The recovery reached a milestone in May: The U.S. economy finally has more jobs than when the recession began in December 2007.
Don’t get too excited, though. As I argue in a new FiveThirtyEight feature, this was, at best, a symbolic achievement. The U.S. has added 6 million working-age adults since 2007. Adjust for population growth and we’ve seen hardly any recovery at all. And while employment may be back to prerecession levels, unemployment isn’t even close.