Sent to us by Market Daily News
ETF Daily News Staff: The headlines were promising this week. Some 320,000 jobs have been added to the mix and the November figures for unemployment proclaim to be holding steady at the relatively respectable rate of 5.8%. Since most Americans are guilty of only scanning the headlines before going about their day, the news of more jobs and no new spikes in the unemployment figures may have made them feel relieved, or maybe even hopeful that the sun was breaking through the clouds and America had finally dodged an economic bullet.
Two Sides to Every Story? Eh, Well Not So Much Anymore…
Unfortunately, these headlines, like most of the ones published now, are only part of the story. Journalists once took pride in presenting factual information about both sides of every issue. This helped to educate and inform readers, without attempting to push them toward one viewpoint or away from another.
Most journalism now, however, is based on opinion rather than facts and the major news networks are staffed with commentators and pundits who are paid to put a particular spin on the events of the day. With that in mind, let’s dig a bit deeper and look at a few recent headlines about important current issues affecting our economy and see if any important information might have been omitted.
The Economy is Looking Up…Really?
The previously mentioned jobs report was part of every major new network’s script in recent days and anyone reading the headlines might assume that America was finally getting back to work.
Unfortunately, these numbers do not take in the number of Americans who still cannot find suitable full-time employment and instead are forced to make ends meet by piece-mealing multiple part-time jobs. While technically employed, this part-time workforce does not recieve the benefits of full-time employment, and in many cases, these workers find themselves working more than forty hours each week in order to meet their basic income needs.
Called involuntary part-time workers, recent estimates from the Bureau of Labor Statistics
place this number at some
– See more at: http://marketdailynews.com/2014/12/10/news-from-washington-the-economy-is-improving-and-other-lies-they-hope-you-believe/#sthash.i9WEeWCS.dpuf