It would be useful to read this in advance of tomorrow’s Employment Situation Report.
While the Associated Press’s Jeannine Aversa has referred to employers “slashing jobs” and handing out “stacks of pink slips during the past five consecutive months as the economy has lost over 350,000 jobs on a seasonally adjusted basis, the fact remains that the economy has added (on a not seasonally adjusted basis — i.e., what’s actually happening) over 2.7 million jobs.
While this number sound large, it is not acceptable, and is not as high the last several years. But in terms of Aversa’s reporting, it’s the direct opposite of the “stack of pink slips” she has written up as reality for the nation’s news consumers.
Aversaâ€™s â€œslashingâ€ and â€œpink slipâ€ assertions are not merely exaggerated. They are false.
If this isn’t journalistic malpractice, I don’t know what is.
I will post the column with slight modifications at BizzyBlog on Saturday (link won’t work until then) under the title “AP’s 3-Million Job Gap.”