Media Negative throughout Nearly Four Years of Job Growth By Julia A. Seymour

The media haven’t done the best job on jobs.

In 47 straight months of job growth, the U.S. economy has created 8.3 million jobs. But despite that economic achievement, the media have consistently presented employment news and the overall economy negatively in the past four years.

Katie Couric dismissed July 2007 job creation in one sentence on the “CBS Evening News” August 3: “The Labor Department says the economy was able to create only 92,000 jobs.” (emphasis added)

 Despite economic worries over subprime loans and credit markets, the chief economist of Bear Stearns, David Malpass, wrote that “Jobs matter more” in an August 7 editorial.

“Jobs matter more. For many, the value of future employment is much greater than their home equity. The low jobless claims and unemployment rate – clear signs of a strong labor environment – raise confidence and likely future wages,” wrote Malpass in The Wall Street Journal.

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