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Significant drop in US unemployment triggers controversy with former GE CEO

Friday, October 5th 2012 - 22:51 UTC
Full article 12 comments

The US unemployment rate fell last month to its lowest rate since January 2009, figures from the Department of Labour have shown, surprising analysts who had been expecting a small rise. Read full article

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  • mastershakejb

    Sadly, Jack's probly right. The gov has the ability to massage the numbers now, and then readjust the figures in coming months, and even years, to reflect the reality more accurately.

    Oct 05th, 2012 - 11:29 pm - Link - Report abuse 0
  • Also Add

    Not to mention the fact that Obama enacted QE3 just about a month ago, JUST to give a SLIGHT boost to employment just before election, which was shameful, and endangers our currency as the world reserve currency. He put his election before the long term outlook of the country, real piece of garbage.

    Oct 05th, 2012 - 11:31 pm - Link - Report abuse 0
  • Fido Dido

    “Sadly, Jack's probly right”

    He isn't probaly right, he is just right, but but but, since this is coming out off a corporate loud mouth and supporter of the other vulture “mittens romney”...he won't be taken serious. Meanwhile obama is laughing his ass off, because his supporters are thrilled include the pundits on M.S.M..
    Real unemployment numbers include underunemployed is around 23% and rising.
    www.shadowstats.com

    “Not to mention the fact that Obama enacted QE3 ”
    It's bernanke who enacted QE3 INFINITY.
    Q.E. is buying up worthless derrivatives against close to 0% interest rates from the TBTF (To Big To Fail) ZOMBIE banks zo that they continue to SPECULATE (Gamble reckless, loose money, be bailed out again, repeat and repeat till it's simply done) while the majority of people continue to watch Dancing with the stars, NFL, Idiols, etc etc and important still believe and vote for the same idiots over and over who are not representing the people but their corporate pimps all in the name of “free market”. Government for the people, by the people and with the people doesn't exist anymore in the U.S.

    Anyone who believes in Mittens Romney, O'bummer and the rest of the gang, get what they deserve.

    Oct 06th, 2012 - 01:41 am - Link - Report abuse 0
  • rylang23

    I'm amazed! I agree with every comment today.

    Oct 06th, 2012 - 11:57 am - Link - Report abuse 0
  • DanyBerger

    I guess the US need supper team good for nothing Patricia Fullrich, El Gil Lavereda and Paula BestTrola to enlighten Americans about private statistic. ha ha

    http://www.eltribuno.info/salta/Multimedios/imgs/164995_620.jpg?&v=4

    Oct 06th, 2012 - 01:07 pm - Link - Report abuse 0
  • Gringoinscz

    It's a certainty the numbers are massaged, but please, quote anybody but Jack My-Momma-Made-Me-The-Man-I-Am Welch. Just have him crawl back into his hole...............................

    Oct 06th, 2012 - 04:57 pm - Link - Report abuse 0
  • Ayayay

    The political affiliations of these staticians span all sides. These career public servants have served adminstrations both right to left.

    NYT:
    “The numbers come from a tiny survey with a margin of error of 400,000.
    Every month there are wild swings, and no one takes them at face value. The swings usually attract less attention, though, because the political stakes are usually lower. ”

    mobile.nytimes.com/2012/10/05/blogs/explaining-the-big-gain-in-job-getters.xml;jsessionid=4C24912D88C782E90476870A023CA385?f=19

    Oct 06th, 2012 - 07:08 pm - Link - Report abuse 0
  • Yuleno

    On what evidence and from where did Welch get his opinion.Does he want something from the republicans.I suppose it all came from anti- democrats.

    Oct 06th, 2012 - 09:53 pm - Link - Report abuse 0
  • toooldtodieyoung

    Austan Goolsbee, an Obama economic adviser, responded directly to Mr Welch, tweeting, “Love ya Jack but here you've lost your mind”.

    More anti-Obama rubbish. The republicans must be getting desperate, it's all rubbish anyway. Everyone with any sense will know that Obama is the man for the job right now. If Romney gets into power then his term will just be a five year long car crash.

    Oct 07th, 2012 - 04:24 pm - Link - Report abuse 0
  • Tompaine

    Jack Welch and GE - GE is just another US corp that doesn't pay any taxes. Of course Welch as an extremely wealthy former CEO who paid less taxes than his secretary. Wonder why he'd support Robme (Romney?)

    Oct 07th, 2012 - 08:19 pm - Link - Report abuse 0
  • DanyBerger

    “RobMe” ha ha very creative...

    Oct 08th, 2012 - 06:51 am - Link - Report abuse 0
  • British_Kirchnerist

    #3 “Anyone who believes in Mittens Romney, O'bummer and the rest of the gang, get what they deserve”

    I agree, but I still hope Mr RobMe Romney loses, and if these good figures help, so be it - unemployement would only get worse under the man from Bain Capital

    Oct 11th, 2012 - 05:16 pm - Link - Report abuse 0

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