The U.S. Recovery Is Finished as Nation Recovers Jobs Lost in Recession
Jobs numbers came in-line with consensus expectations, but the return of nearly 9 million jobs lost during the financial crisis is bittersweet.
The Labor Department reports Friday that the United States in May added 217,000 jobs, while the unemployment rate remained at 6.3%. Moody's Analytics economist Ben Garber tells TheStreet's Joe Deaux the report came in-line with consensus expectations, but adds that the return of nearly 9 million jobs lost during the financial crisis is bittersweet. Garber says too many people continue to have part-time work, but says that the latest market trends suggest the labor situation is steadily improving. Find out more about what Garber thinks about the latest nonfarm payroll report.
