On Friday we learned that the U.S. added another 195,000 (seasonally adjusted) non-farm jobs in June. That was a bit better than expected, and another sign that the economic recovery may be, ever so tentatively, gaining speed. But it will take 12 more months like June just to get non-farm employment back to the level of November 2007.
One Difference Between a Great Recession and a Great Depression: Jobs
We lost fewer jobs this time, perhaps because we learned from our mistakes.
July 08, 2013