Chart of the Day: Net New Jobs in April

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The American economy added 165,000 new jobs last month, but about 90,000 of those jobs were needed just to keep up with population growth, so net job growth clocked in at 75,000. That’s OK, but not great. However, the BLS also revised its job growth estimates for the past two months fairly sharply upward. February’s figures are now positively giddy looking.

Overall, the headline unemployment number dropped to 7.5 percent. The number of long-term unemployed declined even more dramatically, and the labor force participation ratio was flat.

Basically, it was all fairly decent news, both in the top line numbers and in the details. If the fiscal cliff deal and the sequester have had a negative impact on the economy, it’s not really showing up in the job numbers yet. So far, 2013 is shaping up as a rerun of 2012, which means that although we still aren’t recovering at the rate we ought to be, at least we’re treading water fairly briskly.

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We've never been very good at being conservative.

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This is no time to come up short. It's time to fight like hell, as our namesake would tell us to do, for a democracy where minority rule cannot impose an extreme agenda, where facts matter, and where accountability has a chance at the polls and in the press. If you value our reporting and you can right now, please help us dig out of the $100,000 hole we're starting our new budgeting cycle in with an always-needed and always-appreciated donation today.

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