This page has been archived and commenting is disabled.

McDonalds Hires 62,000, Turns Away Over 938,000 Applicants For Minimum Wage, Part-Time Jobs

Tyler Durden's picture


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.

From Bloomberg:

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.

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.


- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Thu, 04/28/2011 - 16:40 | 1217645 Roy Bush
Roy Bush's picture

Scary.  Remember when working at McDonalds was a shitty job?

Thu, 04/28/2011 - 16:55 | 1217748 SilverIsKing
SilverIsKing's picture

Still is.

Thu, 04/28/2011 - 17:10 | 1217781 Haywood Jablowme
Haywood Jablowme's picture

At least there's always McDowell's....


...and if that doesn't work, one can always try for the next Idol series.  Sexual Chocolate is about due for a comeback.

...can't sing or dance?  Fear not, there's still hope.



Thu, 04/28/2011 - 19:28 | 1218375 Ahmeexnal
Ahmeexnal's picture

What's next, lazyass rednecks are going to accept jobs picking fruits&veggies?


Thu, 04/28/2011 - 20:27 | 1218543 sun tzu
sun tzu's picture

Maybe even lazy ass hoodrats will get off the welfare gravy train and work for a living. Nah, will never happen.

Thu, 04/28/2011 - 20:44 | 1218629 old naughty
old naughty's picture

Most would, if there are jobs.

Thu, 04/28/2011 - 23:49 | 1219190 Harlequin001
Harlequin001's picture

WTF happened to the days when you would invent your own job by exploiting a gap in the market, reducing a cost of a service or identifying and fulfilling the needs of others?

The mere thought that I might not be good enough for McDonalds for christs' sake is enough to drive me to revolt...

Now, there must be some money in that...

Fri, 04/29/2011 - 04:44 | 1219491 StychoKiller
StychoKiller's picture

I understand that there are companies that hire people to go kill other people...

Fri, 04/29/2011 - 23:40 | 1223171 dark pools of soros
dark pools of soros's picture

do you mean Corp USA (LLC)??

Thu, 04/28/2011 - 21:15 | 1218719 AchtungAffen
AchtungAffen's picture

I'd rather see at least some of these paper pushers/movers do a real productive job. Even working at Mc, cleaning a bathroom or picking up veggies. Anything at least productive instead of them living off the expense of everyone else and "da goobermint"'s pocket too.

Fri, 04/29/2011 - 01:37 | 1219331 Michael
Michael's picture

If everyone who is unemployed applied online for unemployment benefits irregardless if they qualify or not, what would happen?

Fri, 04/29/2011 - 02:56 | 1219410 Michael
Michael's picture

We should designate July 5th "Monarch Dictator Guillotine Day". This should be the day every monarch and dictator identified by the general public as the day every dictator and monarch will have their heads chopped off by a guillotine in the public square.

Thu, 04/28/2011 - 23:28 | 1219138 Campagnolo
Campagnolo's picture

won't happen, those lazy asses already got their brain and hands wasted watching TV and eating trash food. No wonder why inmigrant still come to America and make it and it's not inmigrant fault but your lazy asses you are talking about...right?

Fri, 04/29/2011 - 01:57 | 1219350 boiltherich
boiltherich's picture

Ah yes, the poor, disabled, disenfranchised, unemployed, nothing but a bunch of lazy no good leeches coming after your money.  People like teachers who have to go to college for 6 years so they can put up with your clown wannabe gangsta brats and pay off 30,000 in student loans just so the GOP can strip them of wages and the right to strike or even sit down at the bargaining table and talk.  In the meanwhile fat assed bankers and lawyers in the top 10% of incomes and wealth soak us for every last goddamned dime and acre and national treasure while paying less in taxes as a percent of what they own than you dumb fuckers who keep voting against your own self interest because you never know, one day you might hit the Powerball and when you do you sure don't want the government giving it to nasty old disabled vets and welfare cheats. 

No wonder America is toast!  But you might try to be kind to less fortunate people because they will rise up and when they do you might be one of the ones they remember as blaming them for their own poverty. 

Fri, 04/29/2011 - 03:24 | 1219424 espirit
espirit's picture


Now McJobs has replaced that troublesome youth trying to earn chump change for higher education costs, and hired over 50 year old MBA's.

Truth of education indebtedness to the Govt read here on ZH.  Debtor's Prison. 

Sat, 04/30/2011 - 10:45 | 1223845 Ahmeexnal
Ahmeexnal's picture


And who allowed those fat assed bankers and lawyers to do what they please?

Everyone else, including those "poor, disabled, disenfranchised, unemployed".

The looters exist because of the moochers.

What you can't bring yourself to admit is that yours is the Morality of Death.

