Fox News Ignores Latest Jobs Report Showing Lowest Unemployment Rate In Seven Years

fox-news-obama

The Bureau of Labor Statistics released February’s jobs numbers on Friday showing that the unemployment rate ticked down to 5.5%, the lowest rate the country has seen since May 2008, months before the financial crisis that rocked the American economy and led to huge job losses. Overall, the economy added 295,000 new jobs in the month, far more than expectations from experts who estimated that the bitter cold weather in the Northeast would cause a slowdown in job creation.

February’s report marks the 12th straight month that we’ve seen 200,000 or more jobs added, the first time that has occurred since 1984. This is also the 53rd consecutive month of positive job growth and 58th straight month of private sector growth. We haven’t seen sustained total job growth like this since 1939 and the private sector has never seen growth go on this long. Since the unemployment rate hit a high of 10.0% in October 2009, less than eight months into President Obama’s tenure in the White House, it has nearly been cut in half down to its current level of 5.5%. Under any normal analysis, that would be considered a rousing success.

Of course, not everyone is ecstatic over the robust job growth and plummeting unemployment rate. Fox News, whose entire business model these days is based on Obama being an abject failure, cannot possibly let their bubble-dwelling audience know about good news that occurs under the President’s watch. On Friday morning, shortly after the BLS released the report, you would have no idea that this was a major news story if you were on Fox News’ website. While CNN and MSNBC both listed it as a top story on their sites and talked about at length on their morning shows, Fox News pushed the story to a small sidebar on its main page and barely mentioned anything about the report in the morning.

Below are screengrabs from the three websites, all taken at 9:15 ET Friday morning. First, Fox News:

fox news screengrab 0306edited

Next, MSNBC. The network listed it as their second top story Friday morning.

msnbc screengrab 0306edited

Meanwhile, CNN listed the jobs report as its top story.

cnn screengrab 0306edited

 

Fox News will likely get around to talking about the economy and the plummeting unemployment rate and sustained job growth. However, they need to get their talking points and overriding narrative in order first. Also, they want to see the response from Republican leaders in Washington, conservative websites/blogs and right-wing talk radio hosts like Rush Limbaugh. After aggregating all of those takes, they’ll let their big dogs in primetime give the official Fox News spin about how Obama’s economy is awful, he is killing the country and Obamacare is still the biggest job-killer in the nation’s history.

Or, they’ll just ignore it and pretend that nothing positive is happening in this country. Either or works fine for their audience.

52 Replies to “Fox News Ignores Latest Jobs Report Showing Lowest Unemployment Rate In Seven Years”

  1. Oh but wait:

    Force Participation Rate has declined since peaking in March 2000. In fact, the current rate is the lowest it’s been since March 1978. Simply put, this means there are fewer people looking for work these days. If the Labor Force Participation Rate was the same today as it was in March 2000, the “official” unemployment rate (U-3) would be closer to 9.0% than the 5.7% reported for January. This would also cause the more comprehensive U-6 rate to rise.

    http://www.forbes.com/sites/mikepatton/2015/02/12/the-truth-behind-the-unemployment-rate/

    Don’t say it is boomers retiring early because their participation rate has been on the rise, while 22 to 35 has been on the decline. Bad news for long term funding of the government. You can only collect taxes from the sheeple that work.

    Bob.

  2. Typical boilerplate for the Goebbels Channel. Ignore good news especially if the left is involved and go so far as to give the credit to the Reich Wing. And if that is not possible then claim the facts are just more “Liberal Bias”…Liberal Bias..otherwise known as the truth!

  3. What I find so funny about all the complaints about Fox is that they are only preaching to their choir. I do not no anybody with progressive leanings that watch any of their programming. They are not changing minds, they are just reassuring their base much as MSNBC and NYT does for theirs. Besides one could hardly consider the vast majority of their programming anything but news.

    Bob.

  4. Force Participation Rate has declined since peaking in March 2000. In fact, the current rate is the lowest it’s been since March 1978.

