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Job Growth Slows Sharply. No Big Deal on Fox!

Reported by Melanie - July 2, 2004 -

On Your World w/Neil Cavuto today (July 2, 2004, 4:00 p.m. ET), the order in which topics were presented was most interesting.

This morning the Labor Department released employment numbers for the month of June. 112,000 jobs were created, whereas Wall Street had expected the creation of anywhere between 230,000 and 250,000 jobs. There was alarm all over the place.

CNBC mentioned it continuously throughout the day. The headline on the Wall Street Journal's website reads US Jobs Growth Slowed Sharply (I couldn't get to the article itself because it's by subscription only); the New York Times' headline is After Months of Gains, US Job Growth Slows Sharply in June; and the Washington Post's headline is June Job Growth Less than Expected.

This information is not good news for the country and it's not good news for George Bush.

Your World is a business show. Today, with this important economic information swirling around all things business and all things economic, the first eight minutes (a long time in TV land) of Your World was taken up with a discussion about Bill Cosby's remarks last night at the Rainbow/PUSH Coalition meeting in Chicago.

At 4:20 p.m. ET, the job numbers were finally discussed with Treasury Secretary John Snow as Cavuto's guest. (I wonder why he didn't have the Labor Secretary, Elaine Chao?)

COMMENT: First, issues pertaining to the African-American community are very, very rarely seen on Cavuto's show. Second, even if John Snow couldn't appear at the top of the show, that's no excuse for this not being the headline segment. Unless, of course, Fox might have thought it best to act nonchalant, down play it, and make it appear insignificant, lest their viewers become alarmed that Bush might be having problems keeping his grandious promises of job growth.