Thu, 04/28/2011 - 23:05 | 1219088 markmotive
markmotive's picture

This is just another symptom of America's economic depression.

Thu, 04/28/2011 - 17:22 | 1217921 BrobamaReds
BrobamaReds's picture

I love Mickwy D's....all da dam fries you can eat and you can bang dem young chicks in da back room, ayit.

Thu, 04/28/2011 - 18:08 | 1218150 the mad hatter
the mad hatter's picture


Thu, 04/28/2011 - 18:13 | 1218171 chubbar
chubbar's picture

An if ya git tired of that, you can watch som sistas kickin the ass of some tranny trying to take a piss!

Thu, 04/28/2011 - 18:57 | 1218292 PuppetRepubl1c
PuppetRepubl1c's picture

"I love Mickwy D's....all da dam fries you can eat and you can bang dem young chicks in da back room, ayit."


you make it sound awesome, i am tempted to pull an American Beauty and quit my job just so i can bang some hood rat chicks!

Thu, 04/28/2011 - 23:59 | 1219215 blunderdog
blunderdog's picture

Wrap dat jimmy, yo, dem bitches ain't protected and you be payin' the rest yer life.

Thu, 04/28/2011 - 19:57 | 1218452 Clycntct
Clycntct's picture

 Thanks for clearing up where dem nuggets come from.

Thu, 04/28/2011 - 17:32 | 1217976 Xibalba
Xibalba's picture


Thu, 04/28/2011 - 19:58 | 1218453 Long-John-Silver
Long-John-Silver's picture

Green Fries Bitchez!

Thu, 04/28/2011 - 22:55 | 1219061 FEDbuster
FEDbuster's picture

More like a giant PR stunt to pay back the favor of the Obamacare wavier.  62K part timers in, probably 20K full timers with health insurance out.

Thu, 04/28/2011 - 23:53 | 1219205 Harlequin001
Harlequin001's picture

Cynic, they'd never do that...

Thu, 04/28/2011 - 17:38 | 1217999 Blotsky
Blotsky's picture

Yeah, and the worst part is when Obama decided to say that America would just have to get used to being a service sector economy. He definitely meant what he said.

Atleast we know it wont last long.

Thu, 04/28/2011 - 23:51 | 1219198 Tapeworm
Tapeworm's picture

I am looking to hire a non druggie guy that can do some lifting and be able to take instruction on operating a CNC control, and I do pay more than McD. There is as much upward movement in this as they will apply themselves.

 Nah, it doesn't involve high tech joystick gaming skills, so the job will go unfilled.

 Manufacturing is dying or dead in USA because there are nearly none that can come out of a adolescence and high school with a functioning brain. They have zero interest in real problem solving. Why bother with them?

Thu, 04/28/2011 - 23:55 | 1219209 Harlequin001
Harlequin001's picture

Yeah but they can play computer games like you wouldn't believe...

Fri, 04/29/2011 - 01:59 | 1219347 Conrad Murray
Conrad Murray's picture

If you have a local community college around you, chances are good there's an individual that would love to fill the void in your workforce. Find the head of the mechanical engineering dept and let them know.

Fri, 04/29/2011 - 03:25 | 1219441 espirit
espirit's picture

They have colleges in North Dakota?

Thu, 04/28/2011 - 17:54 | 1218080 astartes09
astartes09's picture

Yeah I worked there at 16.  Now I remember why I quit.  That place was a shit hole.  I was never destined for customer service.


And yes, we did spit in the food.  Constantly.

Thu, 04/28/2011 - 19:22 | 1218353 ALANBEEKMAN

I worked at one at 16 as well, and though we didn't spit on the burgers, just the grill, we did walk on the cheese with our sneaks and left tread marks.


Fri, 04/29/2011 - 02:41 | 1219395 Troy Ounce
Troy Ounce's picture


At least you added something edible to what can be called carton.

Thu, 04/28/2011 - 18:37 | 1218249 TorchFire
TorchFire's picture

And our esteemed government no doubt counts the assembly of a Big Mac as contributing to our manufacturing sector's growth during these times of plenty!


Fri, 04/29/2011 - 02:03 | 1219357 boiltherich
boiltherich's picture

Sadly it does count fast food as manufacturing.  Not durable goods but still. 

Fri, 04/29/2011 - 03:29 | 1219443 espirit
espirit's picture

If we could just export to China, in just a few years we would be able to follow up with the medical industry.  Trade deficit solved.

Thu, 04/28/2011 - 19:27 | 1218373 I am Jobe
I am Jobe's picture

With the way the Econ is going the shitty jobs become luxury to prolong the unemployment checks rather than using it all up. having a job is no longer the perk, keeping it is the perk and I see more layoffs especially after todays GDP numbers.

