The U.S. economy added 209,000 jobs in July, the Labor Department reported Friday. That means the United States has added at least 200,000 jobs a month for six straight months, a streak unmatched since 1997.
Ah, 1997. Seems like just yesterday. Little did we recognize the peril on our horizon. A housing bubble would burst within 10 years, and the aftermath would send hundreds of thousands of jobs down the drain. Americans are still crawling out of the financial hole left by the Great Recession.