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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THE TRUTH...

is the first thing despots go after. An unwavering commitment to it is probably what draws you to Mother Jones' journalism. And as we're seeing in the US and the world around, authoritarians seek to poison the discourse and the way we relate to each other because they can't stand people coming together around a shared sense of the truth—it's a huge threat to them.

Which is also a pretty great way to describe Mother Jones' mission: People coming together around the truth to hold power accountable.

And right now, we need to raise about $400,000 from our online readers over the next two months to hit our annual goal and make good on that mission. Read more about the information war we find ourselves in and how people-powered, independent reporting can and must rise to the challenge—and please support our team's truth-telling journalism with a donation if you can right now.

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