The Wall Street Journal ran the following video-report on the day the BLS published the statistic,
"Is 7.8% Unemployment Legit?"
A month before the election, after a losing debate, the Democrats are trumpeting the good news.
The most controversial response to the 7.8% statistic was Jack Welch, former CEO of General Electric, who tweeted: "Unbelievable job numbers . . . these Chicago guys will do anything. . . can't debate so change numbers."
Welsh has been taking heat ever since. Chris Matthews on Welch:
Today, Welch responded to people who, he said, "would like me to pipe down." See his WSJ editorial at this link: Welch: "I was right about that strange jobs report"
Welch in on Fox Video at this link: Welch on Cavuto
Among explanations I've heard for the number are a statistically anomalous sample and spiking seasonal part-time employment. The last pre-election date for the release of unemployment statistics by the BLS is November 2.