200K new jobs including 60K McD's and you think it's a great day?
The temporary jobs from McD's roughly rival the summer work of crowd control in cities with convention centers and are not springboards to anything more.
Coupled with the rise in the jobless rate - "But the jobless rate rose to 9 percent from 8.8 percent the previous month as more people looked for work." was the one-sentence coverage of that point in AP's article - I am not impressed.
The real unemployment numbers have been hovering around 17%, supported by a couple of extensions of benefits, and the consumption of the last benefits is pulling people back to reality.
You know I've noticed a change of mood in the general public over the last few weeks. Or, Maybe killing the wicked witch of the East had some kind of spell breaking effect. Also, I rent apartments and the uptick in demand and price in the last month has been notable. So if you see great jobs data, I'm becoming more bullish. I like your koolaid.