The January jobs report from the Bureau of Labor Statistics (BLS) provided good news. Non-farm employment increased by 257,000 jobs, exceeding the consensus expectation of economists. And the November-to-January numbers showed the largest three-month rise in employment in seven years.
The robust job creation numbers mean that the economy has now replaced the positions lost during the Great Recession. BLS data show that more Americans are employed now than were working in November 2007.
Job creation looks even stronger when examined during the current economic recovery alone.