Chart of the Day: Net New Jobs in April

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The American economy added 165,000 new jobs last month, but about 90,000 of those jobs were needed just to keep up with population growth, so net job growth clocked in at 75,000. That’s OK, but not great. However, the BLS also revised its job growth estimates for the past two months fairly sharply upward. February’s figures are now positively giddy looking.

Overall, the headline unemployment number dropped to 7.5 percent. The number of long-term unemployed declined even more dramatically, and the labor force participation ratio was flat.

Basically, it was all fairly decent news, both in the top line numbers and in the details. If the fiscal cliff deal and the sequester have had a negative impact on the economy, it’s not really showing up in the job numbers yet. So far, 2013 is shaping up as a rerun of 2012, which means that although we still aren’t recovering at the rate we ought to be, at least we’re treading water fairly briskly.

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Fact:

In-depth journalism that investigates the powerful takes real money and is so damn important right now.But it doesn’t take a Mother Jones investigation to know that billionaires and corporations will never fund the type of reporting (like they do politicians) we do that exists to help bring about change. Instead, our mission-driven journalism is made possible by people power, and has been for 46 years now since our founding as a non-profit.

In “TITLE TK” Monica Bauerlein writes about the perilous moment we’re in, and why it’s so important that we raise $325,000 by the time November’s midterms are decided so we can be ready to throw everything we have at the big issues facing the nation no matter what happens. Please help MoJo’s people-powered journalism with a donation today.

$400,000 to go!

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