Originally Posted By: ht2
Jack Welch, Former GE CEO thinks job report may have been manipulated.

http://blogs.wsj.com/marketbeat/2012/10/05/jack-welch-i-wasnt-kidding/


I saw him on tv backtrack on his comment, saying he should have posted a question mark at the end of his tweet. I am quite familiar with jack welch because he was one of the guys who we analyzed extensively in business school.He needs to keep his mouth shut IMO considering he's the godfather of shipping jobs overseas. He has no credibility on this topic.

The BLS is an extremely credible agency, if the numbers were being fudged wouldnt it make more sense for it to be around 5-6% instead of almost 8%? If one reads the actual report (as opposed to news articles on it) you will see the numbers are very credible

Last edited by Dapper_Don; 10/06/12 12:08 PM.
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