Market Overview

What McDonald's, Wal-Mart, The DoD, China Petroleum And Foxconn Have In Common

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  • With the end of 2015 just around the corner, it's a good time to look back at the year in figures.
  • Let's look into the world's largest employers in 2015, according to the World Economic Forum.

According to information released by the World Economic Forum, the largest employer in the world in 2015 was none other than the U.S. Department of Defense. The DoD employed roughly 3.2 million people, far more than Indian Railways, with 1.4 million workers or the UK NHS with 1.7 million people.

A few other companies and government entities also provide more jobs than Indian Railways or the NHS. The second-biggest employer in the world is the People's Liberation Army (the Chinese military) with 2.3 million workers.

The top five is completed by retail giant Wal-Mart Stores, Inc. (NYSE: WMT), with 2.1 million employees (including 175,000 people who work for UK supermarket chain, Asda); McDonald's Corporation (NYSE: MCD),  with 1.9 million workers, although most of them work at franchised restaurants; and the UK NHS.

Completing the top 10 are state-owned China National Petroleum Corporation (CNPC), State Grid Corporation of China, Indian Railways, the Indian Armed Forces and Hon Hai Precision Industry Co., Ltd.-ADR (OTC: HNHPF).

Infographic: The World's Biggest Employers | Statista

Source: Statista

A few interesting things to notice: (1) China, India and the US, the three largest countries in the world by population, have nine of the 10 largest employers in the world; (2) Hon Hai (a.k.a Foxconn) may not be very well known among consumers, but it is the main manufacturer for companies like Apple Inc. (NASDAQ: AAPL), Microsoft Corporation (NASDAQ: MSFT) and Nintendo Co., Ltd (ADR) (OTC: NTDOY).

Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.

Posted-In: China National Petroleum Corporation CNPC Department of Defense DoD Indian RailwaysNews Global Economics

 

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