By Tom Blumer | July 15, 2015 | 11:44 PM EDT

The serious sales slumps combined with inventory buildups in manufacturing and wholesale industries, documented in previous NewsBusters posts, continues. So does the establishment press's determination to ignore them.

At the Associated Press today, Christopher Rugaber was tasked to cover the Federal Reserve's June release on Industrial Production. The good news is that the Fed report showed an overall increase (+0.3 percent) for the first time in three months. The bad news is that none of it came in manufacturing, which was flat as a pancake for the second straight month. The net sum of the monthly manufacturing declines so far this year is -0.3 percent. While Rugaber concentrated his attention where it belonged, i.e., on manufacturing, since it makes up 75 percent of all industrial activity, he still managed to come up with all kinds of explanations for the lack of progress — except the two most obvious (bold is mine):

By Tom Blumer | July 8, 2015 | 11:40 PM EDT

As seen in two previous posts at NewsBusters, once the Associated Press's Christopher Rugaber didn't get the job market "nearing full health" he expected and briefly thought he got in Thursday's jobs report, he quickly downgraded it to "painting a mixed picture," and took it further down to "a bleaker picture" about eight hours later.

That still left the problem, six years after the recession's official end, of explaining away yet another disappointing job-market reading in three quite visible areas. How did Rugaber and colleague Josh Boak "fix" the problem? They decided to say that "this may be what a nearly healthy U.S. job market now looks like." In other words, this is merely the end of the sixth year of the "new normal."

By Tom Blumer | July 8, 2015 | 12:07 PM EDT

The Associated Press's Christopher Rugaber had a very bad day on Thursday as he covered the government's June jobs report, but it was all self-inflicted.

I noted much of the problem in a NewsBusters post yesterday, citing how the AP economics writer got badly burned while engaging in the wire service's usual practice of analyzing expected and reported economic results instead of concentrating on relaying the facts. But there's more.

By Tom Blumer | July 7, 2015 | 6:11 PM EDT

This post will document what transpired at the Associated Press on Thursday before and just after the release of the government's employment report. It should be a humiliating lesson to its business and economics writers. One would hope that they might learn to concentrate solely on discerning and accurately reporting the relevant facts, and to leave the analysis to others. (I know; fat chance.)

As will be seen after the jump, several hours before that jobs report, the AP's Christopher Rugaber was all ready to pronounce the job market as "nearing full health," basing his bizarre assessment largely on "a surge in people looking for work" (reports referenced at this post have been saved at my host for future reference, fair use and discussion purposes; bolds are mine throughout this post):

By Tom Blumer | July 6, 2015 | 12:25 PM EDT

Though the Associated Press is now basically admitting it, we all knew it. Obamacare's 30-hours-per-week definition of a "full-time employee" for employer health insurance coverage purposes has been responsible for one of the fundamentally negative changes in the American workforce — a noticeable move away from full-time to part-time employment.

In a report with a current Saturday morning time stamp at the AP's national web site which originally went up on Friday, the wire service's Christopher Rugaber and Josh Boak covered the "new normal" in the job market. This writeup will receive yours truly's fuller attention later. But for now, I must note that the pair's report largely abandoned the AP's and the establishment press's years of near denial (bolds are mine throughout this post):

By Tom Blumer | June 25, 2015 | 1:32 PM EDT

Yesterday, the government revised the economy's first-quarter contraction from the annualized 0.7 percent it reported in May to 0.2 percent.

In covering that news, the Associated Press's Christopher Rugaber spent most of his report speculating about the second quarter's impending "rebound" as if its existence is absolutely certain, citing only the items which would cause readers to believe that's the case. There are several reasons to be quite concerned about the second quarter and the general direction of the economy — even if some of them are somehow not yet showing up in the gross domestic product figures.

