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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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!

payment methods

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