Reported at ZeroHedge:
...in May's far stronger than expected report, the two for the first time
were almost identical: the Establishment Survey reported an increase of
280K jobs, while according to the Household survey 272K jobs were added.
Impressive numbers in a month in which only 215K jobs were expected to be added....
That's pretty much the end of the 'good' news, though.
There were the usual kinks, of course. Two thirds of all jobs, according to the Establishment survey, were low-paying, low-quality jobs, primarily teachers, retail, temp help and waiters...
...the biggest surprise came from Table 7, where the BLS reveals the number of "foreign born workers"
used in the Household survey. In May, this number increased to 25.098
million, the second highest in history, a monthly jump of 279K...
...using the BLS' own Native-Born series,
also presented on an unadjusted basis, we find the following stunner:
since the start of the Second Great Depression, the US has added 2.3
million "foreign-born" workers, offset by just 727K "native-born"....
New sign on the restaurant door: "US Natives Need Not Apply."
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