The latest jobs report was a stunner, falling more than 100,000 jobs short of expectations.
The Bureau of Labor Statistics announced on June 3, that only 38,000 new jobs were added in May 2016. That was less than one-quarter of the jobs anticipated. The liberal media predictably spun the news, before and after its announcement.
The day before the report, CNN, The Wall Street Journal, Business Insider, and Market Watch preemptively tried to prepare their readers for a “softer” number of jobs by playing up a Verizon strike of around 35,000 employees which they warned would reduce the jobs number.
Once the jobs report was published, however, some in the media turned attention to the decrease in the unemployment rate (down to 4.7 percent from 5 percent). The media also tried to come up with positive reasons so few jobs were added in May.
“The U.S. economy is considered to be at or near ‘full employment’ and it’s expected that hiring will slow down to a certain degree,” CNN Money said on June 3, 2016.