Chart of the Day: Net New Jobs in July
The government's latest jobs report is out, so here's my usual monthly jobs chart, adjusted for population growth to show actual net job creation. It's finally in positive territory for the first time since March. However, because more people are looking for work (which is basically good news), the unemployment rate actually rose, from 8.22% to 8.25%. Due to rounding, this means the headline unemployment rate increased from 8.2% to 8.3%.