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No, McDonald's Did Not Affect April Jobs Report

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No, McDonald's Did Not Affect April Jobs Report

Post by gigichicago on Fri May 06, 2011 7:00 pm

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
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Re: No, McDonald's Did Not Affect April Jobs Report

Post by Terrync on Fri May 06, 2011 8:34 pm

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

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Re: No, McDonald's Did Not Affect April Jobs Report

Post by Phillymg on Fri May 06, 2011 8:47 pm

I was wondering if there will be that much hype when they lay off 62,000 workers.

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Re: No, McDonald's Did Not Affect April Jobs Report

Post by lendmeflight2 on Fri May 06, 2011 10:33 pm

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.
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Re: No, McDonald's Did Not Affect April Jobs Report

Post by Sunrise on Fri May 06, 2011 11:05 pm

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.
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Re: No, McDonald's Did Not Affect April Jobs Report

Post by KeeptheFaith on Sat May 07, 2011 7:37 am

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.....
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