The Scariest Chart in the World Just Got a Lot Less Scary

Last week, the Jobs Report hit a big milestone.

The U.S. economy has finally recovered all of the jobs lost during the recession.


140608 Employment Losses in Recessions

 via Calculated Risk.

It took more then 6 years to exceed the previous employment peak. However, this recovery took place during a period of declining participation – partially due to demographics – and that made making the  milestone harder.

Of course because of population growth, we're still "behind" in terms of total jobs, but at least this is one benchmark that's been cleared.

Many people called it the "Scariest Jobs Chart Ever".  Well, it got a lot less scary.

Nonetheless, there is still a long way to go.

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