90% of New Jobs Are Courtesy McDonalds

May 6, 2011 By 3 Comments

NFP: + 244,000
Unemployment: Up at 9%
Business Birth Death Adjustment: +175,000.

So 175,000 of the 244,000 number is made up BS, and the ACTUAL number of reported jobs is + 69,000 for April. 
Hmm.  It seems we remember reporting that McDonalds hired 62,000 in April during a national hiring event.
So 62,000/69,000, or 90% of April new jobs are minimum wage burger flippers.
McShoots?


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Comments

  1. Anonymous says:
    May 6, 2011 at 12:08 PM

    Burger King and Wendy's must still be in a depression?

  2. lonerangersilver says:
    May 7, 2011 at 2:03 AM

    I wonder if the new hires will get a meal during work as part of their huge benefit package. Flipping burgers is all in the wrist.

  3. lonerangersilver says:
    May 8, 2011 at 2:20 AM

    There are only two ways that McDonals can create 62,000 jobs in April.
    1. By opening new stores, which they didn't.
    2. By firing employees to create the vacancies.

    So they fire 62,000 employees and then create 62,000 new jobs.

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