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Jack Welch Could Help Improve U.S. Jobs Data

Oct. 10 (Bloomberg) -- Last week, after the U.S. Bureau of Labor Statistics announced an unexpected decline in September’s unemployment rate, former General Electric Co. Chief Executive Officer Jack Welch questioned the credibility of the data.

In an attempt to influence the presidential campaign, he suggested, the Obama administration must have manipulated the bureau’s report, which showed the jobless rate at 7.8 percent, a statistically significant drop from 8.1 percent in August. “These Chicago guys will do anything,” Welch wrote in a Twitter message, “can’t debate so change numbers.”