U.S. Economy Regains All Jobs Lost In Recession

Source: Paul Davidson / 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%, the Labor Department said Friday.

Economists surveyed by Action Economics estimated that 220,000 jobs were added last month.

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.

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