Beans Rice and Gold
Friday, May 6, 2011
NFP Ex McDonalds And Birth Death: +7k
Today's BLS of 244K is great... until you exclude the 62K from McDonalds hirings, and 175K from the Birth Death Adjustment, and end up with....
+7K jobs.
And yes, the "McDonalds factor" is to be included. Per Goldman:
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