Reprinted with permission from Media Matters for America.
Today marked the release of the final monthly jobs report during President Obama’s time in office, and Fox News wasted no time in spinning the document, which showed consistent job gains, new workforce entries, and sizable year-to-year wage increases, by claiming that it’s “not a great picture of the employment situation.” The network has exploited the monthly jobs report to attack the president since he took office in January 2009, but its campaign of misinformation will likely come to a screeching halt next month.
On the first Friday of every month, the Bureau of Labor Statistics (BLS) releases its monthly employment situation summary detailing key indicators of the national labor market from the previous month. The report for December 2016 showed another month of consistent performance from the American economy, with 156,000 new jobs created, a 2.9 percent increase in hourly wages over the previous year, and the unemployment rate remaining “little changed” at 4.7 percent. The December jobs figure came in below some economic forecasts, but the miss was offset by major upward revisions to jobs estimates in October and November. Meanwhile, the slight 0.1-point increase in the unemployment rate was driven mostly by an influx of job seekers entering the labor market last month. According to The Wall Street Journal, December marked the 75th consecutive month of job growth — the longest streak on record.
On CNN’s New Day, chief business correspondent Christine Romans outlined the details of what she called “a solid finish to the year.” Romans said the economy created roughly 2.2 million jobs in 2016 and stressed that “altogether for the Obama presidency, it’s a net 11 million new jobs” even though he inherited the Great Recession and took office in a year when “5 million jobs just disappeared”:
Investment analyst and Bloomberg View columnist Conor Sen argued that the December report “is about as strong of a jobs print as we can get at this point in the cycle.” University of Michigan economist and New York Times columnist Justin Wolfers compared the economy to “the little engine that could,” arguing that after accounting for prevailing economic trends, the December report was “good news.” New York Times senior economic correspondent Neil Irwin noted that the 2.9 percent average hourly wage increase “is the highest of this expansion,” concluding, “Boom.” Economist Elise Gould of the Economic Policy Institute wrote in a January 6 blog post, “All told, it’s clear that the next president is inheriting an economy much stronger than it was at the start of the previous administration,” a sentiment echoed by MSNBC’s Steve Benen, who said the report stands as yet more evidence that “the president is handing off a healthy economy to his successor (who spent 2016 telling voters the economy is terrible).”
The generally positive outlook on the economy portrayed by these journalists, economists, and other experts was once again absent at Fox News, which painted the report as another example of the president’s failing policies.
Fox Business host Stuart Varney slammed the report all morning on Varney & Co., and he invited several guests to claim that the report was proof of a sputtering and “sick” economy. Fox & Friends co-hosts Steve Doocy and Brian Kilmeade lamented the report as “not a great picture of the employment situation in the country,” ignoring all its positive indicators, while guest and Trump apologist Jeanine Pirro slammed the Obama administration for its supposed failure to advance the economic interests of African-Americans. (Many observers had noted that the December report actually showed the unemployment rate for African-Americans falling to its lowest point since August 2007.) From the January 6 edition of Fox & Friends:Click here for reuse options!
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