Fox News is scrambling to respond to yet another positive economic indicator after the Bureau of Labor Statistics published a jobs report for July that far exceeded expert forecasts. In response to data showing that the American labor market is even stronger than expected, Fox quickly pivoted to hyping inflation and the looming threat of recession, lying about gas prices, and complaining that more workers haven’t reentered the job market.
On Friday, August 5, the BLS published its preliminary monthly jobs report for July showing that the economy created 528,000 new jobs last month as the average national unemployment rate ticked down to 3.5%. The strong monthly job creation was more than double what economists had predicted and marked the 19th consecutive month of positive job growth for the U.S. Crucially, the report showed that the economy has regenerated all of the jobs lost during the Trump administration at the onset of the COVID-19 pandemic. The robust jobs numbers for July were coupled with positive revisions to strong reports for May and June, which revealed the economy created 28,000 more jobs than previously reported.
According to the report, American workers have also enjoyed a 5.2% increase in average earnings over the past 12 months, another economic indicator that came in above expert forecasts.
But while this overwhelmingly positive July jobs report is largely being celebrated by economists, it was instead cause for concern at Fox News. Rather than talking honestly about what the report revealed, or amending the network’s talking points to accept the reality of a strong labor market, Fox opted to simply lie about the state of the economy.
During an appearance on Fox & Friends, Fox Business host Charles Payne attempted in vain to throw cold water on the data, pivoting to partisan talking points about inflation and supposedly lagging labor force participation to deflect from the topline numbers: