217,000 Jobs Added; Payrolls Finally Surpass Pre-Recession Numbers
The labor participation rate, which is closely watched by economists and the Federal Reserve as a yardstick for the overall health of the economy, was unchanged at 62.8 percent.
In recent months, the labor participation rate has been hovering at lows not seen since the late 1970s, a sign that increasing numbers of Americans have given up the search for jobs and dropped out of the work force entirely.
Over the last six months, employers have added an average of just over 200,000 people a month to their payrolls, with momentum rising recently after more anemic job gains in December and January. Average hourly earnings in May rose 5 cents, to $24.38, and are up 2.1 percent over the last 12 months. The length of the typical workweek, 34.5 hours, did not change.
Here’s the landmark:
Click here for reuse options!Almost exactly five years into the recovery, total payrolls have finally surpassed where they were before the recession.
Copyright 2014 Liberaland
18 responses to 217,000 Jobs Added; Payrolls Finally Surpass Pre-Recession Numbers
Leave a Reply
You must be logged in to post a comment.
John Tarter June 6th, 2014 at 09:35
And it only took some 6 years for this to happen. Let us not forget that most of these new jobs are LOW PAYNG service jobs, you know the kind of jobs that GWB was castigated for creating by the left.
arc99 June 6th, 2014 at 10:19
right wingers demand reduction in the size of government and when those government workers are laid off in downsizing, you whine about unemployment.
right wingers whine about unemployment going up. but when unemployment is finally down, lower than when the President took office, you whine about how long it took.
yes, it took six years to clean up the economic debacle left behind by the previous President. for once you are correct.
and please don’t give me the standard right wing bullsh*t about who was controlling Congress. it is just empty babbling unless you are prepared to cite the specific legislation that Democrats in Congress supported, Republicans in Congress did not, but President Bush signed.
arc99 June 6th, 2014 at 10:27
I suppose you can back up your claim about the “left” “castigating” GWB. or was that bullsh*t too as I suspect. That is the difference between the left and the right. We base our opinions on facts which are easily and objectively verified.
You folks base your opinions on bullsh*t made up out of thin air. On those rare occasions you do provide a reference, it is a link to some other right winger who made up bullsh*t out of thin air.
http://www.nytimes.com/2012/06/20/business/public-workers-face-continued-layoffs-and-recovery-is-hurt.html?pagewanted=all
Public Workers Face New Rash of Layoffs, Hurting Recovery
http://www.cnn.com/2012/04/13/politics/campaign-wrap/
Romney condemns Obama’s ‘assault on our economic freedom’
granpa.usthai June 6th, 2014 at 11:49
using standard human mathematics since mankind has figured out how many fingers and toes on average, per unit, (10 counting thumbs) 6 years is a tad bit shorter than – NEVER.
even in his wildest drugged out Viagra Addicted mind, Limpbag will never be able to convince the SANE American workers that the only way for America to survive is to crash and burn the economy to a level below the last Great Republican Economic DEPRESSION.
some nice whimpering on your part though. Shows that the ONLY way to proceed is to totally ignore the WHITE RACIST REPUBLICAN tempie tantrums. (something I’ve been saying since January 2009).
John Tarter June 6th, 2014 at 09:35
And it only took some 6 years for this to happen. Let us not forget that most of these new jobs are LOW PAYNG service jobs, you know the kind of jobs that GWB was castigated for creating by the left.
arc99 June 6th, 2014 at 10:19
right wingers demand reduction in the size of government and when those government workers are laid off in downsizing, you whine about unemployment.
right wingers whine about unemployment going up. but when unemployment is finally down, lower than when the President took office, you whine about how long it took.
yes, it took six years to clean up the economic debacle left behind by the previous President. for once you are correct.
and please don’t give me the standard right wing bullsh*t about who was controlling Congress. it is just empty babbling unless you are prepared to cite the specific legislation that Democrats in Congress supported, Republicans in Congress did not, but President Bush signed.
arc99 June 6th, 2014 at 10:27
I suppose you can back up your claim about the “left” “castigating” GWB. or was that bullsh*t too as I suspect. That is the difference between the left and the right. We base our opinions on facts which are easily and objectively verified.
You folks base your opinions on bullsh*t made up out of thin air. On those rare occasions you do provide a reference, it is a link to some other right winger who made up bullsh*t out of thin air.
http://www.nytimes.com/2012/06/20/business/public-workers-face-continued-layoffs-and-recovery-is-hurt.html?pagewanted=all
Public Workers Face New Rash of Layoffs, Hurting Recovery
http://www.cnn.com/2012/04/13/politics/campaign-wrap/
Romney condemns Obama’s ‘assault on our economic freedom’
granpa.usthai June 6th, 2014 at 11:49
using standard human mathematics since mankind has figured out how many fingers and toes on average, per unit, (10 counting thumbs) 6 years is a tad bit shorter than – NEVER.
even in his wildest drugged out Viagra Addicted mind, Limpbag will never be able to convince the SANE American workers that the only way for America to survive is to crash and burn the economy to a level below the last Great Republican Economic DEPRESSION.
some nice whimpering on your part though. Shows that the ONLY way to proceed is to totally ignore the WHITE RACIST REPUBLICAN tempie tantrums. (something I’ve been saying since January 2009).
