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.

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  • Grooveboss

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

    • SF2K01

      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.

      • JoiquimCouteau

        Just like in nature!

    • GoodDoktorBad

      You call that shit-crap food? 

  • Grooveboss

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

  • Grooveboss

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

  • SCHMN

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

  • SCHMN

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

  • Anonymous

    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.

  • JoiquimCouteau

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

  • Anonymous

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

  • Anonymous

    You call that shit-crap food? 

  • Anonymous

    Just like in nature!

  • Commenter

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

  • Commenter

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

  • Old Soul

    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. 

  • Anarchy Pony

    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. 

    • SF2K01

      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.

  • Anonymous

    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.

  • Anonymous

    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.

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