Monday, October 5, 2015

New jobs report shows U.S. hired more foreign ‘bartenders’

Another month, another deceptive jobs report from the Bureau of Labor Statistics (BLS).  On Oct. 2, the government agency announced that for the month of September, only 142,000 jobs were created which was more than 60,000 below analyst estimates.  But what made this report quite intriguing was the fact that it was the first one reported after the Fed’s FOMC announcement not to raise interest rates, and seemingly justified the central bank’s decision not to increase the cost of cheap money to the economy.
Yet when you look more closely at the report, it solidifies what only a few have been willing to discuss about the so-called great recovery, and that is that the majority of jobs being filled are by foreign workers, and that most of them are minimum to low wage ‘bartender’ jobs in the service industry.''

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