By Tom Blumer | May 15, 2015 | 10:43 PM EDT

On May 1, the Associated Press's Paul Wiseman was pleased to tell the wire service's readers and subscribing outlets that "The University of Michigan's sentiment index rose to 95.9 from 93 in March," reaching "its second-highest level since 2007." Among other things, the survey's chief economist said that the result reflected "improving prospects for jobs and incomes."

What a difference two weeks makes. Today's preliminary U of M survey for April dropped to 88.6, completely missing expectations of 95.9. Zero Hedge notes that it's the biggest expectations miss on record, and the largest single-month drop since December 2012. Naturally, a search at its national site indicates that the AP prepared no story on the U of M report.

By Tom Blumer | May 6, 2015 | 3:50 PM EDT

Tuesday evening, I wrote that there appears to be a need for an intervention among the economics writers at the Associated Press.

At the time, I was referring to how the wire service's Christopher Rugaber, in his dispatch on a trade group's upbeat business sentiment survey appearing about an hour after Martin Crutsinger's writeup on the horrible March trade imbalance, failed to report Crutsinger's relayed observation, based on the opinions of others, that the economy likely contracted in this year's first quarter instead of barely growing at the 0.2 percent annualized rate currently recognized.

By Tom Blumer | May 5, 2015 | 8:55 PM EDT

It appears that someone might need to schedule an intervention with the Associated Press's economics writers.

In his dispatch published a half-hour after the government's March release on international trade at 8:30 this morning, the wire service's Martin Crutsinger quoted a normally upbeat economist who was singing the blues about the result's effect on previously reported first-quarter economic growth. Now, he said, the economy "undoubtedly contracted slightly in the first quarter" by an estimated 0.3 percent. But about an hour later, the AP's Christopher Rugaber ignored this assessment — and that of many others — in his writeup covering the 10 a.m. release of the Institute for Supply Management's Non-Manufacuring Index. Don't these guys talk to each other?

By Tom Blumer | March 20, 2015 | 12:40 PM EDT

In all the hoopla over the Federal Reserve's Wednesday's signals over its intentions to raise interest rates, its significant downgrades to expected growth of the U.S. economy during the next several years have mostly been ignored.

The Associated Press, aka the Administration's Press, has played a part in that. Both of the wire service's reports following the Fed's actions and predictions on Wednesday saved its downwardly revised growth projections for very late paragraphs, even though reporter Christopher Rugaber described them as indicators of a "much slower" economy than was anticipated just a few months ago. Further, the Fed's revised projections indicate that what is by far the longest streak of economic mediocrity since World War II will likely continue unchecked.

By Tom Blumer | March 13, 2015 | 8:20 PM EDT

The Associated Press, aka the Administration's Press, is hard at work putting a brave face on a shaky economy.

Just one example: On Thursday, after February consumer spending fell sharply for the third straight month, the wire service's Christopher Rugaber reported that "Freezing temperatures and snowstorms likely weighed on sales in February," and that "steep drops in gas prices dragged down sales" in December and January. While that was largely accurate, Rugaber then looked ahead, citing consumer confidence, at that point at "its highest levels since the recession," as a reason not to be concerned about the economy's long-term health. But today, when the University of Michigan's Consumer Sentiment Index "unexpectedly" fell by over four points from 95.4 to 91.2, defying expectations that it would barely increase, a search on "University Michigan" at its national site indicates that the AP didn't report it.

By Tom Blumer | December 8, 2014 | 2:41 PM EST

Friday's Employment Situation Summary contained one strong element: In November, the economy added 321,000 seasonally adjusted payroll jobs. That's not insignificant, but that news, especially in the report's full context, certainly didn't justify the level of elation seen in much of the press.

Predictably, the Associated Press found a specious reason to characterize the government's report as signifying a "turning point." Get a load of why: "For the first time since the Great Recession ended 5-1/2 years ago, America's unemployed are now as likely to be hired as to stop looking for a job." In other words, for the first time in 65 months, what people would expect to be a normal situation finally occurred.