January 9, 2016

Memo to AP: Job Growth Doesn’t Automatically Equal Economic Growth

At the Associated Press, as seen at its “Top Business News” page Friday afternoon, Christopher Rugaber opened his song of praise for yesterday’s jobs report (“US EMPLOYERS HIRE AT ROBUST PACE, DEFYING GLOBAL TRENDS”) as follows: “American employers added a robust 292,000 jobs in December, suggesting that the U.S. economy is so far defying global weakness and growing solidly. …”

Rugaber’s opening sentence has since been revised, but the damage was done — or, being cynical, the mission was accomplished. Thanks to Rugaber’s original opening sentence being used at AP-subscribing outlets nationwide, most news readers, listeners and viewers will believe that decent job growth has been translating into “solid” overall economic growth. Too bad that hasn’t been the case — and there are reasons to believe that it will continue to not be the case.

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AP Applauds ‘Blistering Pace’ Jobs Report, Buries Awful Wholesale Trade News

Yesterday at NewsBusters, Ken Shepherd noted how quickly and gleefully the New York Times jumped (“an impressive sprint capping off a year of solid job growth”) on December’s relatively strong jobs report.

The Associated Press joined the parade — “US EMPLOYERS HIRE AT BLISTERING PACE, DEFYING GLOBAL TRENDS” – and kept its story as its lead in its Business “Top Stories” until late afternoon. While that treatment was defensible, the absence of the wire service’s terse coverage of the government’s disturbing wholesale sales and inventories report from the “Top 10″ roster wasn’t. Clearly, the good news stays, while the bad news gets memory-holed at the Administration’s Press.

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Saturday Off-Topic (Moderated) Open Thread (010916)

Filed under: Lucid Links — Tom @ 6:00 am

This open thread is meant for commenters to post on items either briefly noted below (if any) or otherwise not covered at this blog. Rules are here.

Positivity: Stanford player proposes to girlfriend after Rose Bowl win

Filed under: Positivity — Tom @ 5:55 am

From Pasadena, California:

Jan 2, 2016 at 12:31a ET

Stanford’s monstrous win over Iowa at the Rose Bowl on Friday had even more meaning for one Cardinal player.

Senior offensive guard Brendon Austin proposed to his girlfriend, Carly Hartman, after the team’s 45-16 win over the Hawkeyes.

Austin enlisted the help of his parents and Hartman’s mom to ensure Hartman would be in the front row of the stadium after the game for the grand gesture. After the game ended, Austin made his way through the end zone to Hartman and got down on one knee to propose to her.

A short Instagram video is here.

Go here for the rest of the story.