Chart of the Day: Net New Jobs

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The chart below shows net job growth every month since 2008. Why net? Because the U.S. population increases every month, which means you need a certain number of new jobs just to tread water. This chart subtracts that out to show the true net growth in employment.

I’ve run this chart before, but there are a couple of changes this time. First, per Dean Baker, I’m now using 90,000 as the number of jobs needed to keep pace with population growth. Second, I finally got off my ass and automated the whole thing on FRED instead of redrawing it every time I do this. You can link to it here and juggle the numbers yourself if you feel like it.

Bottom line: the number of net new jobs added in November was about 30,000. That’s better than zero, but not a lot better.

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TIME IS RUNNING OUT!

We have an ambitious $350,000 online fundraising goal this month and it's truly crunch time: About 15 percent of our yearly online giving usually comes in during the final week of the year, and in "No Cute Headlines or Manipulative BS," we explain why we simply can't afford to come up short right now.

The bottom line: Corporations and powerful people with deep pockets will never sustain the type of journalism Mother Jones exists to do. And advertising or profit-driven ownership groups will never make time-intensive, in-depth reporting viable.

That's why donations big and small make up 74 percent of our budget this year. There is no backup to keep us going, no alternate revenue source, no secret benefactor. If readers don’t donate, we won’t be here. It's that simple.

And if you can help us out with a donation right now, all online gifts will be matched thanks to an incredibly generous matching gift pledge.

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