No. I referred to restaurant and drinking establishment jobs as McDonalds because that is a good way of referring to them. (At lest I mentioned a place with no dishwashers, right?)
Meanwhile in more sober analysis
So far this year, “government” and “healthcare” (which is largely govt funded) are the two fastest growing job categories. Combined, they equal 114,450/month, which is 47% of job gains.
h/t @wesbury (MBA and Chief Economist, First Trust Portfolios)
"Since 1989 the Dow has risen 18 fold. It’s an extraordinary indication of the strength of our companies and our workers, who still outcompete the rest of the world every day.
Since Hooters serves alcohol, next time I want to point out that “restaurant and drinking establishment jobs” are not very good jobs, I will try to remember to use Hooters, not McDonalds as an example.
You have corrected me me on this very important point.
We had this discussion in the employment numbers threads that covered foreign born employees when you said that Trump had an effect on the numbers when in fact the numbers as a portion of the employment numbers grew under him.
It’s not accusation of bias. It’s an obvious fact.
What is wrong with considering the actual types of jobs in a report? For example, an economy adding good paying private sector jobs is better than one adding low wage dead-end jobs is not?
My apologies, my example was not intended to be a blanket statement about this report but was a general comment. In other words, it is better that every job report shows the production of mostly good paying full-time private sector jobs than other types of jobs. That’s not a political position.
Low unemployment is by no means the only economic indicator that matters as my financial advisor repeatedly reminds me . The labor market has held up well and the consumer is still spending money. Nonetheless, there’s other areas of concern that could become more of a problem.