Chart of the Day: Net New Jobs in January

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Today is new jobs day, and my usual chart is below. It shows the number of net new jobs created over the past few years; that is, the number of new jobs above the 90,000 per month needed just to keep up with population growth and tread water. In January, that amounted to 153,000 net new jobs, pushing the headline unemployment rate down to 8.3%. That’s pretty good news. Brad Plumer has a useful warning about data revisions here. Jared Bernstein provides some context and details here. Matt Yglesias talks about what we need to do to keep the recovery going here.

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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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