As I was preparing for bed, I caught this on Yahoo! homepage:
Once again, a piece of bad economic news comes unexpected to our even-handed news media:
The number of Americans filing new claims for unemployment benefits rose last week, suggesting little improvement in the labor market this month after hiring stumbled badly in May.
Initial claims for state unemployment benefits climbed by 9,000 to 429,000, the Labor Department said on Thursday. Economists had expected claims to come in at 415,000.
On Wednesday, Michael Barone alerted us to
. . . an academic study by John Lott and my American Enterprise Institute colleague Kevin Hassett of media coverage of economic news during Democratic and Republican administrations. Among their conclusions: “Our results suggest that American newspapers tend to give more positive news coverage to the same economic news when Democrats are in the Presidency than for Republicans.”
And here we have yet another piece of evidence suggesting that the economists surveyed by Reuters did not expect to see such dire jobless numbers in this era of hope and change.