Nets Lead w/ 'Awful' Economic News, Not So Excited About Job Gains

When the Labor Department reported a net loss of 4,000 jobs for August, the September 7 ABC, CBS and NBC evening newscasts highlighted the bad news as evidence of an impending recession, but on Friday, when the Bureau of Labor Statistics announced a strong gain of 166,000 jobs during October, double expectations, ABC and CBS gave it a few seconds while NBC ignored the good news entirely. What all three did lede with was how bad a day it was on Wall Street and painting it as a harbinger of impending economic doom. NBC anchor Brian Williams piled on the bad news as he insisted he took “no pleasure” in highlighting it. With “DANGER SIGNS” on screen, Williams announced: “Good evening. The following sounds pretty awful -- and we take no pleasure in reporting it -- but today Wall Street fell, the U.S. dollar fell, GM is in bad shape and the housing market continues to be in big trouble.”...

http://newsbusters.org/blogs/brent-baker/2007/11/08/nets-lead-w-awful-economic-news-not-so-excited-about-job-gains