Even though the unemployment rate dropped to 8.8 percent in March, there are still millions of Americans out of work. McDonald’s hopes to make a dent in this figure during a one-day hiring spree. On April 19, 2011, McDonald’s will hire 50,000 new workers at its 14,000 stores across the country.

The company will have part-time and full-time opportunities available with positions ranging from entry-level jobs to management. The average pay is $8.30 an hour, a bit higher than the federal minimum wage of $7.25 hour. Managers can expect to earn about $50,000 a year.

While 50,000 new jobs sounds great, these are not the kind of jobs that are going to have a significant long-term impact on families. An individual working full-time earning the average hourly rate will have an annual salary of just over $17,000. If this worker were single with no kids, he would be earning just over 150 percent of the federal poverty level. If a child were added to the family, making it a two-person household, then the pay would be slightly above the federal poverty level. This is definitely not a sustainable income in the long term.

The good news is that this position could be a springboard to better opportunities with the McDonald’s. The person that gets hired as a cashier today could be a store manager in a few years earning a salary that is above the national average. These positions could also be used as a temporary source of income while the individual looks for a better job.

I am looking forward to the official April 2011 unemployment report. I want to see the impact that this massive one-day hiring spree will have on the overall job growth figures for the month.

McDonald's is hiring 50,000 workers
On April 19, 2011, McDonald's will hire 50,000 new workers at stores across the country.