April 6, 2012

Chart of the Day: Net New Jobs in March

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Here’s my usual monthly chart showing net new jobs created in March. Why net? Because the U.S. population increases every month, which means you need a certain number of new jobs just to tread water. This chart subtracts that out to show the true net growth in employment.

Bottom line: the number of net new jobs added in March was about 30,000. That’s better than zero, but still pretty crappy. If my previous post about the shadow banking system didn’t convince you that the economy is still too weak to be thinking about austerity, this one should.

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PLEASE—BEFORE YOU CLICK AWAY!

“Lying.” “Disgusting.” “Scum.” “Slime.” “Corrupt.” “Enemy of the people.” Donald Trump has always made clear what he thinks of journalists. And it’s plain now that his administration intends to do everything it can to stop journalists from reporting things it doesn’t like—which is most things that are true.

We’ll say it loud and clear: At Mother Jones, no one gets to tell us what to publish or not publish, because no one owns our fiercely independent newsroom. But that also means we need to directly raise the resources it takes to keep our journalism alive. There’s only one way for that to happen, and it’s readers like you stepping up. Please do your part and help us reach our $150,000 membership goal by May 31.

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