Chart of the Day: Net New Jobs in September


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.

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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