J: On May 3, the BLS gave us stunningly good news on the US labor market in April As the chart shows, nonfarm payroll employment increased by 263,000 jobs that month to a record of 151,095,000 such jobs. The low point since the December 2007 to June 2009 recession was not reached until February 2010 at 129,715,000 nonfarm payroll jobs. That was a decline of 8,707,000 jobs or 6.3 percent from the peak of 138,422,000 jobs in January 2008. Every single month from October 2010 through April 2019 has shown an increase in nonfarm payroll jobs on a seasonally adjusted basis. That's an amazing 103 consecutive months of growth. It took a long time to recover all those jobs lost in the recession.
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