Jack Welch Calls BS On Unemployment Rate

[Taxcutter]

Jack Welch knows a good deal more thananybody in the Obama junta about economics. He clearly thinks the BLS claim of 7.8% unemployment is a lie.

http://online.wsj.com/article/SB10000872396390444897304578046260406091012.html?m od=WSJ_Opinion_LEADTop

Quote:
“I sat through business reviews of adozen companies last week as part of my work in the private sector, and not onereported better results in the third quarter compared with the second quarter.Several stayed about the same, the rest were down slightly.”

“…I doubt many of us know anybusinessperson who believes the economy is growing at breakneck speed, as itwould have to be for unemployment to drop to 7.8% from 8.3% over the course oftwo months.”

“…the overall employment level, which is143 million people today, compared with 146 million people in 2007.”

Taxcutter says:
To be blunt the BLS numbers are aflat-out lie.

[roadmaster]

It is a lot higher.

[Cigar]

This is the first time in history that the BLS decided to Lie!

It's because Obama is Black

[bladimz]

Give it up. Jack Welch's twitter comment was his opinion and lacking any link to factual information. What grew out of his tweet morphed immediately into an instant "Obama conspiracy". Very popular among the righties, but still totally unfounded.

Tell ya what: I'm gonna tweet that "Jack Welch was totally, outrageously wrong and needs to be tested for dementia." (Is that 140 characters?) Does that make it true?

[coolwalker]

This is the first time in history that the BLS decided to Lie!

It's because Obama is Black

There you go again with the Negro thing. Get over yourself and your color. American blood is red, not white or black. You are a racist and just won't admit it.

[waltky]

If only the unemployment rate were the same for everyone...

Unemployment Rate Drops Again for Government Workers—Hitting 4.2%
November 2, 2012 - The unemployment rate in the government sector continued to decline in October, dropping to 4.2 percent, according to the Bureau of Labor Statistics.

As recently as July, the unemployment rate for government workers was 5.7 percent. But in August that dropped to 5.1 percent, then in September to 4.3 percent, and then in October to 4.2 percent. The overall unemployment rate for October was 7.9 percent.

Although the actual number of civilian federal government workers declined from September to October, dropping from 2,810,000 to 2,804,000, it has increased since January 2009 when President Barack Obama took office. At that time, there were 2,790,000 civilian federal workers.

The total number of civilian federal government employees includes employees of the U.S. Postal Service, a federal agency that has undergone significant contraction in its labor force since January 2009. At that time, the Postal Service employed 728,700 people. In October, it employed 607,400, a decline of 121,300 employees.

But the drop in employment by the Postal Service was more than made up by an increase in civilian employment by other federal agencies. In January 2009, the federal government employed 2,061,700 non-Postal Service civilian employees. In October 2012, it employed 2,196,600 non-Postal Service civilian employees, an increase of 134,900 employees.

Source