McDonald’s says it is plans to hire 50,000 additional U.S. workers later this month to cope with a pick up in domestic business. Hiring at the fast food giant will be across the board – from restaurant workers to senior managers – at a recruitment day scheduled for April 19.
McDonald’s hiring plan is the latest sign of an improving labor market. U.S. payrolls grew at their fastest pace in almost a year in March and the unemployment rate dropped to a two-year low, according to data recently released by the Labor Department.
While there may be relief in the works for our unemployment problem, the same can’t be said about sky-high oil prices.
Rising production costs and a strengthening global economy are likely to keep prices at least at the $100 mark, forecasters say. But Iran says prices could go even higher to $150.
Changes in Middle East politics, experts say, could mean oil producing nations won’t be as quick to push prices down, choosing instead to use the extra revenues to try and placate their constituents.
Bottom line: McDonald’s schedules big recruitment day and $100 oil is likely to be the new normal.