Job Creation Has Been on a Downward Slide For More Than Two Years

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For some reason I was prompted to create this chart yesterday:

There’s a ton of noise in this series, but nonetheless the fitted trendline is fairly clear. Net new job creation1 has been on a steady downward slide for more than two years, declining from a monthly average of 140,000 in 2015 to 100,000 in 2016 to 70,000 so far this year. I don’t know how meaningful this is, but it doesn’t really seem like a good thing, does it?

1We need 90,000 new jobs just to keep up with population growth. Thus, net new job creation is the number of new jobs minus 90,000.

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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