The former CEO of GE Jack Welch once claimed that job numbers were fake. How does that turn?

President Trump agrees that the number does not reflect the reality of unemployment, although he reached a completely different conclusion last week in determining the numbers that were “false” and “forged” not to represent the labor market. It was very angry at the Job Jobs report, which showed unemployment of up to 4.2 %, to the point that he decided that Fire Bls Erika Mcensarfer Friday.

I immediately thought about the reaction when the former CEO of Ge Jack Welch was tweet Its contempt for job numbers Under Obama’s administration in October 2012, Walsh, a lifelong audience, was skeptical that the unemployment rate had decreased to less than 8 % for the first time in four years with waving elections on the horizon. Tweet: “Incredible jobs numbers … These men will do anything in Chicago … he cannot discuss them until they change the numbers.”

GE was retired for more than a decade at that stage and had a lot of opinions as a column writer luck. However, there was anger that the leader of his position was to attack the safety of a non -partisan government agency and the integrity of the United States itself by noting that the basic economic data had been politicized. Weld to leave luck gig In the middle of a tweet.

But he did not retract his confirmation. “I am not the first person to question government numbers, and I hope I will not be the last.” books in Wall Street Journal The opening. The reaction that the Soviet Russia and the Communist China were facing. What he did not do, and a famous man who claims to reduce 10 % of GE’s workforce every year, does not call for the launch of the BLS Commissioner.

Communication CEO daily via Diane Brady in Diane.brady@fortune.com

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From the analysts

G on the Federal Reserve: “On Friday, the Soft Jobs report brought a filling from the dollar rally. Investors are now suspended 80 % on a rate of 25 basis points from the Federal Reserve in September,” according to Chris Turner and others.

Goldman Sachs on interest rates: “The reading of the American market at the press conference was faded on Wednesday in the background after the job report opened on Friday, a clearer path to the discounts,” Bir George Cole and others.

Goldman Sachs on GDP: “We expect GDP to grow at a 1 % annual pace in 2025Q3 and 2025Q4, with almost flat, flat, flat -sales and enhances the narrowing of the trade deficit and the apostasy in the accumulation of inventory,” at Jan Hatzius et al.

Jpmorgan on corporate profits: “With 65 % of the S&P 500 companies that have been informed of them, the season has so far been better than expected. 77 % of companies overcame 2Q profits (compared to 73 % AVG. Last 4QS …) and 76 % of revenue estimates (compared to 60 %).

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