Half of Last Month's New Jobs Came from a Single Employer — McDonald'sAccording 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:
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.
787 billion dollars and 3 years later and the stumlus bill added 25,000-30,000 jobs at McDonald's.
The US added just 54,000 jobs in May, confirming fears that the recovery of the world’s largest economy has stalled.
The rise in payrolls was far smaller than the 165,000 forecast by economists in a Bloomberg poll, and also well below this year’s average monthly gain of 182,000. The unemployment rate rose by a 10th of a percentage point to 9.1 per cent
I read yesterday when the average per dollar wage is now down to $8.35 hour.
That's fail.