McDonald’s hiring didn’t boost April jobs numbers.
Reuters
May 6, 2011, 12:03 PM ET
By Phil Izzo
Some are crediting the McDonald’s hiring binge with artificially boosting this month’s payrolls numbers, but it likely played no role in this month’s report. (This was noted earlier this morning by our MarketBeat colleagues.)
Pimco's Anthony Crescenzi explains it best. Warning avoid this paragraph if puns make you “grimace....”
Full story:
http://blogs.wsj.com/economics/2011/05/06/dont-credit-mcjobs-for-payrolls-gains/?mod=WSJBlog&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+wsj%2Feconomics%2Ffeed+%28WSJ.com%3A+Real+Time+Economics+Blog%29
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