Search
Latest topics
Useful Links
- American 99ers Union
- Unemployed Friends 2.0
- Extend Unemployment Benefits
- Help the 99ers on blogspot
- Layoff List
- Now Jobless/Next Homelss
- Philadelphia Unemployment Project
- Reach Out Job Search
Tier 5 to Survive Unemployment Unite- Unemployed but Organized for the 21st Century
- Unemployed Workers Action Group
Union of Unemployed- http://helpthe99ers.com/
- www.NELP.org
Who is online?
In total there are 5 users online :: 0 Registered, 0 Hidden and 5 Guests None
Most users ever online was 288 on Sun Jul 04, 2021 4:30 pm
No, McDonald's Did Not Affect April Jobs Report
+2
Terrync
gigichicago
6 posters
No, McDonald's Did Not Affect April Jobs Report
I don't believe anything I read anymore.
Last month, hundreds of thousands of job-seekers descended on America's favorite fast-food vendor, as part of a "national hiring day" that McDonald's (MCD) hoped would fill 50,000 positions. There were sporadic incidents of violence -- one store manager got run over with a car -- but the more important outcome was that a whopping 62,000 applicants left with new employment.
Not surprisingly, lots of people have begun including those 62,000 in today's surprisingly-strong April jobs report, which showed that non-farm payroll rose by 244,000. For example, here is the top of Drudge as of 11:15am:
And, just to be clear that Drudge is not alone, I tweeted something similar just after the numbers were released.
The reality, however, is that none of those new McJobs were included in the April report. The report refers to the pay period that includes the 12th of the month, which in April was a Tuesday. "National hiring day," however, wasn't until the following Tuesday, April 19. In other words, all those new burger flippers and french friers won't get counted until the May jobs report.
Hopefully Drudge can just store away his headline for future use...
http://finance.fortune.cnn.com/2011/05/06/no-mcdonalds-did-not-affect-april-jobs-numbers/?section=magazines_fortune&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+rss%2Fmagazines_fortune+%28Fortune+Magazine%29
Last month, hundreds of thousands of job-seekers descended on America's favorite fast-food vendor, as part of a "national hiring day" that McDonald's (MCD) hoped would fill 50,000 positions. There were sporadic incidents of violence -- one store manager got run over with a car -- but the more important outcome was that a whopping 62,000 applicants left with new employment.
Not surprisingly, lots of people have begun including those 62,000 in today's surprisingly-strong April jobs report, which showed that non-farm payroll rose by 244,000. For example, here is the top of Drudge as of 11:15am:
And, just to be clear that Drudge is not alone, I tweeted something similar just after the numbers were released.
The reality, however, is that none of those new McJobs were included in the April report. The report refers to the pay period that includes the 12th of the month, which in April was a Tuesday. "National hiring day," however, wasn't until the following Tuesday, April 19. In other words, all those new burger flippers and french friers won't get counted until the May jobs report.
Hopefully Drudge can just store away his headline for future use...
http://finance.fortune.cnn.com/2011/05/06/no-mcdonalds-did-not-affect-april-jobs-numbers/?section=magazines_fortune&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+rss%2Fmagazines_fortune+%28Fortune+Magazine%29
gigichicago- Admin
- Posts : 1655
Join date : 2011-04-30
Re: No, McDonald's Did Not Affect April Jobs Report
Keep in mind McD always hires people this time of year for seasonal employment,its just the first time they had a one day approach...hyped to the max actually...IMHO
Terrync- Valued Poster
- Posts : 26
Join date : 2011-04-12
Location : NC
Re: No, McDonald's Did Not Affect April Jobs Report
I was wondering if there will be that much hype when they lay off 62,000 workers.
Phillymg- Super Poster
- Posts : 1435
Join date : 2011-02-13
Age : 65
Re: No, McDonald's Did Not Affect April Jobs Report
This was obviously a publicity stunt on MCD's part to try and look like they are saving America. Nothing could be further from the truth.
lendmeflight2- Premium Poster
- Posts : 147
Join date : 2011-02-12
Re: No, McDonald's Did Not Affect April Jobs Report
I bet most people think - wow, that's great, all of those jobs created. What they neglect to do is really think. If they did, they would realize that those jobs are seasonal, part-time, low wage, and provide no benefits.
Yeah, McDonalds played the system really well.
Yeah, McDonalds played the system really well.
Sunrise- Terrific Poster
- Posts : 1829
Join date : 2011-02-12
Location : Alaska
Re: No, McDonald's Did Not Affect April Jobs Report
Of course it didn't...most of these jobs were part time seasonal jobs.....that they already hire for anyway.....This was McDonald's perfect chance to get a lot of publicity for free.....and what is really sad is that people are too blind to see what is really going on here.....
KeeptheFaith- Premium Poster
- Posts : 471
Join date : 2011-02-13
Similar topics
» April Jobs Report Beats Expectations: 244,000 Jobs Created; Jobless Rate 9%
» April Jobs Report Expected To Show 190,000 New Jobs Created In Month!!!
» Catastrophic May Jobs Report Shows Only 54,000 Jobs Gained Last Month
» June Jobs Report Massively Dissapoints: Only 18,000 New Jobs Created
» Cognis plant closing to affect 167 jobs
» April Jobs Report Expected To Show 190,000 New Jobs Created In Month!!!
» Catastrophic May Jobs Report Shows Only 54,000 Jobs Gained Last Month
» June Jobs Report Massively Dissapoints: Only 18,000 New Jobs Created
» Cognis plant closing to affect 167 jobs
Permissions in this forum:
You cannot reply to topics in this forum
|
|
Sun Sep 13, 2015 1:54 am by Jessica
» Cyber beggar list......it's ok to me
Wed Sep 10, 2014 10:22 pm by pbrad009
» Help with medical bills - Free Health Care, Free Prescription drugs, Hospital bill help, etc
Mon Sep 08, 2014 11:02 pm by pbrad009
» There are Care Packages for College Students, Veterans overseas and Far Away Friends & Loved Ones. So why not Care Packages for the 99ers ?
Mon Sep 08, 2014 11:48 am by pbrad009
» Ways I've Found to Earn Some Income While Still Unemployed
Sat Sep 08, 2012 7:56 pm by Jane0218
» Ramen Noodle Nation--found this blog, two people tell it like it is...
Sun Feb 26, 2012 6:17 pm by springflowers
» Democrats Defend Cutting Unemployment Benefits
Fri Jan 13, 2012 3:27 pm by requete'
» EB will end for on January 28, 2012 for DC, FL, GA, NC, NJ, NM, OH, and PA
Fri Jan 13, 2012 2:58 pm by requete'
» Herman Cain Opposes Extending Unemployment Benefits: 'Where Do We Stop?'
Wed Dec 21, 2011 3:15 pm by DISPLACED DRIFTER
» Most of the unemployed no longer receive benefits
Mon Nov 28, 2011 2:50 pm by requete'
» Michigan Unemployed may lose Extended Benefits
Sat Nov 12, 2011 4:37 pm by requete'
» Obama To Announce Iraq Troop Withdrawal By End Of The Year
Sat Nov 12, 2011 1:17 pm by requete'