Class Warfare Blog

October 5, 2012

WTF? The Labor Department “Cooked” the Unemployment Numbers?

Filed under: Politics — Steve Ruis @ 8:24 pm
Tags: , ,

The monthly unemployment numbers were announced with the unemployment rate dropping to a recent low of 7.8% resulting in an immediate outcry from conservatives that the numbers were made up, “cooked.” The most prominent of these critics was former G.E. CEO Jack Welch.

I just saw two economists interviewed on the PBS Newshour show earnestly being asked “Golly Gee, can the unemployment numbers be cooked up?”

WTF? How about some skepticism here. Doesn’t anybody ask whether a long retired business executive is in a position to address such a subject. How the hell would he know anything about how this month’s numbers were arrived at? Did he have an opinion last month or any previous month? Does he have a track record as a critic of government labor statistics?

Or is he just a blowhard?

Why do we take seriously people who are just blowing smoke?


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