Chart of the Day: Net New Jobs in March

The American economy gained 103,000 jobs last month. We need 90,000 new jobs just to keep up with population growth, which means that net job growth clocked in at a very weak 13,000 jobs. The employment-population ratio was flat yet again, and the headline unemployment rate stayed steady at 4.1 percent. Wages of production and nonsupervisory workers were up 2.2 percent. That’s exactly the rate of inflation last month, so blue-collar workers saw no pay increase at all.

This is a pretty sluggish jobs report: new job creation stalled and blue-collar wages were flat. Let’s hope things pick up next month.

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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!

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