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Steep drop in jobless rate spawns conspiracy

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Eight days before the unemployment rate is made public, the bureau’s office suite goes into lockdown. Tom Nardone, a 36-year veteran at the agency who oversees preparation of the report, keeps crucial papers in a safe in his office.

A big reason for the security has nothing to do with politics. The data could move financial markets if it were released early.

“These are our best-trained and best-skilled individuals,” Labor Secretary Hilda Solis said on CNBC. She called the claims of manipulation “ludicrous.”

The BLS, the statistical division of the Labor Department, collected and analyzed data and calculated the unemployment rate before Wednesday night’s presidential debate.

Joel Naroff, president of Naroff Economic Advisors, said that it’s “not that unusual” for the rate to move by three-tenths of a percent in one month. It’s happened 12 times in the past 10 years.

“In other words, at least once a year, you should expect that large a move,” he said in an email to clients. It last happened 20 months ago, “so we were overdue. That is just the reality of the data.”

Romney didn’t discredit the government data. But plenty of conservatives did that work for him.

Conn Carroll, an editorial writer at the Washington Examiner, tweeted: “I don’t think BLS cooked numbers. I think a bunch of Dems lied about getting jobs. That would have same effect.”

Rick Manning, communications director of Americans for Limited Government and the former public affairs chief of staff at the Labor Department, said “anyone who takes this unemployment report serious is either naive or a paid Obama campaign adviser.”

Rep. Paul Broun, a Maryland Republican, weighed in with a statement saying the report “raises questions for me, and frankly it should be raising eyebrows for people across the country.”

Economists offered more plausible reasons for skepticism. A big chunk of the increase in employed Americans came from those who had to settle for part-time work: 582,000 more people reported that they were working part-time last month but wanted full-time jobs.

Conspiracy theories are nothing new for Obama. He has been dogged by discredited claims that he wasn’t born in this country and that he is Muslim.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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