Chart of the Day: Net New Jobs in April


The American economy added 165,000 new jobs last month, but about 90,000 of those jobs were needed just to keep up with population growth, so net job growth clocked in at 75,000. That’s OK, but not great. However, the BLS also revised its job growth estimates for the past two months fairly sharply upward. February’s figures are now positively giddy looking.

Overall, the headline unemployment number dropped to 7.5 percent. The number of long-term unemployed declined even more dramatically, and the labor force participation ratio was flat.

Basically, it was all fairly decent news, both in the top line numbers and in the details. If the fiscal cliff deal and the sequester have had a negative impact on the economy, it’s not really showing up in the job numbers yet. So far, 2013 is shaping up as a rerun of 2012, which means that although we still aren’t recovering at the rate we ought to be, at least we’re treading water fairly briskly.

DOES IT FEEL LIKE POLITICS IS AT A BREAKING POINT?

Headshot of Editor in Chief of Mother Jones, Clara Jeffery

It sure feels that way to me, and here at Mother Jones, we’ve been thinking a lot about what journalism needs to do differently, and how we can have the biggest impact.

We kept coming back to one word: corruption. Democracy and the rule of law being undermined by those with wealth and power for their own gain. So we're launching an ambitious Mother Jones Corruption Project to do deep, time-intensive reporting on systemic corruption, and asking the MoJo community to help crowdfund it.

We aim to hire, build a team, and give them the time and space needed to understand how we got here and how we might get out. We want to dig into the forces and decisions that have allowed massive conflicts of interest, influence peddling, and win-at-all-costs politics to flourish.

It's unlike anything we've done, and we have seed funding to get started, but we're looking to raise $500,000 from readers by July when we'll be making key budgeting decisions—and the more resources we have by then, the deeper we can dig. If our plan sounds good to you, please help kickstart it with a tax-deductible donation today.

Thanks for reading—whether or not you can pitch in today, or ever, I'm glad you're with us.

Signed by Clara Jeffery

Clara Jeffery, Editor-in-Chief

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