Chart of the Day: Net New Jobs in December

The American economy gained 312,000 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 healthy 222,000 jobs. The unemployment rate rose to 3.9 percent.

December’s numbers are a little hard to make sense of. The labor force increased by 412,000, and about half of this was due to people coming in off the sidelines and starting to look for jobs. However, they’re counted as unemployed until they find work, so the number of unemployed increased in December, while the number of employed went up by only 142,000.

Earnings of production and nonsupervisory workers increased at a startling annualized rate of 4.9 percent in the month of December. For the full year, the increase was 3.3 percent. With inflation running at about 2.2 percent both recently and for the full year, this means blue collar workers saw a full-year increase of about 1.1 percent and a December increase of about 2.7 percent at an annualized rate. Not bad.

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.

payment methods

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