Remember yesterday's unemployment rate?
9.1% of American workers are currently unemployed and only 54,000* were hired last month. The news was so bad and uninspiring that President Obama completely ignored the numbers, which saved everyone from another speech touting the "job growth."
Economic eggheads have somehow found a way to make the news even worse.
Somewhere between 25,000 to 30,000 of last month's jobs came from only one private sector employer: the national fast-food chain McDonalds - which hired tens of thousands of new employees in April - after the May employment survey was completed and was subsequently reflected in yesterday's report.
America's unemployment situation was bad yesterday, but now it is absolutely horrible.
What say you?
* - The lowest in months.
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