Chart of the Day: Net New Jobs in March


The American economy added 192,000 new jobs in March, but about 90,000 of those jobs were needed just to keep up with population growth, so net job growth clocked in at 102,000. The headline unemployment rate was unchanged at 6.7 percent.

This is basically good news. The labor force participation rate increased because 500,000 people entered the labor force, and the raw number of unemployed stayed about the same. The fact that people are returning to the labor force is pretty positive, as is the fact that jobs numbers for January and February were revised upward a bit. Jared Bernstein points out that wage growth has been fairly strong over the past year, which also counts as good news as long as the Fed doesn’t use this as an excuse to start tightening monetary policy.

Overall, the economy is still puttering along, perhaps now back in second gear. It’s nothing to crow about, but it’s better than we’ve been doing for the past couple of months.

$500,000 MATCHING GIFT

In 2014, before Donald Trump announced his run for president, we knew we had to do something different to address the fundamental challenge facing journalism: how hard-hitting reporting that can hold the powerful accountable can survive as the bottom falls out of the news business.

Being a nonprofit, we started planning The Moment for Mother Jones: A special campaign to raise $25 million for key investments to make Mother Jones the strongest watchdog it can be. Five years later, readers have stepped up and contributed an astonishing $23 million in gifts and future pledges. This is an incredible statement from the Mother Jones community in the face of the huge threats—both economic and political—against the free press.

Read more about The Moment and see what we've been able to accomplish thanks to readers' incredible generosity so far, and please join them today. Your gift will be matched dollar for dollar, up to $500,000 total, during this critical moment for journalism.

We Recommend

Latest

Sign up for our newsletters

Subscribe and we'll send Mother Jones straight to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate

We have a new comment system! We are now using Coral, from Vox Media, for comments on all new articles. We'd love your feedback.