Jobs Report: Back to Where We Started

Ben Casselman:

The economy added 192,000 jobs in March, the 42nd consecutive month of growth, the Bureau of Labor Statistics reported Friday. All the gains were in the private sector, pushing nongovernment employment to 116 million, just above the prior record set in January 2008, when the recession was just beginning. The private sector lost 8.8 million jobs in the recession and has gained 8.9 million since.

But the wounds of the recession are far from fully healed.

Good news. Not great news. Could always be better news.

But—good news.