For a second month in a row, the U.S. economy gained a record number of jobs.

Following job gains of 2.7 million in May, the economy added  4.8 million more jobs in June.

And even as the labor force grew by 1.7 million workers, the unemployment rate fell by 2.2 percentage points, from 13.3% to 11.1%.

While unemployment is still high, the faster-than-expected turnaround and record gains show the resiliency of the American economy and prove that this is not another Great Recession.