Christopher Rugaber

It would appear, according to the Associated Press's Christopher Rugaber, that something unusual had to explain why initial unemployment claims as reported by Uncle Sam's Department of Labor rose to a seasonally adjusted 424,000 during the week ended May 21 when they were expected to decline. In previous weeks, poor performances have been explained by DOL spokespersons as due to the unusually…

UPDATE, April 1: Joshua Shapiro, who is "quoted" in the AP article covered in this post, has emailed me and informed me of the following --  Christopher Rugaber did not speak with him, but instead used text from "a written note that I (Shapiro) produced after the jobless claims report was released." Shapiro is unhappy at my making it appear that he is fooled by establishment press…

Someone needs to tell the Associated Press's Jeannine Aversa and Christopher Rugaber that just because the number of unemployed people declines, it doesn't mean that they "found work." That must be what the pair believes. Their error-riddled and suspect supposition-driven Friday afternoon report, whose title predictably focused on the unemployment-rate drop while ignoring the pathetic…

In its reports about the U.S. homebuilding industry and new home sales, the Associated Press has gotten lazy and/or deliberately deceptive. In doing so, it is giving readers, listeners and viewers at its subscribing outlets a completely incorrect impression that the industry and market are getting off the mat after recently being in their worst shape, in their words, "in 47 years." After…

In no uncertain terms, Rush Limbaugh (link will become unavailable in seven days) ripped into an Associated Press report today on the alleged perils of allowing unemployment benefits to expire for what the Labor Department says is nearly 2 million unemployed: I have not had one class in economics since high school in the 1960s -- not one -- and I understand more about this through my own self…

In separate reports for the Associated Press during the past week, Christopher Rugaber and Jeannine Aversa, economics writers for the wire service, each dealt with estimates for next year's average unemployment rate. They came back with significantly different predictions for 2011 without recognizing how widely those estimates varied. On Tuesday, Rugaber dealt with the Federal Reserve's…

Gosh, what's a bigger story -- that to the extent it was ever happening at all the housing recovery "seems to have been aborted," or that according to the government there was very little inflation in October?

Fed Chairman Ben Bernanke's first full day as the only person in the whole wide world with any kind of influence over what happens in the economy didn't go too badly. That's the impression one might get from consuming two Friday Associated dispatches and a related AP Video. Bernanke apparently took full charge of anything and everything having to do with the economy on Thursday evening. As…

There are two different ways of defining a recession. The Associated Press is using one of them to define its beginning, and the other to define its end. Using the former makes George Bush look bad; using the latter makes Barack Obama look good. Imagine that. The traditional definition of "recession," which is used as the official metric in the vast majority of countries around the world, is…

Those looking for evidence that there is a move afoot in the establishment press to lower the bar for whatever economic accomplishments might be accomplished during the Obama administration will be interested in how the Associated Press's report on the government's June jobs report defined "normal" unemployment. Perhaps it's valid for reporters Jeannine Aversa and Christopher Rugaber to refer to…

A not-so-funny thing happened on the way to the recovery this week: The U.S. Department of Labor reported on Thursday that initial claims for unemployment benefits jumped "unexpectedly" by 36,000 to 482,000, when analysts had predicted a slight drop. What's more, it turns out that data reported in previous weeks was understated because of "administrative issues" relating to paperwork processing…