Chart of the Day: Net New Jobs in November


The American economy added 203,000 new jobs in November, but about 90,000 of those jobs were needed just to keep up with population growth, so net job growth clocked in at 113,000. This is slightly better than the rate we’ve seen all year, but only slightly. We’re plowing ahead, but not really making up lost ground from the Great Recession.

Comparisons with October are tricky, since that was the month of the government shutdown. However, compared to September, the labor force shrank by 265,000 and the labor force participation rate declined from 63.2 percent to 63.0 percent, while the number of unemployed shrank by 348,000. That produced a drop in the headline unemployment rate to 7.0%. However, some of that was due to the shrinking labor force, so it’s only partially good news.

So….it’s sort of a Groundhog Day jobs report. The good news is that job growth is steady despite the sequester and other austerity measures. The bad news is that people are still dropping out of the labor force in significant numbers, and we aren’t really seeing any acceleration in the job market. We’re still treading water.

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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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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