May jobs report: We've recovered the jobs lost in the recession.

Small Victories: We’ve Recovered All the Jobs Lost During the Recession

A blog about business and economics.
June 6 2014 10:39 AM

Small Victories: We’ve Recovered All the Jobs Lost During the Recession

And thank god for that.

Photo by Justin Sullivan/Getty Images

The May employment report wasn't anything special—the U.S. added 217,000 new jobs and unemployment held at 6.3 percent—but it did give us a milestone of sorts. We have now recovered all of the jobs lost during the Great Recession, and then some. It took a while, but we got there, America. We did it.


Of course, the country has grown a bit during the past half decade, so our employment-to-population ratio is still in the pits. (Some of that can be chalked up to retiring baby boomers, but still.)


And ultimately, many of the jobs we've added pay far less than the ones they replaced. Anyway, see you next jobs day!

Jordan Weissmann is Slate's senior business and economics correspondent.

  Slate Plus
Aug. 4 2015 11:26 AM “If We Launch a Gay Section, Will You Write for It?” How I covered the battle for marriage equality, from Windsor to Obergefell.
  Health & Science
Aug. 4 2015 1:05 PM Euphoria Is the Word Archaeologists weren’t sure people would care about four bodies unearthed at Jamestown.