Almost 1 Million Unemployed Show up for 50K McDonald’s Jobs
Recently McDonald’s decided to have a mass hiring of 50,000 new employees for it’s US based hamburger restaurants some of which will be full-time and some part-time. They actually ended up hiring 62,000 new employees as a result of all the applications they received. Because many of the restaurants are owned by franchisees the wages are not controlled by the company but many of the jobs were estimated to be for more than the nationwide minimum wage of $7.25 / hr. and managers can make up to $50,000 per year. Continue reading
Unemployment Rate Falls, but Momentum Weak in Job Market
By Neil Irwin–
Washington Post.com
The nation’s unemployment rate fell in June, though hiring by the private sector remained soft, according to a government report Friday. The figures suggest the economic recovery is moving forward this summer, but with weak momentum in the job market.
The jobless rate was 9.5 percent last month, down from 9.7 percent in May, a surprising decrease that came as hundreds of thousands of workers dropped out of the labor force. Private employers added 83,000 jobs in June, more than double the rate in May but still below the six-figure job creation numbers that would suggest a strong recovery in employment.
