CNBC, Bloomberg Businessweek, WaPo Claim Too Many Jobs is Bad for Economy | NewsBusters

CNBC, Bloomberg Businessweek, WaPo Claim Too Many Jobs is Bad for Economy | NewsBusters: "Bloomberg Businessweek, The Washington Post’s Wonkblog, and a guest on CNBC all claimed that the jobs report was “not too hot, not too cold.” This is called the “Goldilocks effect,” after the classic childhood story. The argument was that if the jobs report is too good, the Federal Reserve will speed up the taper, which would “trigger a sell off in bonds,” according to the Bloomberg Businessweek article.

Some economists disagreed and said the media were trying to create a story where there is none.

“They have a boring jobs report, and they want to write about it,” said Dr. Salim Furth, Senior Policy Analyst in Data Analysis at the Heritage Foundation."



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