In eye popping brazenness, media giants CBS/AP tried to spin us with this “upbeat” headline; “U.S. Economy Surprises, 20,000 Jobs Lost In April; Unemployment Rate Dips To 5% In Better-Than-Expected Performance.”
Wasn’t it John Mellencamp who insightfully wrote, “You make it hurt so good?” Sing it with me. The good news doesn’t stop there, either;
“Employers cut far fewer jobs in April than in recent months and the unemployment rate dropped to 5 percent, a better-than-expected showing. For the fourth month in a row, the economy lost jobs. But in April the losses totaled 20,000, an improvement from the 81,000 reductions in payrolls logged in March.”
Despite all the good employment news, “Job losses for both February and March turned out to be a bit deeper than previously reported. In April, construction companies slashed 61,000 jobs. Manufacturers cut 46,000 and retailers got rid of 27,000.”
All I needed was that gentle media assurance that the “U.S. Economy Surprises…in Better-Than-Expected Performance,” to ease my mind enough to appreciate the wisdom and promise of Republican economics.