Unemployment Rate

Jack Welch: White House Manipulated Jobs Numbers to Boost Re-Election Prospects

Former General Electric CEO accuses the president's men of cooking the books

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Former General Electric Chief Executive Jack Welch charged Friday that theWhite House manipulated the sharp drop in the unemployment rate to help President Obama's reelection campaign.

Minutes after the Bureau of Labor Statistics reported that the September unemployment rate had surprisingly plunged to 7.8% from 8.1%, Welch took to Twitter to say that the numbers were cooked to give Obama a boost following what many analysts said was a poor debate performance on Wednesday.