    Soooo… You and Forbes are admitting Ronnie Raygun, Bush the elder and the lesser, their numbers were skewed too?

    Damn, I can’t imagine why anyone would wait until now to point this trend out?

  5. UJ,
    The labor participation rate actually rose consistently until the Busch II administration. For a variety of reasons it has been in decline, even more sharply under the current administration until this past year. It shows no sign of actually going up for the past year, a very bad sign, especially if we slip into a recession. The numbers somehow do not reflect the enormous job losses in the energy/ drilling fields, so I think someone at the Bureau of Lies & Scams (BLS) is bullshitting us. You can continue to believe the lie but it will eventually collapse upon itself when it can no longer be sustained. One thing the government is especially good at generating is debt see for yourself:

    http://www.usdebtclock.org/index.html

    Bob.

  6. What I find so funny is that anyone with more than half a working brain believes Fox “News” Channel is actually a news outlet or that MSNBC (3-hour Republican Joe, Mrs. Alan Greenspan, Chris Matthews) or the NYTs (Judith Miller and now unsubstantiated stories of EmailGate??) is anywhere near liberal.

    Now that’s hilarious!

  7. ICH,
    I totally agree, I should have said, ” one could hardly consider the vast majority of their programming news.”

    Bob.

  8. If you go to any wrong wing site and read the comments, you would think the country is in a deep dark depression with everything going to hell in a hand basket. It is amazing how ignorant these people can be in the information age. A person would have to try very hard to stay that ignorant these days.

    I have had “discussions” with Republican friends of mine, people I grew up with, and I sometimes ask them: Hey, if President Obama is supposed to destroy the U.S. and lock Christians up and declare himself leader for life, why hasn’t he made any moves in that direction? Why does everything he is doing seem to work for the betterment of the country? Their answers are usually: 1) Where have you been hearing all this leftist propaganda, Obummer hasn’t done anything but trash the economy and shred the Constitution. or 2) They will say the key thing is he hasn’t done anything yet, but he has two more years so you better watch out.

    You just can reason with delusional people.

  9. I suspect McConnell will make an idiotic statement asserting the GOP are responsible. You just know it’s coming. He’ll look like a fool in the process, will make the statement none the less

  10. Well Bostonbob you’re wrong again on so many levels. And YES we on the left do watch the Goebbels Channel. Some are so brave as to watch endless hours of that bottomless pit of despair and disparagement and we salute them because it must be difficult to endure such fabricated arrogant piffle. It thankfully does not take but mere minutes to glean their exact meaning or lack thereof when it comes to most anything. They are simply a propagandist (news) outlet who’s formulation is nearly letter for letter the same as their idol Josef Goebbels. Rupert Murdoch CHOSE the Conservative (bias) because he knew that you people were/are the most gullible and least educated and very religious. All of those add up to the Fox News nation of loyal subservient morons who wouldn’t know the truth if it smacked them in the face.

  11. The US economy is the only performing economy in the world right now. Asia..including China are in the doldrums. So is Europe.

    This is a stark reminder of how far the US has come since Bush turned over the keys to the White House to a “community organizer”

    6 years ago….As Bush was preparing to leave office in early 2009….

    1. the DOW had fallen to 7,949 and
    2. the NASDAQ had plunged to 1500.
    3. The average American with a 401K lost about half of their retirement savings.

    4. Banks and financial institutions many over 100 years old that had survived the Great Depression went belly up: Bear Stearns, Countrywide, Merrill Lynch . AIG. Lehman Brothers, Washington Mutual, Wachovia, Indymac

    5. Housing prices were falling like a rock as the bubble burst.

    6.The unemployment rate was 7.8%…and heading up. In the same month that Bush left office a staggering 818,000 workers lost their
    jobs. .

  12. Hey look more good news on the labor report:

    Why No Wage Increases: More Than Half Of Jobs Added In February Were Lowest-Quality, Lowest-Paying

    http://www.zerohedge.com/news/2015-03-06/why-no-wage-increases-more-half-jobs-added-february-were-lowest-quality-lowest-payin

    and,

    Did The BLS Again Forget To Count The Tens Of Thousands Of Energy Job Losses?

    http://www.zerohedge.com/news/2015-03-06/did-bls-once-again-forget-count-tens-thousands-energy-job-losses

    We would never let the truth get in the way of a good story.

