Jack Welch Accuses White House of Cooking the Unemployment Numbers

Political charges flew on Friday following the unexpected drop in unemployment rate by three-tenths of a percent.

Former GE CEO Jack Welch led the way with a Tweet “Unbelievable jobs numbers..these Chicago guys will do anything..can’t debate so change numbers“.

In two of the last three months the unemployment rate fell solely because of people dropping out of the labor force. This past month, people came back in the labor force but part-time hiring and government hiring went up even more.

Part-Time employment went up by 582,000 as noted in my report September Jobs +114,000; Unemployment Rate 7.8%; Part-Time Workers +582,000; Initial Reaction and Election Impact.

Government hiring went up by 187,000 in September, something I failed to mention yesterday. 

Read more at townhall.com

  • Matthew

    WHOA! WELCH SAYS OBAMA’S COOKING THE BOOKS!

  • Marge

    Corruption everywhere!!! Time to Go “O”.

  • Margaret Nahmias

    hmmm I would not got that far but I still consider it an inaccurate number as it is measured now.

  • Mutt

    Of course Welch is correct. The numbers are obviously phony, even using the most basic of methods. You can’t add just over 100K jobs (mostly part-time by the way), a number that fails to keep up with population growth, yet claim a reduction in unemployment – while the labor participation rate continues to weaken. It’s not even good smoke & mirror arithmetic, and it’s embarrassing to put it out.

  • http://twitter.com/Bobphiladelphia Bob F.

    What else is new?? EVERYTHING this Regime says is a Lie or coverup, and EVERYTHING they do ends up a FAILURE. They are all LYING/LOSERS

HUMAN PROBLEM: Despicable Stench of Our Pride
Israel, Palestine: Choosing Sides in War Between Good and Evil
Load more