Jobless claims had fallen beneath the 1 million mark for the first time since mid-March, according to CNBC. This is great news. CNBC noted that this was “a sign that the labor market is continuing its recovery from the coronavirus pandemic.” Also, the total claims of 963,000 for the week ended August 8, “were well below the estimate of 1.1 million from economists surveyed by Dow Jones.” [Emphasis added.]
ABC World News Tonight (Tom Llamas filling in), CBS Evening News (Margaret Brennan filling in) and NBC Nightly News inundated viewers with despair overshadowing the good news August 13. Combined, the Big Three spent 235 seconds twisting the coverage.
ABC World News Tonight (14 seconds of negative coverage)
Fill-in anchor Tom Llamas slapped the good news down by arbitrarily noting that the numbers were “still far above the worst week of the Great Recession.” Comparing a pandemic-induced economic downturn with a recession that occurred because of bad government policies is a false equivalency.
Llamas proceeded to fling out the statistic that “15.5 million American are still collecting benefits.” He ignored mentioning that this was “a decrease of 604,000 from a week ago,” according to CNBC.
CBS Evening News (108 seconds of negative coverage)
Fill-in anchor Margaret Brennan immediately minimized the news by saying that the jobless claims number “dipped slightly below 1 million” for the first time in 20 weeks. That’s a less than positive take when compared toCNBC’s positive note that the fall was in fact “well below the estimate of 1.1 million.” Brennan then gutted the good news further with a dark pivot: “One sector still suffering historic losses is the leisure and hospitality industry.”
CBS News correspondent Mireya Villarreal then went on a 95-second propaganda ramble on the leisure and hospitality sector woes, completely blunting the good news. CBS then shifted to a clip of Grant Thornton Chief Economist Diane Swonk, who grumbled that “[w]e traded quick reopenings for what could be much larger and longer term pain — and many more of these restaurants and bars having to shut for good.”
Villarreal conveniently ignored mentioning that Swonk is a Democrat donor. Swonk contributed $2,283.33 exclusively to Democrats this cycle, including to former presidential candidate Sen. Amy Klobuchar (D-MN). That’s a pretty significant left-wing bias.
NBC Nightly News (113 seconds of negative coverage)
Anchor Lester Holt wasted no time in beginning the jobless claims segment with negativity: “With those talks on new relief on hold, millions of Americans are still in limbo, while unemployment claims dip below 1 million last week. So many families are still suffering.”
NBC News business and technology correspondent Jo Ling Kent took the reins and pushed propaganda for 101 seconds, smashing any positive takeaways from the good news. She said, “Although jobless claims dropped below one million for the first time last week since the pandemic began, it’s still nearly four times more than early March, and there’s no relief in sight.”
Both Holt and Kent diverted attention away from the jobless claims report to the ongoing gridlock in Congress to extend unemployment benefits. One chyron even appeared as an attack against Trump: “Where is unemployment relief promised by Trump?”
Typically, NBC ignored an important takeaway on the new jobless claims report: Enhanced unemployment benefits were incentivizing people from returning to work.
CNBC noted that the decline in jobless claims “‘provides some fuel for the argument that the enhanced benefits were providing an incentive for people to stay away from returning to work if they had the option,” according to a note by Jefferies Financial Group. Jefferies continued: “The data of the past two weeks will not help the arguments of lawmakers fighting to extend the expired benefits.” [Emphasis added.]
MRC News Analyst Nicholas Fondacaro contributed to this report.