NEW YORK (April 4, 2014, CNNMoney) — After a winter slowdown, the job market hit a milestone in March as the private sector finally recovered all the jobs lost in the 2008 financial crisis.
The U.S. economy added 192,000 jobs. and the unemployment rate remained at 6.7% in March, the Bureau of Labor Statistics reported Friday.
Those job gains came entirely from the private sector, as government jobs were flat.
Looking strictly at the private sector, that means the labor market is back to its 2008 peak.
Why doesn’t it feel like a recovery?
Given it took four years to get to this point, this jobs recovery has been the slowest on record since the Labor Department started tracking the data in 1939.