“It is also important to understand the way the data for the survey are compiled and published. The survey involves hundreds of people at various stages in the process of collecting and compiling the data. Even if Galvin or some other top official in the bureau wanted to lie about the numbers, they couldn't possibly do it alone. Suppose they just changed the unemployment rate from a "true" rate of 8.1% to a bogus 7.8% rate. They would have the problem that this 7.8% number was inconsistent with the data on unemployment rates for whites and African-Americans. Or it would turn out to be inconsistent with the data on unemployment for young people and old people. If the perp just changed the overall unemployment rate, hundreds of experts would quickly find that numbers did not add up. The drop in the unemployment rate would not be consistent with other data in the survey. This would be easily detected. In order to successfully manipulate the data, it would be necessary to change hundreds of numbers that get reported each month. This would require the cooperation of dozens of top people at the Bureau of Labor Statistics. Maybe in Welch's world, it is possible to go around with a big wad of money and buy off people at the drop of a hat, but the idea that someone from the Obama administration wandered through the top echelons of the Bureau of Labor Statistics to buy their cooperation in fixing the unemployment numbers is absurd on its face. Perhaps someone could be found who would be willing to be bought, but the rest would be singing their story on the national news.”
http://www.cnn.com/2012/10/10/opinion/baker-welch-unemployment/index.html?hpt=hp_t3
I thought this was obvious.
Go figure.