It seems that half of the meager 62,000 jobs created in the last month were from one employer--MacDonalds! Yeah, Recovery Summer! Oh wait, last summer was recovery summer. We will have to think of a new term to capture the joy and gratitude we feel for our great leader.
Remember that we have to keep creating more jobs just to keep up with population growth, formerly discouraged workers returning to the employment market and the normal layoffs that go on in the economy, so we are actually losing ground on the unemployment rate even as the absolute number of jobs goes up. So while we have more total jobs the unemployment rate has risen back over 9% to 9.1%.
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