Obewon June 6th, 2014 at 11:55
GOP obstructionists smacked down again by POTUS Obama’s 9 M+ Private Jobs created including ‘6 M+ jobs created by the Obama/Dem 60% jobs Stimulus’-CBO. May 2014 is a new landmark private jobs record: “Total payrolls surpass pre-GWB 12/07-6/09 Great Recession levels!” RIP GOP. BLS March 2014. https://www.flickr.com/photos/speakerpelosi/13630053153/in/photostream/
Bob Waas June 7th, 2014 at 11:46
Hocus pocus. You failed to mention a few things from the pages of: U.S. Bureau of Labor Statistics
Job participation rate is at 62.8%, the lowest in 4 decades, which is a primary reason the unemployment rate has fallen rapidly in the years since the recession ended in 2009.
David Kelly, chief global strategist for JPMorgan Funds, said weakness in the labor force participation rate is a reminder of “some sluggish U.S. economic fundamentals.”
The economy has now recovered all of the 8.7 million jobs lost during the recession that followed the crisis. It hasn’t added jobs for those newly entering the job field.
The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers), at 7.3 million
In May, 2.1 million persons were marginally attached to the labor force
Among the marginally attached, there were 697,000 discouraged workers in May, little different from a year earlier.
95% of income gains went to the top1%
Income for middle wage earners is down $5,000
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
The income inequality gap has grown under Obama and his solution is to raise the minimum wage. Really? That is like saying “we need to raise the blood alcohol rate because we’re getting too many drunk drivers.” Raising the minimum wage just shuts more inexperienced workers out of the jobs market; which are the same people they are trying to help. If you don’t believe it, just look at the unemployment rate of our youth.
While the economy may be making some small gains, it is not the robust kind that will sustain us over the long term.
Obewon June 7th, 2014 at 14:19
Breaking News: “Bob Waas Sr.” banned by FaceBook. https://www.facebook.com/people/Bob-Waas/100000982890729
mea_mark June 7th, 2014 at 14:28
I stay away from facebook. Do you know why?
Obewon June 7th, 2014 at 14:34
No, but that maybe why he switched to using a G+ ID. It could be related to Nigerian email scams similar to offering unregistered options on Winklevoss twins FB stock.
Obewon June 6th, 2014 at 11:55
GOP obstructionists smacked down again by POTUS Obama’s 9 M+ Private Jobs created including ‘6 M+ jobs created by the Obama/Dem 60% jobs Stimulus’-CBO. May 2014 is a new landmark private jobs record: “Total payrolls surpass pre-GWB 12/07-6/09 Great Recession levels!” RIP GOP. BLS March 2014. https://www.flickr.com/photos/speakerpelosi/13630053153/in/photostream/ (Below good news burst Birther-Bob Wass bubble ‘9 M+ Jobs Surpass Pre-12/07 to 6/09 Bush Great Recession record low everything numbers,’ or that ‘all U.S. adults of working ages 18 to 65’ =”62% of today’s U.S. population” as WW-II baby boomers like 75 year old Bob retired.)
Bob Waas June 7th, 2014 at 11:46
Hocus pocus. You failed to mention a few things from the pages of: U.S. Bureau of Labor Statistics
Job participation rate is at 62.8%, the lowest in 4 decades, which is a primary reason the unemployment rate has fallen rapidly in the years since the recession ended in 2009.
David Kelly, chief global strategist for JPMorgan Funds, said weakness in the labor force participation rate is a reminder of “some sluggish U.S. economic fundamentals.”
The economy has now recovered all of the 8.7 million jobs lost during the recession that followed the crisis. It hasn’t added jobs for those newly entering the job field.
The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers), at 7.3 million
In May, 2.1 million persons were marginally attached to the labor force
Among the marginally attached, there were 697,000 discouraged workers in May, little different from a year earlier.
95% of income gains went to the top1%
Income for middle wage earners is down $5,000
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
The income inequality gap has grown under Obama and his solution is to raise the minimum wage. Really? That is like saying “we need to raise the blood alcohol rate because we’re getting too many drunk drivers.” Raising the minimum wage just shuts more inexperienced workers out of the jobs market; which are the same people they are trying to help. If you don’t believe it, just look at the unemployment rate of our youth.
While the economy may be making some small gains, it is not the robust kind that will sustain us over the long term.
Obewon June 7th, 2014 at 14:19
Breaking News: “Bob Waas Sr.” banned by FaceBook. https://www.facebook.com/people/Bob-Waas/100000982890729
mea_mark June 7th, 2014 at 14:28
I stay away from facebook. Do you know why?
Obewon June 7th, 2014 at 14:34
No, but that maybe why he switched to using a G+ ID. It could be related to Nigerian email scams similar to offering unregistered options on Winklevoss twins FB stock. We’ll need a FB user to login and validate why Bob Sr’s link is kaput. (I’ll guess he’s repeating the past and been busted for a whole host of faux Family FB ID’s used for dissembling.)