May payrolls report really about McJobs

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http://www.marketwatch.com/story/may-payrolls-report-really-about-mcjobs-2011-05-29

WASHINGTON (MarketWatch) — For over two decades, the term “McJob” has been used as code word for the kind of low-paying, low-skilled employment that all too often has characterized the opportunities available in an economy with an eroding manufacturing base.

But the May payrolls report, due Friday from the Labor Department, really will be influenced by hiring from McDonald’s /quotes/comstock/13*!mcd/quotes/nls/mcd MCD -0.24% .

On April 19 — about a week after the government conducted its survey for the April jobs report — the hamburger chain ran a promotion designed to hire 50,000 workers. In fact, the fast food giant hired 62,000, most of whom will receive just little above the federal minimum wage.

Given that economists polled by MarketWatch were expecting May payrolls to slow to 180,000 from 244,000 in April, there’s a possibility that McJobs will account for a big slice of the jobs created by the U.S. economy during the month.