    Bob.

  13. “What I find so funny about all the complaints about Fox is that they are only preaching to their choir.”

    Actually Bob, it’s not so much preaching as much as it is propagandizing and plain lies.

  14. OThe US economy is the only performing economy in the world right now. Asia..including China are in the doldrums. So is Europe.

    This is a stark reminder of how far the US has come since Bush turned over the keys to the White House to a “community organizer”

    As Bush was preparing to leave office in early 2009….

    1. the DOW had fallen to 7,949 and
    2. the NASDAQ had plunged to 1500.
    3. The average American with a 401K lost about half of their retirement savings.

    4. Banks and financial institutions many over 100 years old that had survived the Great Depression went belly up: Bear Stearns, Countrywide, Merrill Lynch . AIG. Lehman Brothers, Washington Mutual, Wachovia, Indymac

    5. Housing prices were falling like a rock as the bubble burst.

    6.The unemployment rate was 7.8%…and heading up. In the same month that Bush left office a staggering 818,000 workers lost their
    jobs. . The number of Americans filing for first-time unemployment
    benefits rose to a 26…

  15. Joseph,
    If you want to see where Goebbels’s got his ideas from you should read Bernays. Our government as well as many of our corporations utilized his ideas to influence the masses. Bernays actually went with Wilson to the Treaty of Versailles signing, and long helped the government influence the sheeple.
    Bob.

  16. Of course they would ignore the jobs report. The “FN” channel is too busy working themselves into yet another Bengazhigasm over Hillary Clinton’s private email usage (conveniently forgetting that there’s been loads of repubs that have done the exact same thing over the years.) to be concerned about trivial stuff like “jobs” and “the economy”.

  17. I remember all too well how Pox News chose to call the Recession that Obama inherited from Bu$h as the “Obama Recession”. The self same recession that started six months before he took office.

  18. Your tea bagger affiliation is showing BB.

    “I do not no anybody with progressive leanings that watch any of their programming. ”

    It’s spelled: Know, not- no.

    And furthermore- Jon Stewart watches Pox News regularly. It gives him plenty to comment on.

  19. There are few things creepier than the VA waiting rooms.
    Rows of dazed and miserable people, being lectured by a TV screen. Very 1984.

    It is time to turn off the TVs in our public places. They prevent us from seeing each other. Their flickering images and alarmist audio tracks keep people on edge.

    Nothing spoils a great bar or restaurant more than TVs demanding attention.

    If you really, really need to see the ‘game du jour’ watch it on your phone.

    Otherwise, it just browbeats us into giving it attention.

  20. So sorry Moon I did not know the spelling police were out today.I should be more careful, since I am working an contracts and spreadsheets while commenting, the old brain is not as flexible as it once was.
    Bob.

  21. Please remember as you are lumping the NYT into your category of biased news sources that the NYT broke the Hillary email story. I have never seen Faux break anything at all negative on any of its pet personalities personalities. But then I don’t watch Fox that much, so how could I know. But I don’t care too much for Mike Huckabee, Karl Rover or Lon Chaney.

  22. The problem with you libertarian whiners is that you gleefully point out problems with a huge government of a huge country, but you never come up with solutions that aren’t brutal, or affect you as well as everyone not as fortunate as you.

    Most of us are a bit more socially and economically civilized than you are.

  23. You: “I do not no anybody with progressive leanings that watch any of their programming.”

    NewsHounds Ellen, Priscilla, and Brian over at “NewsHounds: We Watch Fox So You Don’t Have To” do exactly that, with special interest by the latter two on cultural, religious, and business issues.

  24. This site tracks the current Reagan Bush Debt.
    The Reagan-Bush Debt is how much of the national debt of the United States is attributable to the presidencies of Ronald Reagan, George H. W. Bush, George W. Bush, and
    the Republican fiscal policy of Borrow-And-Spend.

