Weekend Economists Mark D Day, 2014 June 6-8, 2014

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13. US JOB MARKET RECOVERS LOSSES YET APPEARS WEAKER

http://hosted.ap.org/dynamic/stories/U/US_JOB_MARKET_THEN_AND_NOW?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2014-06-07-03-11-12

WASHINGTON (AP) -- The U.S. economy has finally regained the jobs lost to the Great Recession. But go easy on the hallelujahs. The comeback is far from complete.

Friday's report from the government revealed an economy healing yet marked by deep and lasting scars. The downturn that began 6 1/2 years ago accelerated wrenching changes that have left many Americans feeling worse off than they did the last time the economy had roughly the same number of jobs it does now.

Employers added 217,000 workers in May, more than enough to surpass the 138.4 million jobs that existed when the recession began in December 2007. But even as the unemployment rate has slipped to 6.3 percent from 10 percent at the depth of the recession, the economy still lacks its former firepower.

To many economists, the job figures are both proof of the sustained recovery and evidence of a painful transformation in how Americans earn a living.