McJobs Helped Keep Unemployment From Going Much Higher

Unemployment is on the rise in America. The Obama administration continues to sell Americans on the idea things are getting better, however nearly half a million more Americans are out of work in April. It would have been worse, but McJobs helped pad the numbers for Obama. Ironic, since Barry and Michelle seem to have a beef with McDonald's and would probably ban the Happy Meal nationally if they could.

From CNBC:

The total amount of unemployed was unchanged from March at 13.7 million people.

The labor participation rate also was stuck at 64.2 percent, refuting the notion that the rise in the unemployment rate reflected more discouraged workers looking for jobs.

Also, the so-called real unemployment rate—which the government calls the U-6—which encompasses discouraged workers as well, actually rose in the month two-tenths of a point to 15.9 percent.

The numbers suggested that a good portion of the boost came from McDonald's [MCD 78.60 -0.47 (-0.59%) ], which moved to hire 50,000 workers last month.