Thu, 04/28/2011 - 19:31 | 1218388 Buck Johnson
Buck Johnson's picture

And now the job is considered a life line for everybody.  We are in a depression, also I remember Coming to America Mcdowells that was funny.

Thu, 04/28/2011 - 20:34 | 1218562 Hugh G Rection
Hugh G Rection's picture

Prostitution is going to be the fastest growing sector this decade... time to work on my pimp game.


Gator don't play no shit!

Fri, 04/29/2011 - 03:32 | 1219447 espirit
espirit's picture

Waiting on my silver eagles to buy 5 pieces for 5 pieces.

Thu, 04/28/2011 - 20:47 | 1218633 sun tzu
sun tzu's picture

I knew the stimulus would work. 

Thu, 04/28/2011 - 22:49 | 1219027 bigelkhorn
bigelkhorn's picture

macdonalds might be crappy, but there ares still lots of ways to make money!!! Just think like the elite. You will be fine. 

I subscribe to the guy from australia and his FFT economic newsletter at  that guy has called many big events before they have happend, including the stock market crash in 2008 and the current financial collapse of the US. (currently happening) I found him from a friend last year, and he has some important work.

His oil calls are insane, and I have been making good money with them. He is well worth a look, if you want to keep two steps ahead of the sheeple out there.

I am worried about my financial future. Is anyone else nervous out there?

Fri, 04/29/2011 - 00:13 | 1219231 RafterManFMJ
RafterManFMJ's picture

Ever drink till you black out? You're in a bar, you're drinking you black're at another bar, you're drinking, you black at McDonald's, been working there three years...still haven't made assistant wann quit but you're banging that girl on the FryOLater...sure, they say she's retarded, but those titties ain't retarded!! - Dave Atwell, Skanks for the Memories

Sat, 04/30/2011 - 14:58 | 1224283 uhb
uhb's picture

wow. didn't know you US guys are *that* fvcked up. When i was in the US in 1983, your country was definitely in a way better shape... no wonder, with RR as president ;)

Thu, 04/28/2011 - 16:40 | 1217647 SoNH80
SoNH80's picture

Outsourcing, dollar debasement, corporate/money-center bank welfare, such a roaring success.  Ugh.  You can hear the girders creaking.

Thu, 04/28/2011 - 17:14 | 1217879 anonnn
anonnn's picture

Preparing our food.

Cleaning out toilets.

Caring for our infants.

Low skilled jobs?... worthy of paupers? 




Thu, 04/28/2011 - 17:19 | 1217917 SoNH80
SoNH80's picture

The pay will leave you a pauper.  Now, "62,000 MACHINISTS Hired...." Haven't seen that headline.

Thu, 04/28/2011 - 19:16 | 1218337 rosiescenario
rosiescenario's picture about just "62,000 machinists fully the U.S."?????

Thu, 04/28/2011 - 20:13 | 1218484 Long-John-Silver
Long-John-Silver's picture

I'm a machinist and I'm my own boss. Most machine shops have closed up. China has taken over. The only reason I can stay in business is I specialize in repair work. I'm expensive buy hay, where else are you going to go? Some people will drop by and get pissed off and walk out when I tell them how much it's going to cost. They always come back 2 or 3 days later. Anyway I am the last of a dieing breed. These new CNC "machine operators" could not setup and machine parts on a manual mill or lathe if their life depended on it.

Thu, 04/28/2011 - 20:24 | 1218534 SoNH80
SoNH80's picture

In my area, we had dozens of small machine shops, they are closing one by one.  TBTB, and certain Alex P. Keaton/Gordon Gekko wannabees, think that the iron vise of ChiCom dumping/regulation used as a tool to further monopoly (insane tax, other reg codes designed to smother small business)/dollar debasement (higher energy, savings % rates in the toilet, smothering small-business capital accumulation) is just swell.  Well bully for them, but we know better.

Thu, 04/28/2011 - 23:56 | 1219200 Slewburger
Slewburger's picture

I put myself through college on Bridgeport mills and a little NC work. The CAM guys were good too just in a different way, but you're right couldn't do a manual part to save a life.

Fri, 04/29/2011 - 02:52 | 1219406 Whats that smell
Whats that smell's picture

Yea and I'm writing this on a typewriter, f'ing 'puters!

Thu, 04/28/2011 - 21:09 | 1218698 ncdirtdigger
ncdirtdigger's picture

How's this, "McDonald's hires 62,000 McChinists, their payroll taxes to go towards paying off the McChinese"

Thu, 04/28/2011 - 18:28 | 1218226 -Michelle-
-Michelle-'s picture

What a world it is when "caring for our infants" is smushed in with flipping burgers and cleaning toilets as a low-skill job.