    As of Friday, March 06, 2015 at 12:59:20PM CT,
    The Current ReaganBush Debt is:
    $16,937,106,823,049.10
    which means that in a total of 20 years,
    these three presidents have led to the creation of
    93.28%
    of the entire national debt
    in only 8.3682% of the 239 years of the existence of the United States of America. http://reaganbushdebt.org/

  25. If you go to wrong wing watch, their 5 agendas are:
    Anti-Gay
    Anti-Muslim
    End Times
    Marriage Equality
    Reproductive Health

    It’s all propaganda against anyone who isn’t a straight white christian male

  26. The government isn’t responsible for setting wages and salaries except the minimum wage.
    Corporations ARE responsible for setting the wages and salaries.

  27. So you support Obama on living wage? Good luck trying to convince Republicans on this.

    I work for a multi-billion corporation in the transportation and delivery service. We have not been this busy like this in a very long time. This should be the slow period of the year, we are now running at summer peak capacity. We are a good indicator how well the economy is doing. Smile, it’s just going to get better.

  28. Faux Nooze ignores anything good from this administration. Just like they ignored anything bad from the previous one.

  29. Funny…the guy ZeroHedge.com quotes in one of their doomsday articles, Michael Feroli, chief U.S. economist at J.P. Morgan Chase & Co. in New York, said this January 9th: “We have continued, solid job growth who projected a 240,000 gain. “It shows really solid momentum in U.S. growth. There are not a lot of places in the world where we see that these days.”

    Gee whiz, all those low-quality low-paying jobs wouldn’t be in retail, would they? Like WalMart (who incidentally promised to raise wages next year because, as the economy improves, it’s getting harder and harder to retain workers)?

    As for “tens of thousands of energy job losses”, that’s cyclical, you know. The minute oil prices go back up, all those evil capitalist Big Oil refineries and drill rig operators will call back all those guys on gummint unemployment.

    You know, all that negativity will eventually kill you? Try being a little more optimistic, it’ll do wonders for your body and soul.

  30. DJ,
    Just the facts:

    http://globaleconomicanalysis.blogspot.com/2015/03/trends-in-employment-what-age-groups.html

    “The only reason the overall rate fell was a plunge in labor force of 178,000. Household survey employment only rose by 96,000 vs. the establishment survey gain of an alleged +295,000.”

    And:

    “Of the 96,000 gain in employment this month, 189,000 of it came in the age group 16-24 even though that population group dropped by 26,000!

    Please stop and think about that for a second.

    Yes, retirement affected the overall results, but even so, age group 35-44 lost 86,000 jobs. Overall it seems reasonably safe to assume more high-paying jobs were lost this month than gained.

    Still think this was a good jobs report?”

    I’m just glad my kids are studying hard sciences.

    Bob.

  31. You are correct Andy and if the government would enforce the law and not let cheap labor flood the market and make the penalty for hiring cheap illegal labor extremely high there would be more competition for this labor thus driving up wages, but the government does not want this. I have seen it up close the last 30 years in the construction industry, where a young man could work hard and make enough money to own a decent pick, tools and raise a family, even often buy a house. This is becoming more and more the exception. With school indoctrination creating a feeder system for the debt slave making colleges most kids don’t even consider this type of work, they are taught it is beneath them. Their opportunities in these field have been replaced buy less expensive foreign labor. I have no ax to grind with people coming from other countries working and improving themselves. The problem is much of this has come at the expense of the people who already live here.

    Bob.

  32. Mish Shedlock:

    Mike Shedlock / Mish is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction.

