July 8, 2016

Chart of the Day: Net New Jobs in June

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The American economy added 287,000 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 very robust 197,000 jobs. This makes up for May’s miserable jobs report, and suggests that economic growth is still chugging along at decent rate. The labor force expanded considerably in June and the number of unemployed also went up, producing a rise in the unemployment rate to 4.9 percent. This may be an artifact of graduating college students who haven’t yet found work.

Hourly earnings of production and nonsupervisory employees were up at an annual rate of about 2.3 percent compared to last month, a bit higher than the inflation rate. That’s not great, but at least it’s progress.

Overall, this jobs report was a relief. Employment growth over the past six months hasn’t been great, but at least it hasn’t been driven into a ditch.

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WE CAME UP SHORT.

We just wrapped up a shorter-than-normal, urgent-as-ever fundraising drive and we came up about $45,000 short of our $300,000 goal.

That means we're going to have upwards of $350,000, maybe more, to raise in online donations between now and June 30, when our fiscal year ends and we have to get to break-even. And even though there's zero cushion to miss the mark, we won't be all that in your face about our fundraising again until June.

So we urgently need this specific ask, what you're reading right now, to start bringing in more donations than it ever has. The reality, for these next few months and next few years, is that we have to start finding ways to grow our online supporter base in a big way—and we're optimistic we can keep making real headway by being real with you about this.

Because the bottom line: Corporations and powerful people with deep pockets will never sustain the type of journalism Mother Jones exists to do. The only investors who won’t let independent, investigative journalism down are the people who actually care about its future—you.

And we hope you might consider pitching in before moving on to whatever it is you're about to do next. We really need to see if we'll be able to raise more with this real estate on a daily basis than we have been, so we're hoping to see a promising start.

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