How the upper echelon must chuckle over their success in convincing people that both parents simply must work in order to purchase all of the baubles and shiny things their children need.

Thu, 04/28/2011 - 18:45 | 1218263 blunderdog
blunderdog's picture

Careful now, you're at risk of hinting that human beings might have some value.  That doesn't go over well around here.

Thu, 04/28/2011 - 19:03 | 1218311 DosZap
DosZap's picture

No, no shiny baubles, it's called eat,sleep,and a roof.

Thu, 04/28/2011 - 20:52 | 1218644 ColonelCooper
ColonelCooper's picture

Good post, Michelle.  Sadly, I don't think there are very many of us left who understand what need really means.

Fri, 04/29/2011 - 01:50 | 1219338 WaterWings
WaterWings's picture

"It took us just one meeting to discover that we had become beggars – rotten, whining, sniveling beggars, all of us, because no man could claim his pay as his rightful earning, he had no rights and no earnings, his work didn’t belong to him, it belonged to ‘the family’, and they owed him nothing in return, and the only claim he had on them was his ‘need’ – so he had to beg in public for relief from his needs, like any lousy moocher, listing all his troubles and miseries, down to his patched drawers and his wife’s head colds, hoping that ‘the family’ would throw him the alms. He had to claim miseries, because it’s miseries, not work, that had become the coin of the realm – so it turned into a contest between six thousand panhandlers, each claiming that his need was worse than his brother’s. How else could it be done? Do you care to guess what happened, what sort of men kept quiet, feeling shame, and what sort got away with the jackpot?"


"Nobody can divide a factory’s income among thousands of people, without some sort of a gauge to measure people’s value. Her gauge was bootlicking. Selfless? In her father’s time, all of his money wouldn’t have given him a chance to speak to his lousiest wiper and get away with it, as she spoke to our best skilled workers and their wives. She had pale eyes that looked fishy, cold and dead. And if you ever want to see pure evil, you should have seen the way her eyes glinted when she watched some man who’d talked back to her once and who’d just heard his name on the list of those getting nothing above basic pittance. And when you saw it, you saw the real motive of any person who’s ever preached the slogan: ‘From each according to his ability, to each according to his need.’"


Thu, 04/28/2011 - 16:41 | 1217653 MonsterZero
MonsterZero's picture

Would love to see how many were college graduates along with their debt load.

Thu, 04/28/2011 - 16:54 | 1217741 RichardENixon
RichardENixon's picture

McDonald's only hires applicants with post-graduate degrees. Those with a Bachelors need to apply at Sonic, and must be able to roller skate while balancing food on a tray.

Fri, 04/29/2011 - 00:52 | 1219297 I Am The Unknow...
I Am The Unknown Comic's picture

Yes, and now here's the next step in McD's corporate profit plan scheme.  They will begin charging an "application fee" for each job application submitted.  Even $10 time 1 MM applicants = another $10 million in revenues and gee won't that be great for stocks.  If there is some pesky law that can't be changed then they will just say the application fee is for admission into Hamburger University (McD "College"). 

Don't believe there is a Hamburger University?  Here it is on McD's website: 

The quarter after that they will begin shifting the burden of training to the McD incoming "students" at Hamburger U. by charging the new students tuition for the cost of their McD education, for which I'm sure Sallie Mae would love to make the loans.  After "graduation" the new student employee with their proper burger-flipping and fry-frying skills will find a comfy minimum wage slave job and wages will be automatically garnished by Sallie Mae as part of the student loan repayment plan agreement.

Somehow this sickeningly does not seem far-fetched.   

Thu, 04/28/2011 - 16:39 | 1217654 BORT
BORT's picture

How many passed the drug screen?

Thu, 04/28/2011 - 17:02 | 1217807 cossack55
cossack55's picture

All hires were currently taking Prozac/xanax and thought they were applying for Federal Free Burger Program.

Thu, 04/28/2011 - 17:09 | 1217850 ursus.peracto
ursus.peracto's picture

The ones that weren't hired.

Fri, 04/29/2011 - 00:04 | 1219219 Harlequin001
Harlequin001's picture

about two, I think...

Thu, 04/28/2011 - 16:39 | 1217657 trav7777
trav7777's picture

Jeezus fking Christ...that is a worse acceptance rate than HARVARD

Thu, 04/28/2011 - 16:47 | 1217678 Roy Bush
Roy Bush's picture

ha ha ha! Watch that acceptance rate go up!  Pay me 61,444 per year and I'll teach kids a bunch of bullshit.  I'd certainly be more on the mark than Larry Summers.

Thu, 04/28/2011 - 23:45 | 1219181 Texas Gunslinger
Texas Gunslinger's picture

Please refrain from using the Lord's name in vain. 

