I don't know about you, but when Jack Welch has questions about things, I listen to what he's asking. After all, the guy's not just some hack on the Intarweb. He probably knows a few things, and a few people, and he's done some amazing things in this lifetime. And some stupid ones (involving women). But in this case, I'm willing to bet that he's onto something.
So here he explains what he was talking about when he tweeted about a conspiracy in the jobs numbers last week. What's remarkable here is that we've come to accept this kind of statistical hoohaa as normal. Of course the jobs numbers didn't improve last month, but who's to say???????
Nope, you can have your own opinion, but you can't have your own facts. Once we dig down on these numbers, it appears that the bias shows through easily.
Enjoy.
UPDATE: As of 10/17/12 or even earlier, it turns out that revisions were announced to the "low" numbers. It seems that some folks hadn't reported all of their numbers for new job claims or something that week. Surprised? No.
