Chart of the Day: Net New Jobs in September

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The American economy added 142,000 new jobs last month, 90,000 of which were needed to keep up with population growth. This means that net job growth clocked in at a lackluster 52,000 jobs. The July and August numbers were revised downward by 59,000 jobs. The headline unemployment rate stayed steady at 5.1 percent, partly because the number of unemployed workers was down, but partly because half a million people dropped out of the labor force. Hourly earnings of production and nonsupervisory employees were flat, though weekly earnings were down at an annualized rate of 3.6 percent.

This is a pretty weak report. It’s not a disaster, but it suggests just how fragile the economy remains. A stronger dollar and weakness in China are likely taking a toll. We keep waiting for liftoff, but it never seems to come. We continue to dog paddle along.

HERE ARE THE FACTS:

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ONE MORE QUICK THING:

Our fall fundraising drive is off to a rough start, and we very much need to raise $250,000 in the next couple of weeks. If you value the journalism you get from Mother Jones, please help us do it with a donation today.

As we wrote over the summer, traffic has been down at Mother Jones and a lot of sites with many people thinking news is less important now that Donald Trump is no longer president. But if you're reading this, you're not one of those people, and we're hoping we can rally support from folks like you who really get why our reporting matters right now. And that's how it's always worked: For 45 years now, a relatively small group of readers (compared to everyone we reach) who pitch in from time to time has allowed Mother Jones to do the type of journalism the moment demands and keep it free for everyone else.

Please pitch in with a donation during our fall fundraising drive if you can. We can't afford to come up short, and there's still a long way to go by November 5.

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