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.

DOES IT FEEL LIKE POLITICS IS AT A BREAKING POINT?

Headshot of Editor in Chief of Mother Jones, Clara Jeffery

It sure feels that way to me, and here at Mother Jones, we’ve been thinking a lot about what journalism needs to do differently, and how we can have the biggest impact.

We kept coming back to one word: corruption. Democracy and the rule of law being undermined by those with wealth and power for their own gain. So we're launching an ambitious Mother Jones Corruption Project to do deep, time-intensive reporting on systemic corruption, and asking the MoJo community to help crowdfund it.

We aim to hire, build a team, and give them the time and space needed to understand how we got here and how we might get out. We want to dig into the forces and decisions that have allowed massive conflicts of interest, influence peddling, and win-at-all-costs politics to flourish.

It's unlike anything we've done, and we have seed funding to get started, but we're looking to raise $500,000 from readers by July when we'll be making key budgeting decisions—and the more resources we have by then, the deeper we can dig. If our plan sounds good to you, please help kickstart it with a tax-deductible donation today.

Thanks for reading—whether or not you can pitch in today, or ever, I'm glad you're with us.

Signed by Clara Jeffery

Clara Jeffery, Editor-in-Chief

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