Last week, the Jobs Report hit a big milestone.
The U.S. economy has finally recovered all of the jobs lost during the recession.
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.