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Unemployment and Layoffs
Economy has recovered 8.7 million jobs lost in Great Recession
Economy has recovered 8.7 million jobs lost in Great Recession

The nation's employers created a solid number of jobs last month that pushed the economy to a milestone: It finally recovered all 8.7 million jobs lost during the Great Recession. But economists warned that it's not time yet to break out the champagne for a labor market that has failed to keep up with population growth over the last 6 1/2 years and continues to struggle to create higher-wage jobs. "Things are improving, but it's happening agonizingly slowly," said Heidi Shierholz, a labor market economist at the Economic Policy Institute. The milestone also marks the recession, which officially ran from December 2007 to June 2009, as the deepest and the slowest...

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