Quote:
Originally Posted by Rupert Pupkin
Here is why Welch is extremely skeptical about the job figures:
http://online.wsj.com/article/SB1000...pinion_LEADTop
By the way, it is not unusual for people on both sides of the aisle to be skeptical of these reports. Back in 2003, Austan Goolsbee, former chairman of the Obama administration's Council of Economic Advisers, commenting on a Bush-era unemployment figure, wrote in a New York Times op-ed: "the government has cooked the books." |
I think they do it to avoid panic and deepening of the recession. If they report the real numbers they are afraid people will go on lockdown with their wallets which will make things worse and cause more unemployment. That is just my 2 cents.