Good Jobs News in April

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I may be generally pessimistic about the economy, but we did get a good jobs report today. It wasn’t just census hiring either. It was legitimately strong private sector job growth. The unemployment rate rose at the same time — and as the CBPP chart on the right suggests, this means we’re probably in for a long, slow, grueling, recovery — but Eric Lascelles of TD Securities explains why a rising unemployment rate isn’t entirely a bad thing:

The household survey argued for an even better 550,000 job gain in April, but the number of people looking for jobs rose by an even larger 805,000. As such, the unemployment rate went up. However, the interpretation can be spun in a positive direction since job applicants must be feeling good to seek entry to the labour force in such large numbers.

Steve Benen’s employment chart is below. On the less bright side, long-term unemployment increased and wage growth was flat. The latter is obviously normal during the early stages of a recovery, but still, it needs to change if consumer spending is going to keep fueling growth. Overall, though, the report was good news. I’m still sort of pessimistic, but then again, I’m always sort of pessimistic.

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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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