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U.S. Department of Labor Reports Implausible Employment Data
Raymond Richman, 10/11/2012

Evidence that the U.S. Bureau of Labor Statistics of the Department of Labor may be fudging the data to help

Pres. Obama recover from the beating he took in the first debate between him and challenger Gov. Romney is

the latest report on unemployment insurance claims during the week ending October 6, 2012. It reported that

the number of claims seasonally adjusted decreased by 30,000  and this was the number that CNBC reported and

which all the media will report. The BLS also reported the actual number of claims filed, the unadjusted data, and

it showed an increase of 25,990. I know of no statistical process that could produce such a difference given the

fact that both adjusted and unadjusted data in the weeks preceding were close to one another and heading in the

same direction.


Jack Welch, former CEO of General Electric, last week expressed his belief that the BLS report that

unemployment had fallen from 8.3% of the labor force to 7.8% in the course of two months likewise required an

explanation. He wrote in an op-ed in the Wall Street Journal this morning, October 10th that the figure of 7.8% is

downright implausible, given the economic reports of a weak recovery. While he did not say that the government

was “cooking the books”, Prof.  Austan Goolsbee who served as chairman of Obama’s Council of Economic

Advisers, criticized Welch for his statement but he himself declared in 2003 that the G. W. Bush government

“cooked the books”.


I’m not saying that the Department of Labor “cooked the books” but they sure owe us an explanation.

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