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A McDonald's in Lisbon's airport. Photo: Horacio Villalobos-Corbis/Corbis via Getty Images

Market watchers will get their first look at the new high-tech McDonald's, fresh off its recent acquisitions of Dynamic Yield and Plexure, as it rolls out its earnings on Monday.

What's new: For its next major push, the company announced Wednesday it plans to hire the elderly to fill summer jobs. USA Today's Charisse Jones writes: "If you're looking for a gig in your golden years, you might want to check under the Golden Arches."

  • "The fast-food giant will post positions on AARP's online job board as it tries to fill roughly 250,000 jobs over the summer. McDonald's is also working with the AARP Foundation to launch a pilot program in five states that will help match lower-income older Americans with potential jobs."

Why now? The share of teens aged 16–19 who work summer jobs has fallen significantly since the turn of the century. Despite some recovery since the end of the Great Recession, a just 35% had a summer job in 2017, compared to more than half of teens who had one in 2000 and 58% in 1978, according to Pew Research.

  • That trend is moving in exactly the opposite direction for older workers whose labor force participation rate is expected to keep rising, with the fastest pickup happening in the oldest segments of the population, those 65 to 74 and 75 and older, the Bureau of Labor Statistics says.

What they're saying: Teenagers are nice, but "they're in school, or aren't always excited about working that 5 a.m. shift," Melissa Kersey, chief people officer for McDonald’s USA tells USA Today. "So we believe matching this mature workforce with the breakfast and lunch shift ... is really important."

Go deeper: In the coming decades, seniors around the world will work long past 65

Go deeper

Biden's pick to lead major banking regulator drops out

Saule Omarova, nominee for Comptroller of the Currency, at a confirmation hearing on Nov. 18. Photo: Anna Moneymaker/Getty Images

President Biden's pick to head one of the country's most powerful banking regulators is dropping out of consideration for the post, according to a statement from Biden that accepted the withdrawal.

Why it matters: Saule Omarova, nominated to lead the Office of the Comptroller of the Currency, faced a tough path to confirmation — with opposition from Republicans and moderate Democrats.

Judge temporarily blocks Biden vaccine mandate for federal contractors

President Biden delivers remarks at the White House on Dec. 6 in Washington, D.C. Photo: Chip Somodevilla via Getty Images

A federal judge on Tuesday temporarily blocked President Biden's vaccine mandate for federal contractors nationwide.

Why it matters: It's the latest setback in the Biden administration's rollout of COVID vaccine requirements. Federal judges in two states temporarily barred the administration from enforcing mandates for millions of workers last week.

Biden threatens Putin

Photo: Kremlin Press Office/Handout/Anadolu Agency via Getty Images

In a video call that lasted for just over two hours on Tuesday, President Biden warned Russian President Vladimir Putin that if Russia invades Ukraine the U.S. will impose unprecedented sanctions and provide additional weaponry to the Ukrainians, national security adviser Jake Sullivan said.

Why it matters: Russia's military activity on the border with Ukraine has triggered alarms from the U.S. and its European allies of a potential large-scale Russian invasion in early 2022. Sullivan said Biden made clear to Putin that, "things we did not do in 2014, we are prepared to do now."