>> the unemployment rate has fallen who its lowest level since i took office. >> this is excellent news. >> it's definitely a good day for the american economy. >> 7.8. >> 7.8. >> there's no way that's right. >> there are some people out here who don't like this number. >> the harsh back and forth. >> over today's jobs reports. >> now we've sea got jobbers. >> business pioneer jack welch calls these numbers into question. >> these numbers don't smell right. >> jack welch was a successful businessman. >> this is about asking questions. >> on this subject he has absolutely no idea what he's talking about. congressman west, take it away. >> you can't deny the numbers. >> don't challenge my intelligence. >> there's not a shred of evidence they've ever manipulated this number. >> people have stopped looking for work. >> more and more people have just stopped looking for work. >> that is definitely not the case. >> completely wrong. >> people are not giving up.