August 7, 2009 – Media leader New York Times reports, “Wall Street cheered by upbeat jobs report. Economy sheds fewer jobs than expected in July; jobless rate dips.” They lied when they stated:
The government said employers shed 247,000 jobs in July, the fewest in a year. Economists had expected 320,000 lost jobs. The unemployment rate dropped to 9.4 percent from 9.5 percent in June, rather than rising to 9.6 percent as forecast.
On April 6, 2009, I received my regular email from the US Department of Labor, which gives proof to the New York Times lie.
You are subscribed to Unemployment Insurance Weekly Claims Report for the U.S. Department of Labor. This information has recently been updated.
In the week ending Aug. 1, the advance figure for seasonally adjusted initial claims was 550,000, a decrease of 38,000 from the previous week’s revised figure of 588,000. The 4-week moving average was 555,250, a decrease of 4,750 from the previous week’s revised average of 560,000.
The New York Times continued to reinforce its false statement:
The Labor Department report handed investors the best evidence yet that the economy could be climbing out of the recession. Analysts widely consider unemployment the biggest obstacle to a recovery in the economy, which is driven by consumer spending
How can the July unemployment figures be only 247,000, when the Labor Department states that it was running at a rate of 560,000 for the last week in July? Where is the truth? Is it in the Labor Department email, to which anyone may subscribe, or is it in the figures given by The New York Times?
Through its blatant lying, The New York Times is misleading the American people in the worst way.