Chart of the Day: Net New Jobs in November

The American economy gained 155,000 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 an anemic 65,000 jobs. The unemployment rate stayed steady at 3.7 percent.

There was a big drop in the number of people who work part-time for non-economic reasons (i.e., they work part-time by choice), but it wasn’t clear what happened to them. Did they quit entirely and go back to housekeeping, or did they take up full-time work? Its unclear from the other numbers, but either way it’s probably a measure of a fairly strong economy.

Earnings of production and nonsupervisory workers increased at an annual rate of 3.8 percent. With inflation running at about 2.5 percent recently, that’s a real annualized increase of 1.3 percent. Not bad.


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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