Originally Posted by ChiTown
NEW YORK (CNNMoney) -- The big drop in the unemployment rate a month before the presidential election brought cries of disbelief and conspiracy theories from Jack Welch and other critics of the Obama administration Friday. But the Labor Department was quick to dismiss such claims.
"Unbelievable jobs numbers..these Chicago guys will do anything..can't debate so change numbers," tweeted Welch, the former CEO of General Electric (GE, Fortune 500).
The unemployment rate fell to 7.8% in September, down from 8.1% a month earlier. The drop was due to the Bureau of Labor Statistics' survey of households showing that 873,000 more people had jobs than in the previous month. That was the biggest one-month gain in more than nine years.
Since when is this an "official" metric? Oh, it added nearly one million jobs. The dumbasses gobble this BS up instead of looking at total employment.
The markets don't believe this BS either.