Chart of the Day: Net New Jobs in June

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The American economy added 222,000 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 132,000 jobs. That’s a decent number, about equal to the average of the past three years. The headline unemployment rate ticked up slightly to 4.4 percent, but that’s probably because a lot of new grads entered the labor force in June and haven’t yet found jobs.

Hourly earnings of production and nonsupervisory employees went up at an annual rate of 2.3 percent. Inflation has been declining for the past couple of months, so this represents a small increase on an annualized basis. Nothing to write home about, but at least it’s positive. All in all, this was a pretty positive report with no real downsides.

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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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