Chart of the Day: Net New Jobs in July

The American economy added 209,000 new jobs last month, 90,000 of which were needed to keep up with population growth. This means that net job growth clocked in at 119,000 jobs. That’s an OK number, about the same as last month and equal to the average of the past three years. The headline unemployment rate ticked down slightly to 4.3 percent, all of it due to an increase in the number of employed people. A net of about 150,000 people re-entered the labor force, and the labor participartion rate ticked up slightly.

Hourly earnings of production and nonsupervisory employees went up at an annual rate of 3.4 percent. Inflation is currently running at 1.6 percent, so that’s pretty good. If we could only keep this up for a year or two, we might have a real recovery. All in all, this was a modestly positive report with no real downsides.

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REAL QUICK, REAL URGENT

Minority rule, corruption, disinformation, attacks on those who dare tell the truth: There is a direct line from what's happening in Russia and Ukraine to what's happening here at home. And that's what MoJo's Monika Bauerlein writes about in "Their Fight Is Our Fight" to unpack the information war we find ourselves in and share a few examples to show why the power of independent, reader-supported journalism is such a threat to authoritarians.

Corrupt leaders the world over can (and will) try to shut down the truth, but when the truth has millions of people on its side, you can't keep it down for good. And there's no more powerful or urgent argument for your support of Mother Jones' journalism right now than that. We need to raise about $450,000 to hit our online fundraising budget in these next few months, so please read more from Monika and pitch in if you can.

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