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Fluke or trend? US added 223,000 jobs in May

With the monthly job-creation streak continuing to set records, the data shed light both on the rebound from the recession and on what's left to be desired

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Ben Casselman, Jim Tankersley & Matt Phillips | NYT
Friday’s jobs report was a blockbuster: Job growth rebounded after a recent dip, and the unemployment rate fell to a nearly two-decade low. But it’s worth taking a step back and putting the latest numbers in some longer-run context.
 
The United States lost nearly 8.7 million jobs in the Great Recession and its aftermath. It has gained 18.9 million since then — a powerful rebound that belied fears of another “jobless recovery.” (Net growth was needed just to keep pace with the working-age population, which has increased by about 10 million during the same period.)
 
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