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.