McDonalds Hires 62,000, Turns Away Over 938,000 Applicants

Bloomberg
By Leslie Patton

McDonald’s Hires 62,000 During National Event, 24% More Than Planned

McDonald’s Corp. (MCD), the world’s biggest restaurant chain, said it hired 24 percent more people than planned during an employment event this month.

McDonald’s and its franchisees hired 62,000 people in the U.S. after receiving more than one million applications, the Oak Brook, Illinois-based company said today in an e-mailed statement. Previously, it said it planned to hire 50,000.

The April 19 national hiring day was the company’s first, said Danya Proud, a McDonald’s spokeswoman. She declined to disclose how many of the jobs were full- versus part-time. McDonald’s employed 400,000 workers worldwide at company-owned stores at the end of 2010, according to a company filing.

The number of applications for unemployment benefits in the U.S. rose last week, a sign that progress in the labor market may be fading. Jobless claims increased by 25,000 to 429,000 in the week ended April 23, the most in three months, according to data from the Labor Department in Washington today.

Earlier this month, McDonald’s said sales at stores open at least 13 months climbed 2.9 percent in the U.S. after it attracted more diners with items such as beverages and the Chipotle BBQ Bacon Angus burger. The fast-food chain has about 14,000 stores in the U.S. and more than 18,000 abroad. About 80 percent of all McDonald’s stores are franchised.

McDonald’s rose 16 cents to $78.03 at 4:15 p.m. in New York Stock Exchange composite trading. The shares gained 11 percent over the past 12 months.

http://www.bloomberg.com/news/2011-04-2 ... anned.html

This is what the US economy has been reduced to: McDonalds reports that as part of its employment event to hire 50,000 minimum wage, part-time (mostly) workers, subsequently raised to 62,000 it received a whopping 1 million applications, or a Tim Geithner jealousy inducing 6.2% hit rate (h/t X. Kurt. OSis).

Alas, the US economy is now so pathetic that the bulk of the population will settle for anything. Literally anything. And the saddest part: over 938,000 applicants were turned away. Here's hoping to Burger King needs a few million janitors in the immediate future too. And yes, aside from reality, things in America are really recovering quite nicely.

wow now McDonalds can fire all the illegals and replace them with legal workers

How many of these new hires are illegal Aliens?

McDonald's got a waiver from the Obamacare bill.

I think alot of jobs are going to open up to rebuild the South, from all of these Tornadoes. That is of course if Americans are willing/able to do the kind of work that keeps them out of air conditioning, and puts calouses on their hands, and breaks a few finger nails.