Another Month, Another 100,000 New Immigrants, Only 54,000 New Jobs In the Big Mac Economy

The U.S. economy added 54,000 new jobs in the month of May, and 100,000 new immigrants came to America that month.  Mark Steyn comments on this:

So what kind of jobs were those 54,000? Economics professorships at the University of Berkeley? Non-executive directorships at Goldman Sachs? That sort of thing? No, according to an analysis by MorganStanley, half the new jobs created were at McDonald’s. That’s amazing. Not the Mickey D supersized hiring spree, but the fact that there’s fellows at Morgan Stanley making a bazillion dollars a year analyzing fluctuations in minimal-skill fast-food service-job hiring trends. What a great country! For as long as it lasts. Which is probably until some new regulatory agency starts enforcing Michelle Obama’s dietary admonitions.

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