New jobs any day now…

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Kash at Angry Bear dives into the poor job numbers released today and finds: more bad news. Key quote: “The most disappointing part about the US economy’s poor job creation right now is that we may well be pretty much at the peak of economic growth for this business cycle.” So what do we do once the economy starts to slow over the next two years? Clearly it’s time for more tax cuts.

…one other note. The newspapers, while rightly dour, are noting that the employment number bounced up to 5.2 percent, down from 5.7 percent a year ago. That’s true, but the employment-to-population ratio, which also counts up all those people too discouraged from even looking for work, is only at 62.4 percent. That’s only slightly up from a year ago (62.2 percent) and far lower than the 64.7 percent in 2000. Oh, and wages keep declining.

Update: On the other hand, not everyone’s faring so poorly…

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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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