In the midst of an article posted on Five Thirty-Eight about job and wage growth in the U.S. economy, the author drops this little nugget of a statistic:
U.S. employers added 209,000 jobs in July . . . [which] marked the 82nd straight month of job growth, a record.
Quite the long haul of growth indeed. However, positive aspects aside, this just underscores how deep of a hole the economy was in that such a streak of ameliorative activity was necessary to get us to the current adequate moment. The U.S. economy is doing well but not overwhelmingly so.
The good news is that we’re not messing things up and going into negative territory again. The bad news, nearly seven years into the recovery much damage remains.