May Payrolls Surged, But It’s Mostly From Part-Time Work Taken By Illegals.

The U.S. Bureau of Labor Statistics (BLS) reported Friday that the U.S. economy added 272,000 jobs in May, surpassing expectations by a significant margin. The figure is well above the Goldman Sachs and JPMorgan forecasts of 165,000 and 150,000 jobs, respectively. The median nonfarm payroll estimate was 180,000.Despite this robust increase in payroll numbers, the … Continue reading May Payrolls Surged, But It’s Mostly From Part-Time Work Taken By Illegals.