Former GE CEO Tweets Job Numbers Theory; Critics Pounce

Former General Electric CEO Jack Welch caused a Twitter tempest Friday morning when he floated a conspiracy theory about the better-than-expected job numbers.

Welch wasn't the only one to express skepticism about the figures, which showed unemployment to be at 7.8%, the lowest level in almost four years. "It's a little confusing, to be honest with you. The number of jobs created wasn't that high but the unemployment rate came down and the participation rate went up a little bit, so it's confusing," Ron Florance, managing director of investment strategy for Wells Fargo in Scottsale, Ariz., told Reuters. "All in all, it doesn't change the trajectory of what the jobs environment has been r…
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