Economy recovers all jobs lost in Great Recession; don’t celebrate yet

by Jim Puzzanghera, The Los Angeles Times  |  published on June 6, 2014

After adding 217,000 net new jobs last month, the U.S. economy has recovered all the positions lost during the Great Recession. But economists warned that the news Friday from the Labor Department was no real reason to celebrate.

“Things are improving, but it’s happening agonizingly slowly,” said Heidi Shierholz, a labor market economist at the Economic Policy Institute.

“At the pace we are currently going, it will take nearly four more years to get back to prerecession labor market conditions.”

Total nonfarm employment in May reached 138.463 million, surpassing the previous high point of 138.365 million in January 2008, the Labor Department said.

No comments yet - you can be the first!

Comments are closed.

Do you Love your country but hate your government?

Join your fellow Libertarians who seek a world of liberty; a world in which all individuals are sovereign over their own lives and no one is forced to sacrifice his or her values for the benefit of others. Join over 500,000 Americans who get their daily dose of minimal government and maximum freedom with The New Liberty Movement.

We know how important your privacy is and your information is SAFE with us. We’ll never sell
your email address and you can unsubscribe at any time directly from your inbox.
View our full privacy policy.