August 4, 2016

AP’s Headline and Opening Paragraph Make Awful Manufacturing Report Seem Positive

The press’s reporting on the Obama era’s awful economy has been nothing short of abysmal.

Looking at the bigger picture on July 25, MRC Business’s Julia Seymour named “6 key indicators of (a) weak economy” the press has glossed over or ignored since the recession ended seven years ago. The most obvious item she identified is the fact that the current alleged “recovery” is by far the worst since World War II. On August 2, she noted that the press’s pattern of negligence continued, as all of the Big Three broadcast networks’ Friday evening newscasts ignored the tepid annualized 1.2 percent second-quarter economic growth the government reported that morning. One other journalistic failure relates to how less noticed but still critical economic reports are covered. The Associated Press in particular has proven quite adept at making weak or bad news appear good — at least in their headlines and earlier verbiage.

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Initial Unemployment Claims: 269K SA; Raw Claims (224K) 2 Pct. Below Same Week Last Year

Filed under: Economy,Taxes & Government — Tom @ 10:24 am

From the Department of Labor:

SEASONALLY ADJUSTED DATA

In the week ending July 30, the advance figure for seasonally adjusted initial claims was 269,000, an increase of 3,000 from the previous week’s unrevised level of 266,000. The 4-week moving average was 260,250, an increase of 3,750 from the previous week’s unrevised average of 256,500.

… UNADJUSTED DATA

The advance number of actual initial claims under state programs, unadjusted, totaled 220,204 in the week ending July 30, a decrease of 11,485 (or -5.0 percent) from the previous week. The seasonal factors had expected a decrease of 13,566 (or -5.9 percent) from the previous week. There were 224,104 initial claims in the comparable week in 2015.

The seasonal adjustment factors were almost identical for this past week and the same week last year.

There’s nothing more problematic here than usual, except

Thursday Off-Topic (Moderated) Open Thread (080416)

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: Police Officer Sips Tea With Child He Saved From Choking

Filed under: Lucid Links — Tom @ 5:55 am

From Roulette, Texas (photos at link; HT Good News Network):

July 26, 2016 9:49 PM

It was a tea party invite Rowlett Corporal Patrick Ray couldn’t turn down.

“We’re best friends, right?” he asks his hostess.

He first met Bexley, 2, a year ago when she choked on a coin. His body camera was rolling as he worked to help her breath again.

“It was the most beautiful sound I’d ever heard in my entire life,” he said of the moment she gasped for air.

Bexley’s mother, Tammy Norvell, never wants to forget that day.

“This is a day that I will celebrate… because I have her,” she says.

Norvell hired a professional photographer to capture her daughter and her favorite police officer.

“Whenever I do ask my children ‘what do you want to pray for?’ Bexley always says, ‘Officer P Ray. Officer P Ray’,” says Norvell.

Bexley’s brother prays for him too.

“The night of the Dallas shooting, he asked if Officer P. Ray was okay. I wasn’t ready for that question from my 5-year-old.”

With so much negativity directed at police, Norvell hopes her photographs show how she sees them. …

Go here for the rest of the story.