JOURNAL ARTICLE

Former General Electric CEO Jack Welch once claimed the jobs numbers were faked. How did that turn out?

  • Published In: Fortune.com, 2025. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Brady, Diane 3 of 3

Abstract

The article discusses the controversy surrounding employment statistics in the U.S., particularly focusing on President Trump's claims that job numbers are manipulated and "phony." It highlights Trump's frustration with the July jobs report, which showed an increase in unemployment, leading to his decision to fire BLS Commissioner Erika McEntarfer. The piece also references former General Electric CEO Jack Welch's skepticism about job numbers during the Obama Administration, noting his criticism of the integrity of government data and the backlash he faced for his comments. The article emphasizes the complexities of measuring unemployment and the differing perspectives on the accuracy of these statistics. [Extracted from the article]

Additional Information

  • Source:Fortune.com. 2025/08, pN.PAG
  • Document Type:Article
  • Subject Area:Biography
  • Publication Date:2025
  • Accession Number:187146561
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