Chart of the Day: Net New Jobs in October

The American economy gained 128,000 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 sluggish 38,000 jobs. The labor force increased nicely, suggesting that people are coming in off the sidelines to look for jobs, but the employment-population ratio stayed the same as last month. The headline unemployment rate ticked up slightly to 3.6 percent.

The biggest loser was motor vehicles and parts, thanks to the GM strike. The biggest gainer was leisure and hospitality. Overall, goods-producing jobs were down by 26,000 while service sector jobs were up 157,000 jobs. Government jobs were down 3,000.

Hourly wages for blue-collar workers were up 2.1 percent. With inflation running at roughly 1.7 percent these days, that’s a real hourly wage increase of about 0.4 percent. That’s nothing to write home about, but at least it’s positive.

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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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