Truth Behind the Numbers? Unemployment Drops to 7.8 Percent But Not Everyone Is Convinced
The latest jobs report brought the unemployment rate down to 7.8 percent, the lowest since President Obama took office. Unemployment dropped from the August rate of 8.1 percent as employers added 114,000 jobs. While this report comes as good news for the economy and President Obama, others are more skeptical.
Ann Coulter joined America’s Election HQ to weigh in on what the numbers really mean. She said, “I’m not an economist, but it is noticeable that a lot of economists are saying this isn’t possible, you needed a lot more than 114,000 jobs.”
However, the numbers don’t matter says Coulter, because, “People know they’re out of work, they know
they’re in jobs that they’re way overqualified for, that they’re working part-time. So many people are going out of business or are under-working, 23 million unemployed. What difference does it make to them what the number is?”
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Former chairman and CEO of GE, Jack Welch had his doubts on Your World this past week. He told Neil Cavuto, “I don’t know what the right number is, but I’ll tell you, these numbers don’t smell right when you think about where the economy is right now.”
Welch tweeted after the numbers came out:
https://twitter.com/jack_welch/status/254198154260525057
Coulter added, “I think the Obama administration knows it can put out phony numbers and the only place you will find that out will be Fox News and talk radio, which will be dismissed as right-wing radio.
