9.1%

[BDKJMU]

"WASHINGTON — No American president since Franklin Delano Roosevelt has won a second term in office when the unemployment rate on Election Day topped 7.2 percent........."
http://www.nytimes.com/2011/06/02/busin ... ml?_r=2&hp" onclick="window.open(this.href);return false;

[BDKJMU]

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

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/hal ... 73220.html" onclick="window.open(this.href);return false;

Would you like fries with that?

[Gil Dobie]

Our elected lobbyists haven't done much for the country since..............the 1990's.

Not many permanent jobs around here,mostly contracts or full-time jobs in lower paying industries.

[TheDancinMonarch]

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

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/hal ... 73220.html" onclick="window.open(this.href);return false;

Would you like fries with that?

In a Republican Administration this news would be greeted with derision. Those jobs would be called "hamburger flipper" jobs from which one could not support a family. But I guess O'Bama and his guys have to hang their hat on whatever they can get.

[Bronco]

Got the change but hope has left town it seems
--



More Americans Think Economy Will Never Recover
http://www.cnbc.com/id/43268037" onclick="window.open(this.href);return false;

an increasing number, some 61 percent, say they don't expect to return to their respective pre-recession lifestyles until the spring of 2014, if ever.

What's worse, a full 10 percent said they expect they will never return to pre-recession spending.
That's a more pessimistic view than last year, when those surveyed expected that they could be back to pre-recession spending levels by the middle of 2013.

[travelinman67]

Was listening to NPR (National Peoples Republic), this morning, and they were mocking the 9.1%...

...played an excerpt from a comedian (didn't hear his name), who semi-seriously complained about the economists who were making an issue of this past week's numbers. Went something like:

"9.1%! And all these doom and gloom economists are complaining? About what? That means 90.9% of Americans are working! 90.9% !
Hey, I went to college. 90.9% is an "A". So, when is an "A" a bad thing? Obama earns and "A" and these folks are complaining!!"





No shit!!

This minimalism makes TTBF's spins seem Kierkegaardian.

[AZGrizFan]

Was listening to NPR (National Peoples Republic), this morning, and they were mocking the 9.1%...

...played an excerpt from a comedian (didn't hear his name), who semi-seriously complained about the economists who were making an issue of this past week's numbers. Went something like:

"9.1%! And all these doom and gloom economists are complaining? About what? That means 90.9% of Americans are working! 90.9% !
Hey, I went to college. 90.9% is an "A". So, when is an "A" a bad thing? Obama earns and "A" and these folks are complaining!!"





No shit!!

This minimalism makes TTBF's spins seem Kierkegaardian.

Get used to more of the same as we approach election day.