Fox Business, MSN Money, and CNN Money talking about the economy

Job Growth Slows, Clouds Case for Fed Rate Hike
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U.S. job growth is solid in September
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Stocks slip after US jobs report misses expectations

are the headlines, can you guess which one is from CNN, Fox and MSN Money?

Try to guess who again

The U.S. economy added 156,000 jobs last month and the unemployment rate ticked up to 5.0 percent, the Labor Department said Friday.
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The U.S. economy added 156,000 jobs last month, a tick lower than August's revised job gains, the Labor Department announced Friday.
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Nonfarm payrolls rose 156,000, down from a revised gain of 167,000 jobs in August, the Labor Department said on Friday.
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I personally love looking how the same facts are reported.

Which one do you think did the best/fair job?

To check your answers....


money.cnn.com...

www.foxbusiness.com...

www.msn.com...

a reply to: thinline

Great thread thinline.

They spin the numbers based on their agenda at the time. CNN, Fox, MSNBC must have "string pullers" who have different agendas, based on their varying reports on the status of job growth.

The TRUE unemployment rates are much higher than what they report - playing with numbers is the "name of the game".

I wrote a thread on how they fudge unemployment, inflation, precious metals markets, etc. last February. From that thread:

On January 9, the US government told Americans that the unemployment rate had fallen to a comforting 5.6 percent, an indication that the Federal Reserve’s policy of Quantitative Easing was successful in restoring the US economy...

...the 5.6 percent unemployment rate (U.3) does not include unemployed people who have not looked for a job in the previous four weeks. These unemployed are called “discouraged workers.” If they have been discouraged for less than one year, they are counted in a seldom-reported measure of unemployment (U.6). This rate stands at 11.2 percent

The story worsens. The 11.2 percent rate does not include the millions of unemployed long-term discouraged workers (those discouraged for more than one year). Prior to 1994, the US Bureau of Labor Statistics counted the long-term discouraged as unemployed, and the government of Canada still does. John Williams (shadowstats.com) continues to include the long-term discouraged. When the long- term discouraged are added to the U.6 measure, the rate of unemployment again doubles, to 23 percent.

Original Source

Drudge did the best.

94,184,000 not in the labor force

The CBO said factors contributing to the decline in labor force participation include the continued retirement of baby boomers, reduced participation by less-skilled workers, and the lingering effects of the recession and weak recovery

"In addition," the report said, "certain aspects of federal laws, including provisions of the Affordable Care Act and the structure of the tax code, will reduce participation in the labor force by reducing people’s incentive to work or seek work."

Remember this when you vote in November.