McDonald's Hired More than All of the Rest of the Economy Combined Without McDonald's Hiring Binge, America Would Have Lost Jobs Last Month

McDonald's hiring binge in April is the only reason today's "awful" job numbers weren't devastating.

The only thing keeping America from nationwide job losses last month were the Golden Arches. Contrary to popular belief, McDonald's April hiring binge wasn't counted in the government;s April employment report. Those 62,000 McJobs "created" in the one day HR/publicity stunt are the only reason that America didn't flat out lose jobs according to May's report.

The numbers out today: the U.S. economy created 54,000 jobs, about half what was expected. Unemployment ticked up to 9.1 percent. This bucks a three month trend were the economy created about 220,000 jobs each month, on average.

This is a sharp slowdown, a blow to President Obama, startling, pretty awful, depending on who breaks the bad news to you.

But it gets worse. Keep this in mind: Bureau of Labor Statistics unemployment reports don't actually measure all employment over the course of 30 days. They measure all the employees on company payrolls on one given day, usually the 12th of the month. So the May figure really compares how many people were getting pay checks on May 12th to how many got checks on the payroll that covered April 12th, and all other 12ths before that.

McDonald's much heralded hiring day—and subsequent riots—was April 19th, when the company planned to hire 50,000 jobs in one fell swoop, but were overwhelmed by so many applicants they actually overshot the goal and signed up 62,000 McWorkers. So, those McJobs weren't captured in the April jobs numbers, which were actually pretty good. The McDonald's hires are captured in the May report.

That makes today's numbers all the more depressing. McDonald's hired more people than the rest of America combined. If it weren't for the country's largest restaurant chain going on a burger flipper binge, the reports wouldn't say "sharp slowdown" they'd say "reversal" or "devastating."

The White House is keeping a stiff upper lip. Austin Goolsbee, of the White House Council of Economic Advisers, said, "There are always bumps on the road to recovery, but the overall trajectory of the economy has improved dramatically over the past two years." Adding, "Therefore, as the administration always stresses, it is important not to read too much into any one monthly report."

And, before I leave you, consider this somewhat related fact: private employers—including McDonald's—actually hired 84,000 people in May. Local governments cut 28,000 jobs, 18,000 of those in education. You can't have government cutbacks without some job loss.

Image: (cc) by Flickr user Luis Anzo.

via Douglas Muth / Flickr

Sin City is doing something good for its less fortunate citizens as well as those who've broken the law this month. The city of Las Vegas, Nevada will drop any parking ticket fines for those who make a donation to a local food bank.

A parking ticket can cost up to $100 in Las Vegas but the whole thing can be forgiven by bringing in non-perishable food items of equal or greater value to the Parking Services Offices at 500 S. Main Street through December 16.

The program is designed to help the less fortunate during the holidays.

Keep Reading Show less

For more than 20 years. Sen. Susan Collins (R-ME) has served the citizens of Maine in the U.S. Senate. For most of that time, she has enjoyed a hard-fought reputation as a moderate Republican who methodically builds bridges and consensus in an era of political polarization. To millions of political observers, she exemplified the best of post-partisan leadership, finding a "third way" through the static of ideological tribalism.

However, all of that has changed since the election of Donald Trump in 2016. Voters in Maine, particularly those who lean left, have run out of patience with Collins and her seeming refusal to stand up to Trump. That frustration peaked with the nomination of Brett Kavanaugh to the Supreme Court.

Keep Reading Show less
via / Flickr and Dimitri Rodriguez / Flickr

Bernie Sanders' presidential campaign looks to be getting a huge big shot in the arm after it's faced some difficulties over the past few weeks.

Alexandria Ocasio-Cortez, a leading voice in the Democratic parties progressive, Democratic Socialist wing, is expected to endorse Sanders' campaign at the "Bernie's Back" rally in Queens, New York this Saturday.

Fellow member of "the Squad," Ilhan Omar, endorsed him on Wednesday.

Keep Reading Show less
Photo by HAL9001 on Unsplash

The U.K. is trying to reach its goal of net-zero emissions by 2050, but aviation may become the biggest source of greenhouse gas emissions in the U.K. by that same year. A new study commissioned by the Committee on Climate Change (CCC) and conducted at the Imperial College London says that in order for the U.K. to reach its target, aviation can only see a 25% increase, and they've got a very specific recommendation on how to fix it: Curb frequent flyer programs.

Currently, air travel accounts for 2% of global greenhouse gas emissions, however that number is projected to increase for several reasons. There's a growing demand for air travel, yet it's harder to decarbonize aviation. Electric cars are becoming more common. Electric planes, not so much. If things keep on going the way they are, flights in the U.K. should increase by 50%.

Nearly every airline in the world has a frequent flyer program. The programs offer perks, including free flights, if customers get a certain amount of points. According to the study, 70% of all flights from the U.K. are taken by 15% of the population, with many people taking additional (and arguably unnecessary) flights to "maintain their privileged traveler status."

Keep Reading Show less
The Planet