AP Acknowledges That There Are 'Fewer Full-Time Jobs,' But Doesn't Cit

July 31st, 2014 5:17 PM
In a Thursday report on why many Americans are still unimpressed with the U.S. job market, Associated Press reporters Christopher Rugaber and Josh Boak made a rare admission that "Finding a steady full-time job has become harder" than it was before the recession. The AP pair then contended that "the trend might also reflect a lasting shift among restaurants and coffee shops," but found an "…

Disappearing: AP Knocks Down Expected Second-Quarter Growth to an Annu

June 27th, 2014 12:50 PM
Slowly but surely, the confident assurances of a fantabulous second quarter for the U.S. economy — one which is supposed to make the serious first-quarter contraction reported on Wednesday a distant memory — are crumbling. Yesterday at the Associated Press, Martin Crutsinger, who just a couple of weeks ago had been relaying confident second-quarter predictions of annualized 3.5 percent and…

AP's Dynamic Econ Duo: Don't Worry About Tomorrow's Awful GDP Report

June 24th, 2014 3:52 PM
Sounding a familiar theme at the Associated Press ahead of awful economic news, Christopher Rugaber and Martin Crutsinger prepared a column in advance of tomorrow's final report on the economy's first-quarter economic contraction reminding us, with far more certainy than is justified, that "A GRIM US ECONOMIC PICTURE IS BRIGHTENING." Guys, before you "brighten," you first have to step out of…

CNNMoney.com Emails Ignore Sharp Downward Estimates of First-Quarter a

June 18th, 2014 6:10 PM
Some readers here may have a tough time discerning why the economy's mediocre to stagnant performance isn't fully registering with the general public, which feels that things aren't going too well but still doesn't how weak the situation really is. The obvious answer is that the press overemphasizes any good news which appears and downplays marginal or bad news — while occasionally, as seen…

AP Says Growth Will 'Accelerate' and 'Pick Up' During Rest of Year; Af

June 10th, 2014 4:22 PM
At the Associated Press yesterday, Christopher Rugaber's writeup on the latest economic growth projections of the National Association of Business Economists (NABE) contained several glaring weaknesses. Take the headline (quite possibly not his doing) and his opening sentence. The headline, "SURVEY: GROWTH TO PICK UP, HIRING STEADY," seems designed to ensure that those who only look at…

Despite April Consumer Spending Dip, AP's Crutsinger Likes Sunny Growt

May 31st, 2014 5:23 PM
After investing so much emotional energy in the idea that the weather-impaired contracting U.S. economy of the first quarter is going to give way to a super-duper awesome second quarter and strong rest of the year, it was foolish to think that Martin Crutsinger at the Associated Press, aka the Administration's Press, would backtrack after just one contradictory report on consumer spending,…

AP's Raum: Almost 700 Words on Historic Growth in Temps and Contract W

May 19th, 2014 5:50 PM
In July 2013, the Associated Press's Christopher Rugaber finally noticed the meteoric rise in the number of temporary help service and other non-payroll personnel working at U.S. employers — a trend which at the time was about 2-1/2 years old. Rugaber noted that "temps and to a much larger universe of freelancers, contract workers and consultants ... number nearly 17 million people who have…

Imagine That: Even Politico Questions Whether the Economy Is Set to 'P

May 5th, 2014 9:34 AM
In stark contrast to the celebratory "AMERICAN ECONOMY BOUNCES BACK FROM BRUTAL WINTER" headline Friday afternoon at the Associated Press, aka the Administration's Press, Ben White's "Morning Money" report at the Politico is notably concerned about whether Friday's "vexing jobs report" justifies the kind of optimism the AP conveyed with seeming finality in its headline. To be fair, the…

AP's Friday Jobs Report Coverage Also Ignored Many Predictions of Down

May 4th, 2014 11:57 PM
This morning (at NewsBusters; at BizzyBlog), I noted that Friday afternoon's coverage of the government's jobs report at the Associated Press by economics writers Christopher Rugaber and Josh Boak carried predictions of "nearly 3 percent" economic growth this year. Those predictions ignore how difficult achieving that will be after the first quarter's miserable 0.1 percent annualized result and…

AP Pair Create a Math Problem In Projecting 2014 Growth of 'Nearly Thr

May 4th, 2014 9:56 AM
In a Friday afternoon dispatch issued in the wake of the government's jobs report earlier that day, Christopher Rugaber and Josh Boak at the Associated Press wrote that "most economists ... forecast a strong rebound in economic growth - to a 3.5 percent annual rate in the current April-June quarter. And growth should reach nearly 3 percent for the full year, up from 1.9 percent in 2013, they…

Things Must Really Be Bad: AP's Pending Homes Sales Writeup Says That

April 28th, 2014 8:49 PM
At the Associated Press today, economics writer Christopher Rugaber was a bit subdued, even when presented with nominally favorable news. He wrote that the March rise in the National Association of Realtors' pending home sales index of 3.4 percent, the first gain in nine months, was "a sign that the housing market might pick up after a sluggish start to the year." Rugaber's relative…

AP's Rugaber: Continued Large Deficits Signify 'Improvement in the Nat

April 14th, 2014 11:56 PM
On Thursday, Christopher Rugaber's assignment at the Associated Press was to cover that day's release of Uncle Sam's Monthly Treasury Statement for March. If the AP economics writer had limited the scope of his coverage to the statement itself, his coverage would have been passed muster. But, as he and his AP colleagues so often do, Rugaber felt it was duty to offer what he must have thought…

Virtually Unreported: Mortgage Loan Market’s 2013-2014 Collapse

April 11th, 2014 5:48 PM
Associated Press stories today on the quarterly earnings releases of Wells Fargo (unbylined) and JPMorgan Chase (by Steve Rothwell) essentially mocked the nearly continuous monthly stream of reports the wire service's economics writers, particularly Martin Crutsinger and Chris Rugaber, have generated about the "housing recovery" during at least the past year. The Wells Fargo story disclosed…

AP Headline Falsely Claims 'U.S. Finally Regains The Jobs Lost in the

April 4th, 2014 11:39 PM
This afternoon, in an unbylined item headlined "US BUSINESS HIRING FINALLY TOPS RECESSION LOSSES," the Associated Press showed that it deserves the nickname "Administration's Press." The story embarrassingly described the job market's return to its previous January 2008 employment peak as a "pivotal moment." Get real. Given over six additional years of growth in the adult population, that's…