Chart of the Day: Net New Jobs in November

The American economy gained 266,000 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 176,000 jobs. This seems like a very robust number, but unfortunately most of it was a statistical artifact of a lot of people exiting the labor force. In real life, the number of employed was up modestly and the number of unemployed was down modestly. The employment-population ratio stayed the same as last month. The headline unemployment rate ticked down slightly to 3.5 percent.

Hourly wages for blue-collar workers were up a very healthy 3.7 percent. With inflation running at roughly 1.8 percent these days, that’s a real hourly wage increase of about 2.1 percent. That’s a great number, and it would be even better if we could sustain it for several months running.

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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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