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?

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is the first thing despots go after. An unwavering commitment to it is probably what draws you to Mother Jones' journalism. And as we're seeing in the US and the world around, authoritarians seek to poison the discourse and the way we relate to each other because they can't stand people coming together around a shared sense of the truth—it's a huge threat to them.

Which is also a pretty great way to describe Mother Jones' mission: People coming together around the truth to hold power accountable.

And right now, we need to raise about $400,000 from our online readers over the next two months to hit our annual goal and make good on that mission. Read more about the information war we find ourselves in and how people-powered, independent reporting can and must rise to the challenge—and please support our team's truth-telling journalism with a donation if you can right now.

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