The New Reality – McDonalds Minimum Wage Jobs


The LA Times reported today that jobs have been added for the third straight month. They do mention the increase in jobless claims but they don’t mention that many jobs are minimum wage jobs such as the 62,000 added by McDonalds,“Higher oil prices and fears about a slowdown in the recovery fail to deter employers, who add 244,000 new jobs to the economy in April across a wide spectrum of industries. The gains are tempered by a rise in the unemployment rate to 9%, up from 8.8%.” Read here: jobs are growing

When the figures are not seasonally adjusted, the unemployment rate is 9.2%. Read here: 9.2% unemployment when not seasonally adjusted

Gas prices have dropped but so have all commodities in a market correction.Read here: commodities drop