U.S. Close to Recovering Jobs Lost in Financial Crisis
According to CNNMoney, the U.S. Department of Labor’s May jobs report is expected to show the addition of 200,000 jobs — well above the 113,000 jobs needed to hit the break-even point.
It’s taken more than four years to return to the pre-recession peak, but many of the jobs that have returned are not in the same regions or industries in which they were lost.
While professional office jobs are at an all-time high, only about one in four of construction and manufacturing jobs have returned.
Breaking even is an important milestone but it will take millions more jobs to return to the healthy job market before the recession — especially since there are about 15 million more working-age people now than in early 2008.