The jobs report today contained another “unexpected” element, except this time the jobs added were better than many analysts predicted:
Huge headline number on the jobs report- up 528,000 jobs in July.
Unemployment ticks down on lower labor force participation.
— Carol Roth (@caroljsroth) August 5, 2022
Even though the economy is in what meets the definition of a recession, President Biden recently said the R-word doesn’t apply to the current economy. The media has done its part to help re-define the meaning of “recession,” and White House chief of staff Ron Klain appreciates the New York Times’ contribution to the effort:
Kudos, @nytimes pic.twitter.com/UH1PYuuGpO
— Ronald Klain (@WHCOS) August 5, 2022
There’s that media/Dem administration circle of life on full display again.
The strong jobs report was welcome news for President Biden, who has insisted in recent weeks that the United States is not in recession, even though it has suffered two consecutive quarters of economic contraction.
But the report also defied even the president’s own optimistic expectations about the state of the labor market — and appeared to contradict the administration’s theory of where the economy is headed.
Mr. Biden celebrated the report on Friday morning. “Today, the unemployment rate matches the lowest it’s been in more than 50 years: 3.5 percent,” he said in a statement. “More people are working than at any point in American history.”
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Even though the economy meets the definition of a recession, Biden might be correct that the economy isn’t in a recession? That sounds about right!
How embarrassing. https://t.co/i0dWpmJ7yl
— Omri Ceren (@omriceren) August 5, 2022
State media watch. https://t.co/ptyEknQlls
— Dan McLaughlin (@baseballcrank) August 5, 2022
The media’s always happy to help whenever possible.
UPDATE: It gets even better:
Paul Krugman RT's Biden WH COS Ron Klain high-fiving a New York Times 'straight news' report praising Biden. The incestuous nature of the Dem/media relationship cannot be denied. pic.twitter.com/bkPpsLrUQ1
— Sister Toldjah 🌻 (@sistertoldjah) August 5, 2022
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Related:
New York Times: We can’t let bad vibes lead us to a recession from our current ‘vibe-cession’
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