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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

Neera Tanden withdraws nomination for Office of Management and Budget director

Neera Tanden testifying before the Senate Budget Committee in Washington, D.C., in February 2021. Photo: Anna Moneymaker/The New York Times/Bloomberg via Getty Images

Neera Tanden withdrew her name from nomination to lead the Office of Management and Budget after several senators voiced opposition and concern about her qualifications and past combative tweets, President Biden announced Tuesday.

Why it matters: Tanden’s decision to pull her nomination marks Biden's first setback in filling out his Cabinet with a thin Democratic majority in the Senate.

What's ahead for the newest female CEOs

Jane Fraser (L) and Rosalind Brewer. Photos: Jason Redmond/AFP via Getty Images; Rodrigo Capote/Bloomberg via Getty Images.

The number of women at the helm of America’s biggest companies pales in comparison to men, but is newly growing — and their tasks are huge.

What's going on: Jane Fraser took over at Citigroup this week, the first woman to ever lead a major U.S. bank. Rosalind Brewer will take the reins at Walgreens in the coming weeks (March 15) — a company that's been run by white men for more than a century.

3 hours ago - Health

Biden says U.S. will have enough vaccines for 300 million adults by end of May

President Biden. Photo: Anna Moneymaker-Pool/Getty Images

President Biden on Tuesday said that ramped-up coronavirus vaccine production will provide enough doses for 300 million Americans by the end May.

Why it matters: That's two months sooner than Biden's previous promise of enough vaccines for all American adults by the end of July.