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FBN's Peter Barnes on Rep. Issa's plans to hold hearings on Friday's unemployment numbers.
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We have more of the breaking news we brought you earlier this hour after last week's monthly jobs report raised eyebrows one lawmakers had it Peter Barnes with some breaking news Washington -- Products right Dennis we've -- -- -- on Capitol Hill whether anybody wanted to hold hearings on this issue and look into this as you know the unemployment rate went down unexpectedly.
For September.
From eight point 1% to seven point 8%.
Lot of economists saying there that must have been some statistical fluke or something like that and -- called into question the Labor Department's methodology for.
Collecting the data and calculating the unemployment rate will now the top Republican.
The chairman.
Of the house oversight and Government Reform Committee Darryl I -- says he wants to hold hearings into the matter take a listen.
We very much intend to work every day.
Through the November and December time.
To get these kinds of things done were hoping that that's a good non -- time and this is an issue where I think our committee.
Has important jurisdiction to make sure we get it right.
And I -- was talking -- -- colleague Greta Van Susteren about this issue and now -- so says that he's worried about the constant revisions and the unemployment numbers the significant revisions as he says and he says quote that this tells us it's not as exit and is as inexact -- science as it needs to be and there's got to be a better way to get those numbers -- -- -- Peter you know billions of dollars -- on the market based on numbers that are not an exact science apparently.
And I imagine ice is -- more exercise about this because of this surprise today with a big plunge in jobless claims and maybe they left out some results from California.
We we have not talked down about the numbers today on the weekly on unemployment claims the jobless claims but we are getting back to his staff to see if he is interested in including that in his -- his investigation you know be brilliant just in to see why -- that data -- make -- the report thereby artificially low ball and that claims number this --
