Here's a little secret. Journalists almost never have enough depth of knowledge to be taken seriously. They report the news. They are incapable of interpreting it.
Case in point. The unemployment rate ticked up yesterday while companies simultaneously posted fewer jobs. I read a story where the writer actually argued that this is a good thing. But it's not. It never is. Ever.
You see. An expanding economy is a good thing and a shrinking economy is a good thing. However, for an economy to expand it needs employees to fill all the new jobs. Shrinking job openings and an increase in people hunting for jobs means the economy is shrinking, not expanding.
Now those data points (unemployment and job postings) are early indicators. So we should monitor them closely. We should not say the economy is shrinking. We should not say it is continuing to expand. We should say it looks like something might be happening. Let's verify.
When journalists are reckless we all lose. Journalists should report new from experts and stay out of speculation.