Thank you in advance for your understanding. 

Fri, 04/29/2011 - 02:07 | 1219364 boiltherich
boiltherich's picture

Christ on a crutch dude, didn't they ever tell you to hide your light under a bushel?

Thu, 04/28/2011 - 16:43 | 1217663 fockewulf190
fockewulf190's picture

938,000!  Holy Hooverville Batman!

Thu, 04/28/2011 - 16:46 | 1217702 Ricky Bobby
Ricky Bobby's picture


Fri, 04/29/2011 - 00:06 | 1219221 Harlequin001
Harlequin001's picture

that's a typo, yes?

Thu, 04/28/2011 - 16:42 | 1217665 Alex Kintner
Alex Kintner's picture

It's the McOnomy© Stupid.

Thu, 04/28/2011 - 16:48 | 1217720 bank buster
bank buster's picture


Thu, 04/28/2011 - 16:52 | 1217749 Out9922
Out9922's picture

Ronald McDonald is getting abused



Fri, 04/29/2011 - 04:57 | 1219499 StychoKiller
StychoKiller's picture

Zowie!  So that's what the "special sauce" is! :>D

Thu, 04/28/2011 - 19:17 | 1218348 rosiescenario
rosiescenario's picture


Fri, 04/29/2011 - 03:40 | 1219449 espirit
espirit's picture


Thu, 04/28/2011 - 19:48 | 1218425 nmewn
nmewn's picture

Saved or created.

Thu, 04/28/2011 - 16:45 | 1217669 Hacksaw
Hacksaw's picture

Kind of shoots the "lazy bastards think they are too good to take a McJob" theory right in the ass.

Thu, 04/28/2011 - 21:40 | 1218805 Captain Benny
Captain Benny's picture


Even one of the worst jobs available is turning skilled labor away.  Double dip recession?  Nope, its a a double dip depression that ends with a currency crisis.

Thu, 04/28/2011 - 16:46 | 1217672 hedgeless_horseman
hedgeless_horseman's picture

We are proud of our long-standing commitment to a workforce that is diverse. We believe in developing and maintaining a diverse workforce that will strengthen the McDonald's system. Diversity at McDonald's is understanding, recognizing and valuing the differences that make unique.

Thu, 04/28/2011 - 16:49 | 1217707 Josh Randall
Josh Randall's picture

+1, Mayor McCheese B!tchez!

Thu, 04/28/2011 - 17:35 | 1217996 blunderdog
blunderdog's picture

Yeah, it's so great to be one of the new hires, and I'm thrilled to be working again, but jeebus hasn't anyone noticed our assistant manager has a fucking BURGER for a HEAD?!?  And what the fuck is up with that fat guy's skin condition?  Please tell me it isn't contagious!

Thu, 04/28/2011 - 17:46 | 1218047 Judge Holden
Judge Holden's picture


Thu, 04/28/2011 - 16:43 | 1217673 gwar5
gwar5's picture

It's official. We're a Banana Republic.

62,000 more Americans can afford WalMart again and get 1/2 their daily caloric intake as part of their comp package.

Thu, 04/28/2011 - 17:04 | 1217803 Dr. Richard Head
Dr. Richard Head's picture

I kind of feel sorry for those Wal-Mart greeters, but only a bit.  The lost glaze seen in their elderly eyes as they have to waste away their "golden" years greeting other mindless zombies and acting as the last line of defense for shoplifting.  I say that I kind of feel sorry for them because those greeters are a big portion of a generation that believed the Social Security lies of yore. 

Let that be a lesson for you left/right tards. Whenever government talks about "fixed" income, they mean to fix you from having any drive or desire for freedom.  Enjoy your paper wealth fucktards. 

Thu, 04/28/2011 - 17:06 | 1217830 Spastica Rex
Spastica Rex's picture

Soylent Green, FTW!

Thu, 04/28/2011 - 17:11 | 1217876 cxl9
cxl9's picture

My favorite part of that movie is the way that the pretty girl is included with the apartment along with the rest of the furniture. Well, and the bit where the crowds of people are scooped up with front-loaders and dumped into a trash truck. Great stuff.

Thu, 04/28/2011 - 19:42 | 1218415 Moe Howard
Moe Howard's picture

Fuckin' jam was like he found a jar of the most expensive caviar in the world.

Thu, 04/28/2011 - 18:32 | 1218230 OldTrooper
OldTrooper's picture

+ 478-11-0078

(Don't bother.  I made it up.)

