Half of Last Month's New Jobs Came from a Single Employer — McDonald's
11:13 AM, Jun 3, 2011 • By MARK HEMINGWAY
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:
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.
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