Chart of the Day: The Real Employment Picture

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Autocratic forces are ascendant.

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The economy added 117,000 jobs in July. Unfortunately, we need to add about 150,000 jobs each month merely to keep up with population growth. So the real net job growth picture is actually negative. The chart below shows real net job growth since 2009, and it’s obviously not a pretty picture. It would be nice if Republicans in Congress would allow us to do something about this.