Fri, 04/29/2011 - 00:17 | 1219248 RafterManFMJ
RafterManFMJ's picture


Fri, 04/29/2011 - 01:05 | 1219253 RafterManFMJ
RafterManFMJ's picture


Thu, 04/28/2011 - 20:19 | 1218527 island
island's picture

Isn't Ms. Obamination focused on a campaign against childhood obesity?  Seems to me Michelle's and Barack's (via his little ol' Bernokio) efforts are diametrically opposed to each other.

Thu, 04/28/2011 - 16:45 | 1217675 Quinvarius
Quinvarius's picture

Even worse, JPM has fully corrupted IAU.

Take a look.  JPM became the sole custodian of IAU a few months back.  They are also a COMEX vault.  Now they refuse to report IAU inventories.

>>>Effective Monday, Apr. 18, 2011, the COMEX Gold Stock Report will be reformatted, and will no longer provide the inventory breakdown for the iShares COMEX Gold Trust. However, the report will continue to provide the Registered and Eligible inventory levels as provided by the Exchange Licensed Depositories.

In September 2010, the iShares COMEX Gold Trust was renamed "iShares Gold Trust" and the London PM Fixing Price became the basis for calculation of its Net Asset Value (NAV). Since the iShares Gold Trust no longer references the Exchange in either name or in calculation of the NAV, we removed this portion of our Gold Metal Depository Statistics report. This does not change the daily reporting of all eligible and registered inventory levels by Exchange Licensed Depositories.<<<



Thu, 04/28/2011 - 16:47 | 1217710 JW n FL
JW n FL's picture

There was a Derivatives Article here... in which I think that it was decided if you could in some way engage and participate with JP Morgue that you would then me able to Black Out all info regarding that transaction.


JP Morgan is the Curtain for the Wizard of Oz!


I will see if I can find it and post it..

Thu, 04/28/2011 - 16:48 | 1217719 Quinvarius
Quinvarius's picture

It is pretty clear that IAU is now just a paper derivative liability of JPM.

Thu, 04/28/2011 - 16:53 | 1217734 JW n FL
Thu, 04/28/2011 - 18:13 | 1218163 chubbar
chubbar's picture

Ishares gold trust. I shares with the rest of the TBTF bankers and the rest of you can get fucked!

Thu, 04/28/2011 - 16:43 | 1217679 SDRII
SDRII's picture

Apparently MCD has low standards judging by the employee performances in thes recent beatdowns

Thu, 04/28/2011 - 16:46 | 1217681 X. Kurt OSis
X. Kurt OSis's picture

BTFD... and supersize it bitchez!!!


Thu, 04/28/2011 - 16:44 | 1217684 JW n FL
JW n FL's picture

McDonalds Wants to hire 50,000 People! These 2 people are not getting hired! Warning Video is Graphic


I wanna say that credit for this video goes to the Miami B of A Video person too.. any way thanks for whomever posted it before! credit belongs to other not me for the find!

Thu, 04/28/2011 - 21:06 | 1218686 ColonelCooper
ColonelCooper's picture

I don't know how the Hell you can live there, Bud.  All I can say is, "Good luck".  Drop me a note when you decide to get the Hell away from it all.  Or you can look into some of these:

Nothing in those that gets quite as cold as where I'm at. :)


Fri, 04/29/2011 - 02:00 | 1219354 WaterWings
WaterWings's picture

Driver locked up; passenger talks to news

Thu, 04/28/2011 - 16:44 | 1217686 Captain Planet
Captain Planet's picture

You must be from a major city. When i was in Wash. St. over the winter, it was the best job a (white) teenager could get.

But for real, my degree clad friends can't find a fuckin jo worth anything more than peanuts for the week.

Luckily, I have EU citizenship.

Euro, bitchezzzzzzz!

Thu, 04/28/2011 - 16:49 | 1217711 willien1derland
willien1derland's picture

Count your blessings, CP

Fri, 04/29/2011 - 02:50 | 1219400 boiltherich
boiltherich's picture

CP, I got my Irish passport in 2003 because I too see the day coming when a neutral island nation in the Atlantic with few resources and no standing army might come in handy.  My Dad never did much for me when he was alive but he was from Galway and so I can now live and work anywhere in the EU without a visa. 

Fri, 04/29/2011 - 02:45 | 1219396 boiltherich
boiltherich's picture

I went back to to college in 1993 full time (actually 16 semester hours) for a finance degree while working 40 hours per week in the day, it was damned hard, once the bank sent my new debit card to my mother in California and I went 5 days without food because the post office lost the damned overnight envelope my mom sent it to Ohio in.  I slept on a futon mattress on the floor for 3 1/2 years, had no car, and never really had a day off the whole time. 

