White House advisors are warning not to focus only on oil prices and panic; employment and the stock market are actually supporting wages. The media's old problem of selective reporting.

White House Economic Advisory Council Director Hassett stated that the media often focus economic news on the most severe issues at a specific point in time. He pointed out on "This Week" that once consumer price data is slightly disappointing, the media only talks about that, involving oil prices and inflation. He called for attention to the overall picture and real wage changes, rather than just energy price fluctuations, noting that job growth, stock market gains, and improved corporate profits are driving wage increases.