    Mish Citations

    New York Times: http://globaleconomicanalysis.blogspot.com/2010/12/new-york-times-10th-annual-year-in.html

    Time Magazine: http://globaleconomicanalysis.blogspot.com/2009/01/time-magazine-best-25-financial-blogs.html

    Bloomberg: http://www.businessweek.com/investor/content/apr2008/pi2008045_506665_page_2.htm

    CNBC: http://globaleconomicanalysis.blogspot.com/2012/01/best-alternative-financial-websites.html

    Strategist News: http://globaleconomicanalysis.blogspot.com/2012/01/best-alternative-financial-websites.html

    Actually I consider Mish to be one of the more optimistic level headed financial bloggers and I have no idea of his relation with Arthur Laffer, though many of these guys do events together so th…

  33. There is a great deal more to Laffer than just the Laffer curve so heavily leaned upon by fiscal”conservatives” as Cheney and Rumsfeld did so early on. He even admits he did not invent it:

    “Although he does not claim to have invented the Laffer curve concept (Laffer, 2004), it was popularized with policy-makers following an afternoon meeting with Nixon/Ford Administration officials Dick Cheney and Donald Rumsfeld in 1974 in which he reportedly sketched the curve on a napkin to illustrate his argument.[12] The term “Laffer curve” was coined by Jude Wanniski, who was also present. The basic concept was not new; Laffer himself says he learned it from Ibn Khaldun and John Maynard Keynes”

    Many economic concepts have been postulated over the years only to be revised as new elements came to pass. How would anyone relating a concept in the 1970s have ever expected the federal government to have a deficit approaching $20 trillion some 40 years later. He certainly is much brighter th…

  34. Many variables go into how the Laffer curve, I am sure any politician will use it and twist it to fit whatever argument they are trying to make.

    “The Laffer Curve itself does not say whether a tax cut will raise or lower revenues. Revenue responses to a tax rate change will depend upon the tax system in place, the time period being considered, the ease of movement into underground activities, the level of tax rates already in place, the prevalence of legal and accounting-driven tax loopholes, and the proclivities of the productive factors. If the existing tax rate is too high–in the “prohibitive range” shown above–then a tax-rate cut would result in increased tax revenues. The economic effect of the tax cut would outweigh the arithmetic effect of the tax cut.”

    Bob.

  35. Ah, I would think for the past 30 or so years of data proves its full of shit but what do I know maybe we should give it another Freidman unit

  36. I would think you love Friedman because he was the one who helped bring about tax withholding under Roosevelt. As for data and the Laffer curve, I am neither defending nor denying its efficacy. In its original form the tax regulations were much simpler and not nearly as multi-layered. Now the effects of tax policy are much harder to track as one may see a federal tax decline while simultaneously have taxes on a local level increase thus skewing the very behavior you are trying to measure and or encourage. As I said before there is much more to Laffer than just the curve as there is much more to Friedman than just withholding. It is too bad so many in the voting public have such little knowledge of the intricacies of economics, it’s actually a very interesting subject.

    Bob.

  37. If they are so proud of the number of jobs added, then why do they not publish the kinds of jobs, the pay of those jobs with the job numbers? They must have that also. Are they all fast-food and store employment? Are they all full-time jobs, or, demoted to part-time so benefits are not being paid. I mean, one job could be cut to 20 hours and made into two jobs and cut benefits would be gravy to the employer. We are being fed numbers without any substance.

  38. You could take the Grand Canyon, fill it to the top with bullsh*t, and you would have to empty it and refill [Snipped][Same old copypasta as last night]

  39. The BLS accounted for the energy sector as mining shed 9’000 jobs for one, and for two the only reason the UR dropped is because the economy added 295’000 jobs.

    January had a rise in the LFPR and a strong wage rise mm, the two never rise in perpetuity. You conservatives are really having to dig deep to piss on the solid labor market and I cannot wait to hear your responses for March when yet again the Obama labor market will keep on rocking.

  40. What’s not mentioned is first time jobless claims rose by 300,000. Everyone is ecstatic about these numbers, why? You do realize that the employment numbers must be higher than the expansion of the population, and the amount of people leaving the workforce from retirement, disability, or just going unemployed…. right? Yes, everyone is having an Obamagasm over these numbers…but if they’re so good, then why do we have unskilled fast food workers marching for $15 an hour, when skilled factory workers are making $13?

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