Half of Last Month's New Jobs Came from a Single Employer — McDonald's

[Ban Hammer 13,352]

To each his own. I like to dig a little on issues that I interest me.

found oil yet?

[Pooky 3,787]

found oil yet?

No, just a couple of old bones and a shoe that a dog buried in his back yard

[Gary and Alla 3,694]

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.

http://www.weeklystandard.com/blogs/half-last-months-jobs-came-single-employer-mcdonalds_573220.html

But it was unexpected, so it is OK

That's actually false. The Weekly Standard ought to know better. The economy - as in private businesses - added some 83,000 jobs. The government - at various levels - meanwhile slashed 29,000. That leaves a net gain of 54,000 jobs for the country. But the Weekly Standard cannot make the point that private sector employment is growing and government payrolls are shrinking. That would be an accurate assessment but it would clearly go against everything they want to preach - that being that the only jobs created are government jobs. Well, what to expect from Kristol and Co?

Oh thank goodness. I thought it was bad news.

[Gary and Alla 3,694]

The gov't has been slashing payrolls for all of 2010 and all the way thus far this year. Each employment report for the past 15-18 months has the same story - private sector adds, government slashes. You wouldn't know that listening to the reality divorced crowd over at the GOP propaganda organ FNC.

Now THAT is good news. If this continues we will have a capitalist society.

[Mr. Big Dog 10,747]

Now THAT is good news. If this continues we will have a capitalist society.

Government employment has been shrinking relative to the size of the population for decades. Don't tell anyone. The right wing nuts will get all confused as they are fed a different story each and every day.

[Gary and Alla 3,694]

Government employment has been shrinking relative to the size of the population for decades. Don't tell anyone. The right wing nuts will get all confused as they are fed a different story each and every day.

When it shrinks to the the point that it is difficult to find anyone that works for the government, WE WIN!

Edited June 5, 2011 by Gary and Alla

[Mr. Big Dog 10,747]

When it shrinks to the the point that it is difficult to find anyone that works for the government, WE WIN!

Well, check out Somalia. There you'll have a hard time finding anyone that works for the government. And what a paradise they have going over there...

[Robby999 1,024]

Looks like that Obama Care waiver paid of for McDonalds!

[Robby999 1,024]

Looks like that Obama Care waiver paid off for McDonalds!

Sorry for the double post here, had to fix a typo!