The government estimated that the U.S. grew at an annual rate of 3 percent in the second quarter. That was significantly higher than the 2.7 percent expected.
The good economic news was heralded as “impressive,” a “substantial acceleration” over the first quarter, “rosy,” and “without question good news for the economy.” But not by ABC, CBS and NBC evening news programs, nor their counterparts on Spanish-language networks Univision and Telemundo.
None of those programs mentioned the Bureau of Economic Analysis’s estimate of second quarter growth on Aug. 30. NBC Nightly News found time to point out that men are becoming fathers later in life.
It is hard to see how that story was more imperative than an update on how the U.S. economy is doing — especially since many people voted for President Donald Trump because of their economic concerns.
Coverage of Hurricane Harvey and its aftermath naturally dominated network coverage, but what even the liberal Washington Post described as “the strongest quarterly growth for the United States in more than two years” should have gotten attention from each network.
CBS Evening News mostly covered Hurricane Harvey, but also reported on President Trump’s tax reform announcement and included a story about Trump and his defense secretary sending “mixed messages” on North Korea.
In addition to Harvey, NBC Nightly News took time to report on President Donald Trump’s tax reform announcement, a new kind of cancer treatment, that new data on fatherhood, and to mention how Prince William, Prince Harry and Princess Kate honored the late Princess Diana 20 years after the fatal car accident.
World News with David Muir also covered tensions with North Korea, the new cancer treatment, Republican Sen. John McCain’s upcoming return to Capitol Hill following a round of chemotherapy for his brain cancer, and a shootout in Sacramento, California, which wounded police officers and the suspect.
CNBC reported that in addition to the greater than expected growth, “there are signs that the momentum was sustained at the start of the third quarter” driven by the fastest consumer spending in a year, as well as an uptick in business spending.
While some quarterly growth estimates under Obama topped 3 percent, the U.S. economy did not grow at a 3 percent rate on an annual basis at all during his time as president. Trump has promised his policies will lead to 3 percent or higher annual growth, but only time will prove him right or wrong.