Detailed text transcripts for TV channel - MSNBC - 20121007:

Detailed text transcripts for TV channel - MSNBC - 20121007:11:08:00

very large jobs number in the household survey is an outlier, it's unusual. these things happen. that number has a large margin of error around it. the bureau of labor statistics are very public about that. >> these are nonpoliticians, absolute bureaucratic government surveys is. >> that's the point. it wasn't that jack welch was raising a question or there was an outlier in the data, he argued, very clearly, that the white house had a thumb on its scale, entering a political bias into the print on the bls numbers. >> that's what he tweeted. that's what he initially tweeted. now he's come back from that and says he simply has questions. go ahead. >> that's an outrageous allegation and it's an allegation that strikes at the heart of a statistical agency with a tremendous amount of integrity. i've worked at both the white house and the department of labor. the fire walls between them are extremely thick. the data processing, the analysis, the reporting are incredible rigorous and careful. this is a number that moves markets.

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