The Breakdown

Explaining Southern California's economy

An October Surprise on September jobs? Jack Welch thinks so

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48396 full

Business legend and — yes — tweeter Jack Welch is also, it seems, something of a conspiracy theorist.

When the surprising news that the U.S. unemployment rate had fallen from 8.1 percent to 7.8 percent Friday, the arrival of the lowest jobless number since 2008 prompted Welch to make certain accusations.

Here's the tweet that lit up the Twitters this morning:

Um, okay ... What really happened was that a bunch of part-time workers came into the labor force.

If that's an October Surprise, then the Obama administration is setting the bar pretty low. Chicago guys can dream bigger.

Welch will reportedly not be tweeting anymore Friday.

Follow Matthew DeBord and the DeBord Report on Twitter. And ask Matt questions at Quora.

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