Chart of the Day: Net New Jobs in July

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The American economy added 215,000 new jobs last month, 90,000 of which were needed to keep up with population growth. This means that net job growth clocked in at 125,000 jobs and the unemployment rate was unchanged at 5.3 percent.

Unlike last month, which had a similar top line jobs number, this is a decent jobs report. There was no big exodus from the labor force and no big drop in the labor force participation rate. The number of employed workers went up by 101,000, the number of unemployed went down by 33,000, and the participation rate stayed steady. Nearly the entire gain in employment was from the private sector.

So….not too bad. As with most recent economic reports, it doesn’t suggest things are booming, but it does suggest that we’re plodding along. For what it’s worth, that’s better than Europe or China can say.

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This is a big one for us. So, as we ask you to consider supporting our team's journalism, we thought we'd slow down and check in about where Mother Jones is and where we're going after the chaotic last several years. This comparatively slow moment is also an urgent one for Mother Jones: You can read more in "Slow News Is Good News," and if you're able to, please support our team's hard-hitting journalism and help us reach our big $350,000 goal with a donation today.

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