Feb 06, 2016 1:38 AM GMT
Wash. Examiner Misleadingly Claims The U.S. Lost 665,000 Jobs Last Month
Seasonally Adjusted Data Show Economy Added Jobs, Unemployment Rate Fell To 8-Year Low
A Washington Examiner column attempted to negatively spin the Bureau of Labor Statistics' (BLS) jobs report for January 2016 by misleadingly claiming that the American economy shed 665,000 jobs last month. The column failed to account for seasonal adjustments in the data series.
On February 5, the BLS released its monthly "Employment Situation" summary for January 2016. The data showed that the economy created 151,000 jobs last month, and the unemployment rate fell to 4.9 percent -- its lowest level since February 2008. According to a Bloomberg survey of economists, the monthly job creation total came in below expectations but economist Kathy Bostjancic still called the report "very encouraging."
This generally positive sentiment was lost on Washington Examiner columnist Paul Bedard, whose search for negative spin on the jobs report resulted in him pushing the misleading claim that BLS data actually shows "there were 665,000 jobs lost in January":
GOP= Gobs Of Poop
Typical Republican behavior