Chart of the Day: Net New Jobs in December

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The American economy added 292,000 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 a brisk 202,000 jobs—nearly all of it in the private sector. The headline unemployment rate stayed steady at 5.0 percent. This is a pretty strong showing, and it was all good news. Nearly 300,000 people re-entered the labor force and the participation rate ticked up a bit. This strong jobs report was due entirely to people finding jobs, not to people dropping out of the labor force.

Disappointingly, this didn’t produce much wage growth. Hourly earnings of production and nonsupervisory employees went up at an annual rate of about 1 percent. For the year, earnings were up 2.4 percent—OK but not great. Job growth at the level of the last few months isn’t spectacular, but it’s pretty strong, and it should start translating into wage gains soon if it keeps up.

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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.

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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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