Chart of the Day: Net New Jobs in May

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The American economy added 175,000 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 85,000. That’s about the same as last month: OK, but not great. The headline unemployment number increased from 7.5 percent to 7.6 percent (actually from 7.51 percent to 7.56 percent) thanks to a small increase in the number of people who rejoined the labor force and are looking for work.

Once again, the fiscal cliff deal and the sequester don’t seem to be showing up in the job numbers yet—though public sector employment was flat and federal employment was down, which might be partly due to cutbacks. In any case, the changes aren’t huge. So far, it looks like we’re continuing to tread water.

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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 crazy—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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