Wednesday, April 5, 2017

Jobs: Boom! The Political Page, T+74 -- April 5, 2017

Bias: I did not know this until today, but it explains a lot. Jeff Bezos is part owner of Business Insider

Jobs: boom. T+74 days.

Expectations: 185,000

Actual: 263,000

Only off by: 42%

February revised: down 53,000 to 245,000.

Reporting:
  • The Drudge Report: huge banner with unemployment number
  • Yahoo!Finance: not up at first; haven't checked again; I assume it's up by now [I was wrong; incredibly, at 8:59 a.m. Central Time -- 90 minutes after story broke -- Yahoo!Finance  has not posted the story
  • Google Finance: small story buried several stories downs
  • LA Times: just checked on-line front page -- overloaded with anti-Trump stories; not one headline story on the jobs number
  • Fox News: not one of the top banner stories (which really surprised me; Fox must really be fair and balanced -- LOL
Bad timing: as soon as the incredibly good jobs number was announced, Yahoo!Finance pulled this story: Donald Trump still doesn't understand the unemployment rate. Anyone following Yahoo!Finance knows the site leaves up stories longer than the Drudge Report. Headline stories over at Yahoo!Finance can be up for weeks at a time. The linked story went up in the last couple of days; it was still there early this morning and based on the subject matter should have been left up for another week or so. But lo and behold, as soon as the ADP jobs number was reported today, that story was pulled. Pretty incredible. [Update: one day later, after the jobs report was "old news" the Yahoo!Finance story was re-posted. -- posted April 6, 2017.]

By the way, anyone who thinks Trump doesn't understand "the unemployment rate" is an idiot to begin with -- especially with that headline -- there must be at least six unemployment rates, U1 - U6, and I doubt one out of 100 senators can explain all six. This might help (LOL):


If not, this might help (LOL):


Buy my favorite:


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