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 unemployment rate unexpectedly rose to 4.0 percent from April’s 3.9 percent. May marked the second straight month of increasing unemployment.
In addition to the unemployment increase, the job numbers continue to show the concerning trend of full-time work being replaced by part-time work. The number of full-time workers decreased on the net by roughly 625,000. Meanwhile, part-time workers increased by 286,000.
The National Pulse has covered the mounting evidence that job growth under the Biden government has almost entirely been fueled by immigrant labor , leaving native-born Americans struggling in the job market. The May jobs […]
— Read More: thenationalpulse.com
It’s becoming increasingly clear that fiat currencies across the globe, including the U.S. Dollar, are under attack. Paper money is losing its value, translating into insane inflation and less value in our life’s savings.
Genesis Gold Group believes physical precious metals are an amazing option for those seeking to move their wealth or retirement to higher ground. Whether Central Bank Digital Currencies replace current fiat currencies or not, precious metals are poised to retain or even increase in value. This is why central banks and mega-asset managers like BlackRock are moving much of their holdings to precious metals.
As a Christian company, Genesis Gold Group has maintained a perfect 5 out of 5 rating with the Better Business Bureau. Their faith-driven values allow them to help Americans protect their life’s savings without the gimmicks used by most precious metals companies. Reach out to them today to see how they can streamline the rollover or transfer of your current and previous retirement accounts.
Coffee the Christian way: Promised Grounds
