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Fox News Struggles to Spin Yet Another Bad Jobs Report
['Malcolm Ferguson', 'Edith Olmsted', 'Hafiz Rashid', 'Ellie Quinlan Houghtaling']
New Republic
“Twenty-three thousand jobs lost in the month of July,” Maria Bartiromo continued before turning to investor Louis Navellier.
“Louis, you wanted a weak report and you got it.
Many of the jobs lost were in local government and leisure and hospitality—real jobs that real people, who are already dealing with slowed wages and rising inflation, work.
Instead of focusing on their material reality, Navellier framed the weak jobs report as good because massive corporations like Palantir were still benefiting.
“When Palantir announced their earnings, they basically had record earnings by decreasing their sales force,” he said.