May proved to be another strong month in the employment market, with the economy adding 217,000 jobs for the month. That marked the fourth straight month in which we gained more than 200,000 jobs in this country. The headline unemployment figure remained unchanged at 6.3 percent.
That consistency is worth noting. Since we emerged from the recession, this is the first time we've seen four consecutive months with more than 200,000 jobs added to the economy. Moreover, it's the first time in more than ten years we've had four straight months like that.
There was another milestone reached with the May report: The economy had shed 8.7 million jobs during the recession, bottoming out in February 2010. Since then, we have now added 8.8 million new jobs, so we're at least back to where we were before the crisis hit.
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