See the previoius blog article, posted last night. As this blog informed you, again in foresight rather than hindsight, there was no wa for today's monthly jobs reeport to be good---unless the numbers were inconsistent with the weekly unemployment calims numbers. were truly bad, and the headlines still LIED. The economy "created" 18,000 net jobs last month? No, it did not, or at least we have no way of knowing that. This is the correct headline: "No Job Growth in Tw Months'. The report for May was REVISED downward, to a "growth" of only 25,000 net jobs. However, that is well within the MARGIN OF ERROR.. It is absurd to treat that as a definitive, "hard" number. Now look at this month. If the REVISION next month is the same as this month--a revision downward of 29,000 or so--then we LOST jobs in June. In reality, these numbers are written in sand, and it is INCOMPETENT to talk abut a number as low as 25,000 or 18,000 as being job "grwoth" (or job "loss", if the number were on the negative side). Those numbrs, being far within the margin of error of the monthly figures, represent NO CHANGE. All that can really be said is that the numbers who the job situation to be completely stalled--with no improvement at all In fact, since the unemployment rate DROPPED from 9.5% to 9.4% in about July of 2009, the unemployment RATE has NOT IMPROVED in any statistically significant way.
What does all of this have to do with CNN, The Liar Network? Well, CNN presented the headline lies referenced in the prir paragraph. But so did the entire media, which inisists on treating these very fluid, subjective numbers as solid numbers. CNN, however, as befits The Liar Network, went above and beyond to LIE. Yes, Kyra Phillips--unwilling to accept the bad news if there is any way to maintain the Obama/CNN narrative that we are "headed in the right direction"--asked aanother woman reporter to tell us any GOOD news in this report. The reporter had trouble finding any, but The Liar Network is never totaly at a loss for a lie. So we got this whopper: "At least this June is better than June of 2010--last year--when we LOST 192,000 jobs."
Have any of you ever doubted me when I have labeled CNN as The Liar Network? If so, you no longer can, without admittng you are a partisan hack with no capacity for truth in you. Anyone who will say what CNN said about job losses lat June will say ANYTHING. No lie is too obvious, or too partisan, for the propagandiss of CNN.
What happened last June? Come on. CNN is depending o you not remembering this one. But I think better of you than that. All right, I will help you Last June, the CNN storyline/narrative--the Obama narrative (with considerable truth, although that had not stopped Obama from taking CREDIT for previous Cnesus inflated jobs numbers--was that the reversal of Census hiring explained the loss of jobs. In other words, last June's number was NOT REAL (as we were told at the time). Census hiring by the Federal Government---a temporary, once-in-ten-yeas event--had INFLATED the jobs numbers in the late winter and spring of 2010, and then had DEFLATED the jobs numbers in the summer of 2010 as the Federal Government ended the temporary jobs of Census workers. To talk abut last June as being wrose than this Ju ne is a CNN N LIE.--an outrageous lie by people who will say anything to support the Obama narrative.
Now if you remember last summer, and put aside the CNN lie, you do find that we did have BAD news on jobs last summmer. This blog has informed you that you should suspect a change in the seasonal pattern. That MAY explain why things keep looking a LITTLE better in the fall and winter, and then worse again as we head into summer (while the unemployment rate stays pretty much the same). You do have to look at these things over time, but that is not what CNN does. CNN simply puts out transparent LIES. Over time, of course, we have had 29 consecutive months of an unemployment rate over 8%--alost all of those months at 9% and above. That is tghe worst performance since the Great Depression, and it has ALL taken palce under Obama.
P.S. No proofreading or spell checking (bad eyesight).