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The national economy has finally gained back all jobs lost during recession, 79 months after the recession began. Not only are we back to the pre-recession employment peak—we’re 98,000 jobs above it.
The 217,000 new jobs created in May represent the fourth consecutive month of more than 200,000 payroll additions, the first time that this has happened during the recovery of late. Unemployment held steady at 6.3 percent, as did the labor force participation rate at its low of 62.8 percent.
See details on the data, including demographic, geographic and industry breakdowns, in this report featuring research from the Bureau of Labor Statistics and JLL.