It is possible that 2014 will be the best year since 1999 for both total nonfarm and private sector employment.
Also employment has reached another milestone: total employment is now 98,000 above the previous peak, and and at a new all time high in May. Of course the labor force has continued to increase over the last 6+ years, and there are still millions of workers unemployed – so the economy still has a long way to go.
Note: Private payroll employment increased 216,000 in May and private employment is now 617,000 above the previous peak (the unprecedented large number of government layoffs has held back total employment).
Chosen excerpts by Job Market Monitor. Read the whole story at Calculated Risk: Comment: U.S. Employment at All Time High.
Discussion
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