Fox Still Inventing Unemployment Rates To Attack Obama
Fox Business contributor Charles Payne furthered Fox's history of unemployment rate trutherism by declaring that the unemployment rate was actually "11½ percent." But despite Fox's repeated economic falsehoods, the unemployment rate has fallen to 7.8 percent by the measurement that government and economists have used for decades.
During a discussion about the automatic budget cuts that will take place in early 2013 if Congress fails to avert them, Fox & Friends co-host Brian Kilmeade declared that the so-called "fiscal cliff" could "send our unemployment rate over 10 percent to around 12 percent." Payne responded, "To be honest with you, it's already around 11½ percent."
In fact, by the standards the government has used for decades , the unemployment rate is currently 7.8 percent . But in an attempt to deflect  from dropping rates, Fox News figures have attempted to claim  that other, higher measurements are the "real" unemployment rate, including using a higher number known as the U-6 rate that does not actually measure unemployment.
Fox has also attacked  lower unemployment numbers as being somehow manipulated by the Obama administration to look good. Most recently, Fox played a lead role  in promoting the conspiracy theory that the 7.8 percent rate was "altered for political gain" in order to help Obama get re-election, despite the fact that economists agree  such an idea is "implausible" and a "fantasy."