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…

New Home Sales Dive in March, Miss Expectations by Miles; Result Is 'U

April 23rd, 2014 3:44 PM
March was going to be the month when new home sales in the U.S. would finally break out after several months of horrible weather. After all, everyone knew that this winter's snow, ice, and low temperatures were the only things holding the new home market back. Consensus predictions ahead of today's related report from the Census Bureau were in the range of 450,000 to 455,000 annualized sales…

AP's Boak Hypes Weak Feb. Retail Sales Growth as 'Rebound

March 13th, 2014 5:33 PM
February's retail sales as reported may have been expectations of a 0.2 percent seasonally adjusted rise, but the 0.3 percent increase turned in was still far from impressive, especially after considering that the Census Bureau revised January's result down to -0.6 percent from an originally reported -0.4 percent. Naturally, that didn't stop the Associated Press's Josh Boak and his story's…

AP Quickly Buries Today's Disappointing Economic Reports, While Dispat

March 5th, 2014 4:54 PM
You don't even need to know the specifics to realize that today's economic reports were weak. All you need to know is that there was no mention of them in the Associated Press's list of Top 10 business stories as of 3:35 p.m. Among stories considered more important: a product review of Apple's tiny market-share program called iWork and three dozen passengers suing Carnival Cruise Lines. This…

As Economic Data Weakens, AP's 'All Is Well' Reports Play the 'Weather

February 27th, 2014 2:45 PM
The news in two government reports on the economy today was not good. One showed that initial unemployment claims last week rose to a seasonally adjusted 348,000; raw (not seasonally adjusted) claims were virtually identical to last year's comparable week. To avoid the dreaded U-word ("unexpectedly"), a pair of Bloomberg News reporters described the result as "exceeding all forecasts." In the…

As Retail Sales Figures Get Revised Down, AP Continues to Promote Myth

February 13th, 2014 10:28 AM
It isn't at all difficult to spot the absurdity in Josh Boak's 9:45 a.m. Associated Press report today on retail sales, which declined 0.4 percent from December on a seasonally adjusted basis. His first paragraph claims that "consumer spending at the end of 2013" had "momentum," while his second shows that the there was none (bolds are mine):