Network Sunday Shows All Ignore Strong Jobs Report And Record Stock Surge

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from Media Matters,

When Good News Is No News For Obama.

When is the U.S. economy not a topic worth addressing on the Sunday morning talk shows? Apparently when there’s lots of good news to discuss.

At least it seemed that way this past Sunday when all four of the network Sunday morning talk shows ignored last week’s surprisingly strong jobs report, which indicated nearly 300,000 news jobs were created in the month of June. Consequently, the unemployment rate fell to 6.1 percent, the lowest level since September 2008.

The jobs surge meant America had logged its highest January-through-June job-growth rate since 1999. (The U.S. has added 1.4 million jobs since December, making it the best half-year since the recession ended.) And over the past 52 months of jobs growth, businesses have created nearly 10 million jobs.

Also ignored by all the Sunday hosts and guests was the fact that the Dow Jones stock exchange on Thursday for the first time surpassed the 17,000 mark, “another in a string of records for the index that has lifted portfolios in a five-year bull market for stocks,” according to the Associated Press. Indeed, “The Dow has climbed more than 10,500 points since its Great Recession low of 6,547.05 on March 9, 2009.”

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