Joe Scarborough and Willie Geist both express skepticism over the “major tickdown to 7.8 percent” in the unemployment rate from the addition of only 114,000 jobs — which isn’t enough to keep up with population growth. Mark Halperin offers an interesting theory based on a tweet from Jack Welch:
That’s been retweeted over 1500 times so far, which demonstrates that (a) Welch has a lot of followers on Twitter — over 1.3 million — and (b) more than a few people are puzzled about this jobs report. Scarborough and Geist are right to express skepticism, but it doesn’t have to be a conspiracy theory to say that the numbers don’t make sense. CNBC’s senior economics reporter said the same thing in his analysis this morning, too.