Where are the new jobs coming from?

I know that we are in trouble when I read that more than half of the new jobs created recently have been in McDonald’s. These are the kinds of well-paying high-quality jobs that American needs to help restore the much maligned middle class. I guess of the stimulus is working after all.

Breaking from Newsmax.com

McDonald’s Created Half of All New US Jobs in May

The McDonald’s fast-food chain may have been responsible for at least half the jobs created in the United States in May, according to numbers reported by MarketWatch.

Morgan Stanley calls it the “McDonald’s Effect,” according to MarketWatch’s Washington Bureau Chief Steve Goldstein — an estimate that as many of the 30,000 of the 54,000 jobs added in May were the result of a hiring binge by the hamburger chain, according to The Weekly Standard.”


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