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This morning we learned that the U.S. economy added 165,000 jobs in April. And the unemployment rate fell to 7.5 percent.
Overall, the
However, it continues to reflect a labor market that remains incredibly weak almost four years into the economic recovery.
Calculated Risk runs a chart every month that puts the current jobs recovery into perspective.
"This shows the depth of the recent employment recession — worse than any other post-war recession — and the relatively slow recovery due to the lingering effects of the housing bust and financial crisis," writes Bill McBride of Calculated Risk.
