The Internet is alight with articles about how McDonald's Corp. is responsible for 25% of the new jobs created in 2011. Articles like the one in the National Review claim that "The good news is that the economy added about 268,000 new jobs. The bad news is that 25 percent (62,000) were from McDonald’s."
However, the LA Times reports that, "McDonald’s Corp. is erroneously getting credit for 62,000 of the 268,000 net new private-sector jobs created last month, or 23% of the total." McDonald’s did hire 62,000 people last month, but that was on April 19, in a one-day recruiting program nationwide. Those hires wouldn’t have counted in the U.S. job tally because the government’s monthly survey of employers, which is used to determine net job gains or losses, was done the previous week.
What do you think - should McDonald's be given the credit for for repairing unemployment in our country?
Photo Source: loop_oh
