The “Illegal Immigrant” Recovery? The Real Stunner In The Jobs Report
zerohedge.com / by Tyler Durden on 06/06/2015 14:15
Traditionally, when it comes to job numbers reported by the BLS’s Establishment (the source of the monthly nonfarm payrolls change) and Household (the source of the monthly unemployment rate data) surveys, there is a substantial discrepancy. However, 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.
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 (something even CNBC has been forced to acknowledge):
This has been the case throughout the recovery, and helps explain why while wage growth while barely rising for all workers, remains depressed and even negative inr eal terms for production and non-supervisory workers, which account for 83% of all US employment.
The post The “Illegal Immigrant” Recovery? The Real Stunner In The Jobs Report appeared first on Silver For The People.
Source: http://silveristhenew.com/2015/06/06/the-illegal-immigrant-recovery-the-real-stunner-in-the-jobs-report/
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