Chart of the Day: Net New Jobs in March

The American economy gained 103,000 jobs last month. We need 90,000 new jobs just to keep up with population growth, which means that net job growth clocked in at a very weak 13,000 jobs. The employment-population ratio was flat yet again, and the headline unemployment rate stayed steady at 4.1 percent. Wages of production and nonsupervisory workers were up 2.2 percent. That’s exactly the rate of inflation last month, so blue-collar workers saw no pay increase at all.

This is a pretty sluggish jobs report: new job creation stalled and blue-collar wages were flat. Let’s hope things pick up next month.

Fact:

Mother Jones was founded as a nonprofit in 1976 because we knew corporations and the wealthy wouldn’t fund the type of hard-hitting journalism we set out to do.

Today, reader support makes up about two-thirds of our budget, allows us to dig deep on stories that matter, and lets us keep our reporting free for everyone. If you value what you get from Mother Jones, please join us with a tax-deductible donation so we can keep on doing the type of journalism that 2018 demands.

Donate Now