Chart of the Day: Net New Jobs in February

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The American economy added 242,000 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 a respectable 152,000 jobs—and as usual, virtually all of it was in the private sector. The headline unemployment rate held steady at 4.9 percent. The number of employed people went up by a whopping 530,000, and labor force participation was up by 0.2 percentage points. Over the last two years, the employment-population ratio has been growing steadily, and it’s now up by a full percentage point since February 2014. This is very positive news: more and more people are re-entering the labor force and finding jobs.

Unfortunately, this strong employment result did nothing for wages: hourly earnings of production and nonsupervisory employees were flat compared to last month, and weekly earnings were down considerably, thanks to an across-the-board drop in the service sector. That’s unwelcome news after last month’s fairly robust wage growth. The economy is growing at a decent clip—and there are no signs of an imminent recession—but it’s just not sustaining much wage growth.

SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

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Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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