Chart of the Day: Net New Jobs in June

The American economy gained 224,000 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 a fairly strong 134,000 jobs. Here’s how things broke down generally, using data from the household survey:

That’s very healthy. The labor force grew faster than population growth, which means people are coming in off the sidelines to look for jobs. Of these new entries, however, many didn’t find jobs and were counted as unemployed (as opposed to not even looking), which is why the headline unemployment rate ticked up slightly to 3.7 percent.

On the earnings side, the news wasn’t as good. Wages of production and nonsupervisory workers increased at an annualized rate of about 2.1 percent. Adjusted for inflation, that’s nearly zero.

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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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