Chart of the Day: Net New Jobs in July

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The American economy added 215,000 new jobs last month, 90,000 of which were needed to keep up with population growth. This means that net job growth clocked in at 125,000 jobs and the unemployment rate was unchanged at 5.3 percent.

Unlike last month, which had a similar top line jobs number, this is a decent jobs report. There was no big exodus from the labor force and no big drop in the labor force participation rate. The number of employed workers went up by 101,000, the number of unemployed went down by 33,000, and the participation rate stayed steady. Nearly the entire gain in employment was from the private sector.

So….not too bad. As with most recent economic reports, it doesn’t suggest things are booming, but it does suggest that we’re plodding along. For what it’s worth, that’s better than Europe or China can say.

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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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