Full Jobs Recovery Now on Track For 2023

Today's unemployment news could be the best jobs report in a year. Private sector job growth spiked over 220,000, the second best month of the recovery, and a wide range of sectors from professional services to construction showed strength -- even if some of the jobs added were only temporary.

We're moving in the right direction, but it's important to remember how slowly we're moving. If the economy continues to add 200,000 jobs a month, we won't make back the recession's job loses until mid-2023, according to the Hamilton Project.

At current rates, when employment returns to 2007 levels, Justin Bieber will be 29 years old.

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Derek Thompson is a senior editor at The Atlantic, where he writes about economics, labor markets, and the entertainment business.

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