Chart of the Day: Net New Jobs in May


The American economy added 217,000 new jobs in March, but about 90,000 of those jobs were needed just to keep up with population growth, so net job growth clocked in at 127,000. The headline unemployment rate stayed steady at 6.3 percent.

As near as I can tell, there are no serious gotchas in this month’s report. The labor participation rate was stable, and the unemployment rate didn’t stay where it is because lots of people exited the labor force. This is a straightforward, decent-but-not-great jobs report, and it’s sure starting to look like this is where we’re going to be stuck for a while.

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DEMOCRACY DOES NOT EXIST...

without free and fair elections, a vigorous free press, and engaged citizens to reclaim power from those who abuse it.

In this election year unlike any other—against a backdrop of a pandemic, an economic crisis, racial reckoning, and so much daily crazy—Mother Jones' journalism is driven by one simple question: Will America will move closer to, or further from, justice and equity in the years to come?

If you're able to, please join us in this mission with a donation today. Our reporting right now is focused on voting rights and election security, corruption, disinformation, racial and gender equity, and the climate crisis. We can’t do it without the support of readers like you, and we need to give it everything we've got between now and November. Thank you.

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