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.

McDonald’s is the largest employer in the fast-food industry and 70 percent of its managers started out as regular crew members in the restaurants. So even though jobs at McDonald’s are often looked down upon and called “McJobs” the fact is that they do provide an opportunity for those willing to work. Half of McDonalds workforce is made up of  minorities and women and McDonalds’s employs over 700,000 people.  However, the mood in the nation is not good when people  get excited about jobs at McDonald’s which is often derided for the low pay and lack of benefits.

With 12 Million unemployed,  McDonald’s received 938,000 job applicants, or almost 1 Million applications. That is almost 1/12th of the unemployed workforce showing up at a local McDonalds to apply for a job. Unfortunately, only 6.6% of those who applied actually got jobs and at least one well publicized fight broke out. At that rate it is surprising that there weren’t more fights.

Today’s Headlines

5 Ways You Can Build Your Professional Skillset with Certifications

In a competitive job market, making your resume stand out from the crowd could be as simple as earning a certificate or two by passing a few exams. This can … [Read More...]

Tips for Coping with Unemployment

Unemployment is tough, not only are there financial repercussions, but there are psychological ones as well. Getting laid-off no matter whether it is due to … [Read More...]

Only 25% Intend to Retire at Retirement Age

Every two years Gallup does a survey and asks working age adults if they intend to retire once they reach "full retirement age". This is the age set by the … [Read More...]

Over a Million New Jobs Not 211,000 

According to the BLS Commissioner's report for this month: "The unemployment rate changed little over the month but, at 4.4 percent, matched the pre-recession … [Read More...]

Unemployment News

BLS Monthly Employment Report for April

The US economy added 160,000 "seasonally adjusted" jobs in April, the lowest figure in the last seven months. The adjusted U-3 unemployment rate remained steady at 5%. The Unadjusted U-3 fell to 4.7% while the … [Read More...]

More Posts from this Category

About Tim McMahon

Work by editor and author, Tim McMahon, has been featured in Bloomberg, CBS News, Wall Street Journal, Christian Science Monitor, Forbes, Washington Post, Drudge Report, The Atlantic, Business Insider, American Thinker, Lew Rockwell, Huffington Post, Rolling Stone, Oakland Press, Free Republic, Education World, Realty Trac, Reason, Coin News, and Council for Economic Education. Connect with Tim on Google+

Speak Your Mind

*