New jobs any day now…

Let our journalists help you make sense of the noise: Subscribe to the Mother Jones Daily newsletter and get a recap of news that matters.

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…


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

payment methods

We Recommend