Friday, May 6, 2011

One quarter of US 'job growth' was McDonalds hires, April 2011

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5/6/11, "One million apply for 62,000 jobs at McDonalds," AllGov.com

McDonalds hired 62,000 in April 2011.

It is said 244,000 jobs were added overall in April.

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5/6/11, "New Job Numbers Are a Mixed Bag for the Economy, but Bad News for Obama," Big Government, Dan Mitchell

"The blue line in this chart shows the Administration’s prediction of what would happen to unemployment if the so-called stimulus was enacted. The dots represent the actual unemployment rate.


As you can see, the unemployment rate is easily more than two percentage points higher than the White House said it would be at this time.

Administration apologists respond by moving the goal posts, asserting that the original prediction underestimated the economy’s weakness and the unemployment data would have been even worse in the absence of more wasteful spending."...


Chart from Dan Mitchell, Big Government, McDonald's article via Gateway Pundit

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