Bush, Obama, the MSM, and the economy...........

[marv]

NYT, October, 2004 (5.4% jobless): The Labor Department reported that the U.S. economy added just 96,000 jobs in September, substantially less than the roughly 150,000 needed to keep pace with the expansion in the labor force and start absorbing the slack in the job market.

NYT, October, 2012 (7.8% jobless): The jobless rate abruptly dropped in September to its lowest level since the month President Obama took office, indicating a steadier recovery than previously thought and delivering another jolt to the presidential campaign.

PBS, September, 2004: Still, the September job-creation total fell far short of Wall Street economists’ forecasts for 148,000 new jobs.September’s net increase of 96,000 payroll jobs was less than August’s rise, which the Labor Department revised downward from 144,000 to 128,000 it reported a month ago.The latest figures show four straight months of weak job growth after three strong months in the spring.

PBS, October, 2012: A rare banner day on the jobs front, at least at first glance. The official unemployment rate — U-3 — dropped below 8 percent to 7.8 and even our all-inclusive U-7 is down 0.08 percent — to 16.87 percent. The most impressive numbers are in job creation as reported by the monthly survey of “establishments.”

WaPo, October, 2004: Employers added 96,000 non-farm jobs last month, down from 128,000 in August, as losses in some industries were more than offset by hires in others, such as real estate, construction and temporary help services.

September was the fourth-straight month of gains below the roughly 150,000 a month that many economists estimate are necessary to keep pace with population growth.

WaPo, October, 2012Although employers added a modest 114,000 jobs in September, the unemployment rate dropped sharply, from 8.1 to 7.8 percent, the government reported Friday.

Unemployment is at its lowest level since President Obama took office in January 2009, offering him a political boost just days after his performance was widely judged as lackluster during a debate against GOP rival Mitt Romney.

Chicago Trib, 2004: Economists said the latest report was disappointing, and that job growth remains anemic for this stage of an economic recovery.

The country should be creating 250,000 jobs or more per month by now, one analyst said.

Chicago Trib, 2012: The U.S. unemployment rate dropped to a near four-year low of 7.8 percent in September, a potential boost to President Barack Obama’s re-election bid.

Source

The American economy “has finally broken loose,” and that the overall result is “modestly positive” at +114K and 7.8% in 2012 under Obama, while +96K and 5.4% in 2004 was “a disappointment” under Bush in 2004. Does anyone notice a pattern here?

[thundley4]

No bias in the MSM, nosirreeeebob.