The worldwide excitement generated by the Olympic Games needs to be examined in terms of economic impact. The Olympic Games is defined in economic terms by the Pre Olympic Period, the Olympic Year, and the Olympic Legacy Period. The purpose of this study is to determine the effects of hosting the Olympics on a nation’s employment rates. The hypothesis is that hosting the Olympics improves employment in the Pre Olympic Period and Olympic Year Period but likely has minimal effect during the Olympic Legacy Period. Contrary to the hypothesis the results suggest that hosting the Olympics has no significant effect on employment as a percentage of the population in an Olympic host nation. However, the trend in all three Olympic Periods was favorable for improved national employment.