Chart of the Day: Net New Jobs in April

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The American economy added 160,000 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 sluggish 70,000 jobs. The number of workers in the labor force declined, but the number of unemployed also declined, which means the headline unemployment rate stayed steady at 5.0 percent. Public sector employment decreased by 11,000 jobs.

Hourly earnings of production and nonsupervisory employees were up at an annual rate of about 2.9 percent compared to last month, which is only slightly higher than the rate of inflation. However, weekly hours worked were up, which means weekly earnings increased at a healthy annual rate of 6.7 percent.

Bottom line: not horrible but nothing to write home about. The economy is growing, but overall we seem to remain mired in a great stagnation.

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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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