It can be done if you are willing to dig deeper and believe in what you can do, but not everyone has my abilities either, some are just not cut out for advanced degrees or have the maturity or drive to do it, that does not make them bad people and all people deserve a living wage and dignity.  There are poor people who scam the system, or who are too lazy to really work to improve life, or who somehow convince themselves that drugs are the answer, and I feel sorry for them because life goes by fast and it will be too late when they finally clue in, but they are also the minority, most people have integrity and ethics and would give you the shirt off their backs or their last cigarettes, I would, the fact that they are poor has a lot more to do with policy bought and paid for by those that own us.  It really pisses me off when toads like some who post here blame those who are not winning the struggle, we are not animals and this is not Darwinian jungle survival, you owe a duty to care for your fellow humans and if you don't it is you who will pay in the end. 

Thu, 04/28/2011 - 16:47 | 1217687 Segestan
Segestan's picture

Oh.. I heard American's where to fat and lazy to apply for jobs only immigrant's would do!!.......WTF?

Thu, 04/28/2011 - 18:58 | 1218298 Blano
Blano's picture

It doesn't say 62,000 LEGAL people were hired.

Thu, 04/28/2011 - 22:53 | 1219053 Segestan
Segestan's picture

It says 938,000 Applicants..... even if they are ALL illegals , a small percentage.  Geesh at least TRY to stay on topic.

Thu, 04/28/2011 - 16:47 | 1217689 Milton Waddams
Milton Waddams's picture

Weren't burger artists reclassified as manufacturing jobs some time ago?

See, who says America no longer manufactures anything!  U-S-A!  U-S-A!

Thu, 04/28/2011 - 17:43 | 1218044 Arkadaba
Arkadaba's picture

Whatever happened to plastic:

And very sad story but I'm glad ZH is putting it out there - no one else is.

Thu, 04/28/2011 - 16:45 | 1217691 TomJoad
TomJoad's picture

Jusus. Fucking. Christ.


Poke us with a fork.

Thu, 04/28/2011 - 16:45 | 1217692 redpill
redpill's picture

Fries w/that?

Thu, 04/28/2011 - 16:51 | 1217694 AccreditedEYE
AccreditedEYE's picture

aside from reality, things in America are really recovering quite nicely.

Indeed. Might as well look at the stock market as the nation's secondary "misery index". It used to reflect the true state of the economy but, as everyone who reads ZH knows, hasn't been connected to reality in a long time.

And can someone please go tell Jim Cramer to F himself? I know he's the mouth piece for The Squid, but his endorsement of "stock recovery is the answer to our misery" is complete trash. He doesn't even feel bad about telling such lies to a gullible public... then again, they do suck out your soul when employed at Goldman.

Thu, 04/28/2011 - 16:56 | 1217785 Alex Kintner
Alex Kintner's picture

Cramer used to live in his car. Lieing is clearly a good career path.

And anyone who listens to him usually ends up living Cramer's old lifestyle.

Thu, 04/28/2011 - 16:48 | 1217697 RichardENixon
RichardENixon's picture

62,000 hired! Better than expected! Buying opportunity! Oh wait, does this mean QE3 is dead? Sell Sell Sell!!!!!

Thu, 04/28/2011 - 16:45 | 1217698 willien1derland
willien1derland's picture

I guess this was the change you can believe in... 

Thu, 04/28/2011 - 16:45 | 1217699 Robslob
Robslob's picture

Too bad McDonalds didn't conduct that hiring spree like a POMO auction.

Thu, 04/28/2011 - 16:48 | 1217700 Cdad
Cdad's picture

Wow.  It just gets richer each day.  So the whole recovery thing is looking rather...Bernankish.  I'm sure the criminal syndicate known as Wall Street will have a positive spin on it. 

Perhaps, the employee discount on whoppers?  

Can't wait for the next BLS update.  Improvement!

Good grief.

Thu, 04/28/2011 - 17:19 | 1217918 MrBinkeyWhat
MrBinkeyWhat's picture

You must mean "Quarter Pounders", or in France a "Royale" (due to the metric system) ;-) 

Thu, 04/28/2011 - 19:00 | 1218297 Cdad
Cdad's picture

My bad...meant Big Macs.

Thu, 04/28/2011 - 16:48 | 1217704 Mercury
Mercury's picture

The key word links say it all:

McDonalds, Reality, Tim Geithner

Thu, 04/28/2011 - 19:50 | 1218435 nmewn
nmewn's picture

Got it...strong dollar menu.

Fri, 04/29/2011 - 02:01 | 1219358 WaterWings
WaterWings's picture

Call up Dog the Bounty Hunter

Thu, 04/28/2011 - 16:48 | 1217705 Thadeous
Thadeous's picture

They will be so scared to lose their jobs, they might actually get my order right.

Thu, 04/28/2011 - 16:52 | 1217746 mynhair
mynhair's picture

Good luck with that.  Reading is a learned ability.

