Chart of the Day: Net New Jobs in July

So how did we do on the jobs front in July? Obviously we’re in new territory these days, but I think the answer is “meh”:

The BLS reports that we gained 1.8 million jobs, which is less than half what we gained in June. On the unemployment front, there were 6.3 million fewer workers who had been unemployed for 5-14 weeks, but 4.6 million more workers who had been unemployed for 15-26 weeks. The industries with the biggest gains were leisure, temp services, and retail.

On the earnings front, the news was all bad: hourly wages of blue-collar workers were down about 5 percent on an annualized basis. Wages for retail workers were down 3.4 percent from June, or 42 percent on an annualized basis. That’s not a typo. It would appear that retailers took the opportunity of COVID-19 to slash pay for their workers. Isn’t that lovely?

DEMOCRACY DOES NOT EXIST...

without free and fair elections, a vigorous free press, and engaged citizens to reclaim power from those who abuse it.

In this election year unlike any other—against a backdrop of a pandemic, an economic crisis, racial reckoning, and so much daily crazy—Mother Jones' journalism is driven by one simple question: Will America move closer to, or further from, justice and equity in the years to come?

If you're able to, please join us in this mission with a donation today. Our reporting right now is focused on voting rights and election security, corruption, disinformation, racial and gender equity, and the climate crisis. We can’t do it without the support of readers like you, and we need to give it everything we've got between now and November. Thank you.

DEMOCRACY DOES NOT EXIST...

without free and fair elections, a vigorous free press, and engaged citizens to reclaim power from those who abuse it.

In this election year unlike any other—against a backdrop of a pandemic, an economic crisis, racial reckoning, and so much daily crazy—Mother Jones' journalism is driven by one simple question: Will America move closer to, or further from, justice and equity in the years to come?

If you're able to, please join us in this mission with a donation today. Our reporting right now is focused on voting rights and election security, corruption, disinformation, racial and gender equity, and the climate crisis. We can’t do it without the support of readers like you, and we need to give it everything we've got between now and November. Thank you.

We Recommend

Latest

Sign up for our free newsletter

Subscribe to the Mother Jones Daily to have our top stories delivered directly to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate