At the Associated Press, as seen at its "Top Business News" page Friday afternoon, Christopher Rugaber opened his song of praise for yesterday's jobs report ("US EMPLOYERS HIRE AT ROBUST PACE, DEFYING GLOBAL TRENDS") as follows: "American employers added a robust 292,000 jobs in December, suggesting that the U.S. economy is so far defying global weakness and growing solidly. ..."
Rugaber's opening sentence has since been revised, but the damage was done — or, being cynical, the mission was accomplished. Thanks to Rugaber's original opening sentence being used at AP-subscribing outlets nationwide, most news readers, listeners and viewers will believe that decent job growth has been translating to robust overall economic growth. Too bad that hasn't been the case — and there are reasons to believe that it will continue to not be the case.