Thu, 04/28/2011 - 16:53 | 1217706 plocequ1
plocequ1's picture

938,000 , Damn.. Looks like those " Gringo" Taxpayers Tyler mentioned are becoming scarce.

Thu, 04/28/2011 - 16:46 | 1217708 tmosley
tmosley's picture

Hmmm, does this mean the number of unemployed will go up by almost a million, as people who had given up on jobs tried out for McDonalds?

Holy shit.  Don't lose your jobs, anyone.

Thu, 04/28/2011 - 16:49 | 1217709 mynhair
mynhair's picture

Think of the revenue possibility in dumpsters!  Need 2 per store, just to manage that alone.  SNAP accepted.

Thu, 04/28/2011 - 16:51 | 1217742 willien1derland
willien1derland's picture

A once great & proud nation brought to its knees....very sad

Thu, 04/28/2011 - 16:48 | 1217713 bob_dabolina
bob_dabolina's picture

Would you like to supersize your hope and change for an extra 39 cents?

Thu, 04/28/2011 - 16:59 | 1217786 willien1derland
willien1derland's picture

BD, The AUDACITY of...wait...really only 39 cents...

Thu, 04/28/2011 - 17:01 | 1217816 bob_dabolina
bob_dabolina's picture

Did I really say 39 cents? I meant 15 trillion dollars.

Thu, 04/28/2011 - 17:11 | 1217858 willien1derland
willien1derland's picture

Do you accept Yuan?

Thu, 04/28/2011 - 16:51 | 1217724 digalert
digalert's picture

Remember "yah but those are hamburger flipper jobs"?

Now we have Barama and McDonalds is the only one hiring. These become instant good jobs, with proof that Barama is creating jobs. hah

Thu, 04/28/2011 - 16:52 | 1217727 ReallySparky
ReallySparky's picture

OT, I am on the phone right now trying to process a claim with my home owners insurance for hail damage.  I am talking to someone from India who can barely speak english.  While holding I log onto see this and think, well at least if I go to Mc Donalds in the near future someone might speak english.  I am not trying to be racist or derogitory, it just pisses me off to call an American Company and have to negotiate a language barrier when so many American's are unemployed. 

Thu, 04/28/2011 - 16:56 | 1217758 JW n FL
JW n FL's picture

Senate Republicans blocked a Democratic Bill to End tax Breaks for Moving U.S. Jobs Offshore! 

Thu, 04/28/2011 - 17:12 | 1217869 ReallySparky
ReallySparky's picture

You know I don't think more government is the answer.  I think the answer is to walk with my feet and change insurance companies or change my buying patterns whenever I encounter foreign customer service.  Maybe this should become a nationwide movement.

Thu, 04/28/2011 - 17:23 | 1217926 Oh regional Indian
Oh regional Indian's picture


It's really bad on both sides, trust me.


Thu, 04/28/2011 - 22:45 | 1218980 i-dog
i-dog's picture

Great blog article, ORI ... So very true. (I've lived all over the planet as an expat and have seen all sides of what you describe).

Though, IMO, the problem was/is not the exporting of jobs -- which gave the developing economies a chance to move up the food chain (from agriculture and resource extraction into manufacturing then tertiary industry) -- but the failure to replace those less-skilled jobs by fostering entrepreneurial small business to fill niches in the global economy.

Big companies (and big governments) don't create jobs, they destroy them ... by mergers and acquisitions and the resulting rationalisations that follow. Small business is the engine of employment growth and the western governments have completely strangled small business and diversity through taxation, regulation ... and protection of big political contributors.

Thu, 04/28/2011 - 17:38 | 1218019 blunderdog
blunderdog's picture

Good lucking finding domestic customer service from any company that's profitable.

Thu, 04/28/2011 - 20:17 | 1218517 Truthiness
Truthiness's picture


Thu, 04/28/2011 - 23:05 | 1219082 technovelist
technovelist's picture

Top-level commercial technical support for US customers of Microsoft is US-based.

Thu, 04/28/2011 - 23:23 | 1219125 blunderdog
blunderdog's picture

Both good points, and the US market hasn't embraced either of those businesses because of price.

Big businesses which can afford MS paid-support and affluent folks who can afford Apple are the only ones.  But just as most people don't want to pay $1000 for a laptop, they don't want to pay $300 for support of a crashed Exchange server.

The market knows, yo.

Thu, 04/28/2011 - 18:09 | 1218152 Arkadaba
Arkadaba's picture

I've been bitching about off-shore customer service for years but in some cases there is no alternative. I would vote with my wallet but for certain services (like electric, gas)  - not available. 

Do NOT follow this link or you will be banned from the site!