading water as opposed to any “slow trudge toward better times.”
For instance, the Post notes that the unemployment figures remained “essentially unchanged” and didn’t really get much better because more people are now putting themselves back in the job market. So, new jobs didn’t really keep pace with the number of job seekers.
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Washington Post Jubilant at ‘Oct. Job Growth’ Then Says ‘Unemployment Rate Flat’”
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