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US economy regains all jobs lost in recession

from USA Today

Employers added 217,000 jobs in May as the labor market reached a milestone with the recovery of all 8.7 million jobs lost in the recession. The unemployment rate was unchanged at 6.3 percent, the Labor Department said. Economists surveyed by Action Economics estimated that 220,000 jobs were added in May. Employment, at 138.5 million, exceeds its pre-recession level for the first time in the nearly five-year-old recovery. Payrolls fell by 8.7 million from January 2008 through February 2010, but since then non-farm jobs have risen by 8.8 million. more


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