McDonald’s Accounted For Half Of May’s Job Growth

3876843822_fc4d31ab52If you’re looking for a job, McDonald’s is the place to go. No really, it’s the only place for you to go. The Atlantic Wire writes:

We were joking when we wrote that McDonalds was singlehandedly reviving the U.S. economy by hiring 62,000 employees in a single day in April. At the time, it didn’t feel like the recovery hinged on the creation of low-paying, temporary McJobs. Well, on the heels of today’s pessimistic report saying that just 54,000 jobs were added in May, the fast food chain’s effect on the economy is looking impressive to MarketWatch.

Seasonal adjustment will reduce the Hamburglar impact on payrolls. (In simpler terms — restaurants always staff up for the summer; the Labor Department makes allowance for this effect.) Morgan Stanley estimates McDonald’s hiring will boost the overall number by 25,000 to 30,000.

Those 25,000 to 30,000 McJobs that Morgan Stanley estimated were the net additions that would amount to half of the jobs added in May. That said, we have not seen an updated Morgan Stanley estimate of the McDonalds effect since the May jobs report was issued today. But, if those estimates hold, it’s pretty striking.

20 Comments on "McDonald’s Accounted For Half Of May’s Job Growth"

  1. Grooveboss | Jun 6, 2011 at 6:10 pm |

    if everyone is working in mcdonalds, who is going to buy the food?

  2. Grooveboss | Jun 6, 2011 at 2:10 pm |

    if everyone is working in mcdonalds, who is going to buy the food?

  3. Grooveboss | Jun 6, 2011 at 2:10 pm |

    if everyone is working in mcdonalds, who is going to buy the food?

  4. CAPITALISM IS THE ANSWER!!!! RIGHT? RIGHT? IT HAS TO…CAPITALISM IS THE ANSWER!!!

  5. CAPITALISM IS THE ANSWER!!!! RIGHT? RIGHT? IT HAS TO…CAPITALISM IS THE ANSWER!!!

  6. Anonymous | Jun 6, 2011 at 7:47 pm |

    Other people who also work for McD’s. It becomes a self fulfilling purpose where people work, get paid, and eat the stuff they work for.

  7. Anonymous | Jun 6, 2011 at 11:29 pm |

    I predict that this month there will be 30,000 new pharamceutical-related jobs

  8. JoiquimCouteau | Jun 6, 2011 at 7:29 pm |

    I predict that this month there will be 30,000 new pharamceutical-related jobs

  9. Anonymous | Jun 7, 2011 at 12:25 am |

    You call that shit-crap food? 

  10. Anonymous | Jun 7, 2011 at 6:57 am |

    Just like in nature!

  11. Commenter | Jun 10, 2011 at 10:50 am |

    I think this just about fulfills the end-times of the USA prophecy… 

  12. Commenter | Jun 10, 2011 at 6:50 am |

    I think this just about fulfills the end-times of the USA prophecy… 

  13. Growth, why is it these dumb capitalists can’t seem to understand that you can’t grow forever on a finite planet?
    The limits are beginning to be reached, that’s just one more reason why shit is hitting the fan. 

  14. Anarchy Pony | Jun 14, 2011 at 1:38 pm |

    Growth, why is it these dumb capitalists can’t seem to understand that you can’t grow forever on a finite planet?
    The limits are beginning to be reached, that’s just one more reason why shit is hitting the fan. 

    • It’s not so much that we don’t understand that their are limits, it’s just that manually imposing those limits involves all sorts of unpleasant activities we’d rather not be doing (i.e. Half the things China does) that go completely counter to our general principles.

  15. Anonymous | Jun 14, 2011 at 7:53 pm |

    It’s not so much that we don’t understand that their are limits, it’s just that manually imposing those limits involves all sorts of unpleasant activities we’d rather not be doing (i.e. Half the things China does) that go completely counter to our general principles.

  16. Anonymous | Jun 14, 2011 at 7:53 pm |

    It’s not so much that we don’t understand that their are limits, it’s just that manually imposing those limits involves all sorts of unpleasant activities we’d rather not be doing (i.e. Half the things China does) that go completely counter to our general principles.

Comments are closed.