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1 Yr Ago – AP Bemoans 5% Jobless Rate

Here is a flashback from an article we posted last May from an outraged Associated Press:

Employers cut fewer jobs in April, jobless rate falls

By JEANNINE AVERSA, AP Economics Writer

WASHINGTON – Employers cut far fewer jobs in April than in recent months and the unemployment rate dropped to 5 percent, a better-than-expected showing that nonetheless reveals strains in the nation’s labor market.

For the fourth month in a row, the economy lost jobs, the Labor Department reported Friday. But in April the losses totaled 20,000, an improvement from the 81,000 reductions in payrolls logged in March. Job losses for both February and March turned out to be a bit deeper than previously reported.

The latest snapshot of the nationwide employment conditions — while clearly still weak — was better than many economists were anticipating. They were bracing for job cuts of 75,000 and for the unemployment rate to climb to 5.2 percent.

The unemployment rate, derived from a different statistical survey than the payroll figures, fell to 5 percent from 5.1 percent in March. That survey showed more people finding employment than those who didn’t.

Businesses are handing out pink slips as they cope with an economy that is teetering on the edge of a recession, or possibly in one already. A severe housing slump, harder-to-get credit and financial turmoil have forced people and businesses to be more cautious in their spending. And that has hurt the economy…

In other economic news, the Commerce Department reported that orders to U.S. factories rose a bigger-than-expected 1.4 percent in March, after two straight months of declines.

The fresh economic news lifted Wall Street. The Dow Jones industrials were up in afternoon trading

Meanwhile, zooming energy and food prices are taking a bite out of paychecks. If the job market continues to falter, wage growth probably will slow, too, making people even less inclined to spend. That would spell further trouble for the economy…

The economy advanced at a snail’s pace of just 0.6 percent in the first three months of this year as people and businesses clamped down on their spending. It marked the second quarter in a row of such feeble growth.

A growing number of economists believe the economy is in a recession and is indeed contracting now.

Under one rough rule, if the economy contracts for six straight months it is considered to be in a recession. That didn’t happen in the last recession — in 2001— though. A panel of experts at the National Bureau of Economic Research that determines when U.S. recessions begin and end uses a broader definition, taking into account income, employment and other barometers. That finding is usually made well after the fact.

Look at that headline.

It is clear that the AP will go through any contortions to try to make good news about the economy sound bad.

After all, they must do their DNC masters’ bidding.

Lest we forget, a 5% unemployment rate was considered "full employment" during the salad days of the Clinton administration.


Of course back in May of 2008 our one party media was trying to talk the country into a recession in order to get a Democrat in the White House.

Now compare and contrast this with how the selfsame Associated Press is reporting the record-breaking unemployment at 9.4%.

(See the related articles below.)

This article was posted by Steve on Wednesday, June 17th, 2009. Comments are currently closed.

8 Responses to “1 Yr Ago – AP Bemoans 5% Jobless Rate”

  1. proreason says:

    “But in April (if 2008) the losses totaled 20,000”

    With the Moron working his magic, job losses have averaged 580,000 per month in 2009.

    But I wouldn’t say Dubya was 29 times as good as The Moron…..I’d say he was 29 trillion times as good.

    And that’s not even considering the criminal activity The Moron is engaged in.

    • tranquil.night says:

      He was working with ridiculous oil prices and all the other Democrat-induced stresses on the economy at the time as well. The power of tax cuts.

      Well done Rush & SG, one word: wow.

    • Liberals Demise says:

      I smell another “CRISIS” brewing!!

  2. jobeth says:

    Heard Rush mention this…thanks for re-posting it Steve.

  3. Reality Bytes says:

    All Bush did was walk & talk funny? Now, we got Gumby “Damn It.”

    You think I’m kidding? See for yourself.




    And this video clip (the resemblence & same type of attitude is striking!)


  4. VMAN says:

    “an economy that is teetering on the edge of a recession”? This was a year ago? All I have heard from the lap dog media and the O Hole administration was that the US has been in a recession for at least two years maybe more.

  5. Reality Bytes says:

    He’s Gumby Damn It! Show some Respect!

  6. joeblough says:

    Backtrack Asspain O’Bandit is driving the economy down the sewage hole at blinding speed and, I suspect, loving every minute of it.

    With the country on its knees from poverty it will be far easier to effect a total takeover by the gov’t … which is what he has lived for since his embittered misguided youth.

    The pathetic AP is simply part of the government-should-run-the-world cheerleading team.

    Screw the bastards.

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