PeakMetrics analyzes billions of news and social media data points to spot narratives early and forecast trends in online culture.
Monitor for mentions across news, blogs and more.
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Using PeakMetrics data we breakdown how many articles/podcasts/broadcasts discuss "jobs", "employment", "raises", and "wages" broken down by the political lean of the publishing organization (as classified by NewsGuard).
We count those articles each month by the Far Left, Slightly Left, Slightly Right and Far Right outlets and index that count by that category’s Dec 2020-Feb-2021 average (setting the average of the base period to 100).
Using PeakMetrics data we breakdown how many articles/podcasts/broadcasts discuss "inflation" or "costs" broken down by the political lean of the publishing organization (as classified by NewsGuard).
We count those articles each month by the Far Left, Slightly Left, Slightly Right and Far Right outlets and index that count by that category’s Dec 2020-Feb-2021 average (setting the average of the base period to 100).
Despite the highest inflation in 40-years, real wages are higher than pre-pandemic as of May 2022. Real wages in May 2022, as calculated by the ratio of Avg. Hrly Earnings to CPI, is actually up 1.4% since Jan 2020.
Average Hourly Earnings are of Production and Nonsupervisory Employees, Total Private, which Paul Krugman used in his Jan 25th op-ed discussing the inflation narrative.
Source: U.S. Bureau of Labor Statistics
U.S. Poverty Rates by race and ethnicity 2013 - 2020: The following data is from the U.S. Census Bureau's Current Population Survey Annual Social and Economic Supplement (CPS ASEC).
More info here.
#poverty #inequality
Source: U.S. Census Bureau
Discussion of inflation by outlets/sites/authors of all political orientations has increased. However, the Far Right media and Slightly Right media have increased their coverage of inflation more than the Far Left and Slightly Left, especially since the turn of 2021 when President Biden took office.
At its peak in March 2022, the Far Right was talking about inflation 2.4 times the rate they were Dec 2020-Feb-2021 while the Far Left was talking about inflation 1.5 times the rate they were in Dec 2020-Feb-2021. The period Dec 2020-Feb-2021 was chosen as the base because it’s roughly half before and half after Biden’s inauguration.
Source: PeakMetrics
More positive economic terms like “employment,” “jobs,” “raises,” and “wages” were actually talked about disproportionately less frequently by the Far Left in June, July, and August of 2021, but disproportionately more since December 2021. This while all other political orientations talked about it less than they did Dec 2020-Feb-2021.
Despite how critical inflation and unemployment are - we’re experiencing the highest inflation in 40 years and we’re just 10 basis points above the lowest unemployment in 50 years - the manner in which outlets with different political orientations talk about the economy changes over time. The data suggests that outlets aligned with the party in power focus on the positives yet minimize the negatives while those not aligned with the party in power do the opposite.
Source: PeakMetrics
Mentions of inflation have leveled off since March 2022, with readings of 17% or 18%, after increasing throughout the fall and winter months.
They remain relatively high compared with recent history but have been higher in the past, including 52% in October 1981, 49% in January 1982 and 31% in April 1982, around the time inflation was last at its current rate. Inflation had been named by an average of 1% of Americans between 1990 and 2021.
#inflation #economy
Details at Gallup
Americans are most worried about inflation
Share of Americans by political affiliation who said each issue was among the most important facing the country
Based on FiveThirtyEight/Ipsos survey conducted April 27-May 5, 2022, among a sample of 2,006 adults that was weighted to match the general population. Respondents could select up to three issues.
Source: FiveThirtyEight, Ipsos
How people feel about the direction on economy appears relatively partisan - with democrats tending to feel it is "Getting Better" more than republicans until the Obama-Trump transition, only to feel like it is "Getting Better" more than republicans again once again shortly after the Biden inauguration.
Source: Civiqs
Using PeakMetrics data we breakdown how many articles/podcasts/broadcasts discuss "inflation" or "costs" broken down by the political lean of the publishing organization (as classified by NewsGuard).
We count those articles each month by the Far Left, Slightly Left, Slightly Right and Far Right outlets and index that count by that category’s Dec 2020-Feb-2021 average (setting the average of the base period to 100).
Using PeakMetrics data we breakdown how many articles/podcasts/broadcasts discuss "jobs", "employment", "raises", and "wages" broken down by the political lean of the publishing organization (as classified by NewsGuard).
We count those articles each month by the Far Left, Slightly Left, Slightly Right and Far Right outlets and index that count by that category’s Dec 2020-Feb-2021 average (setting the average of the base period to 100).