Veteran economics reporters and columnists are strongly criticizing conservative claims that the unemployment data released by the Bureau of Labor Statistics Friday was manipulated to benefit President Obama politically, calling such allegations "implausible" and "unfounded."
Shortly after the BLS announced that the unemployment rate had fallen to 7.8%, former GE CEO Jack Welch tweeted, "Unbelievable jobs numbers..these Chicago guys will do anything..can't debate so change numbers." Welch's tweet was quickly highlighted by the Drudge Report. Since then, conservative media figures, including multiple Fox News personalities, have tried to cast doubt on the new jobs numbers.
But experienced financial journalists at outlets like The New York Times and The Economist say the contention that the new unemployment rate is fraudulent is not based on any valid proof.
"It is completely implausible to me that they would actively rig the thing to help Obama," said Joe Nocera, New York Times business columnist. "The guys are green eye-shaded career bureaucrats who have no particular vested interest one way or another in who wins the presidential election."
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