Employment Picture Still Struggling

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Today’s employment news is pretty anemic:

The U.S. Labor Department said in its closely-watched jobs report Friday that nonfarm payrolls rose by 431,000 last month, the largest gain since March 2000. That followed an unrevised 290,000 increase in April….However, the May figure was boosted by the hiring of 411,000 temporary workers for the Census. Only 41,000 private-sector jobs were added.

….Employment in professional and business services rose by 22,000. Manufacturing continued to trend up, rising by 29,000. The industry, which has been leading the economy’s recovery, has added 126,000 jobs over the past five months. Construction, a sector of the economy that remains soft, lost 35,000 jobs in May.

The construction sector number comes as no surprise. With the federal government’s tax credit for first-time home buyers expiring, the housing market is losing what little steam it had earlier in the year, and that promises to continue. As CBPP’s Chad Stone says, “Under these circumstances, policymakers should have no qualms about passing a robust jobs bill — indeed, they would be derelict not to.” Preach it, brother.
 

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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 bluster—Mother Jones' journalism is driven by one simple question: Will America 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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