Obamanation's economy has gone so far South that now they are bragging about a growth of 54,000 jobs in April - knowing full well that half of them came from a one day national hiring extravaganza at.............ta da! Mickey D's!!!!
Here's an article from yesterday's WeeklyStandard.com:
Half of Last Month's New Jobs Came from a Single Employer — McDonald's
Mark Hemingway
According to the unemployment data released this morning, the economy added only 54,000 jobs, pushing the unemployment rate up to 9.1 percent. However, this report from MarketWatch
suggests the data is much worse than that:
McDonald’s ran a big hiring day on April 19 — after the Labor Department’s April survey for the payrolls report was conducted — in which 62,000 jobs were added. That’s not a net number, of course, and seasonal adjustment will reduce the Hamburglar impact on payrolls. (In simpler terms — restaurants always staff up for the summer; the Labor Department makes allowance for this effect.) Morgan Stanley estimates McDonald’s hiring will boost the overall number by 25,000 to 30,000. The Labor Department won’t detail an exact McDonald’s figure — they won’t identify any company they survey — but there will be data in the report to give a rough estimate.
If Morgan Stanley is correct, about half of last month's job growth came from the venerable fast-food chain. That is hardly the sign of a healthy economy.
Coming next month --- report on the number of summer lifeguards hired at city and HOA pools in May!! Whee Doggies.... how 'bout that BO feller!
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