Earlier quoted context omitted.
> US economy >> unexpectedly << sheds 92,000 jobs in February
Ok but was the expected loss 60k or 0? Makes a big difference.
I believe it was expected to grow by 50k jobs?
US economy unexpectedly sheds 92k jobs in February
21–30 of 836 posts
Re: US economy unexpectedly sheds 92k jobs in February
#22[flagged]
At this point any policy decision that opposes Trump’s views is the better one.
Re: US economy unexpectedly sheds 92k jobs in February
#23What a favorable headline. In reality everyone knows why the economy isn’t growing: Trump’s policies are paradoxically anti business given his public persona of this big bad amazing businessman. The guy failed at selling steaks in America. In America.
Oh don't worry, Trump and his cronies have been growing their wealth just fine.
His net worth has grown over $4 billion since taking office again, and that doesn't count his sons or other insiders that have been taking bribes and making insider trades.
The single most corrupt politician we've ever had, with a family full of criminals.
As always with these losers, the Biden Crime family was purely projection.
Re: US economy unexpectedly sheds 92k jobs in February
#24[flagged]
Not happening with oil skyrocketing.
Re: US economy unexpectedly sheds 92k jobs in February
#25[flagged]
The fed also has to consider inflation
Re: US economy unexpectedly sheds 92k jobs in February
#26Current rationalization from right wing commentators:
'normal part of the business cycle'
It is not a bad one. You can definitely argue it both ways.
I personally think there is a lot of self-inflicted pain ahead and position portfolio accordingly.
Re: US economy unexpectedly sheds 92k jobs in February
#27I do not see the tourism industry mentioned here but I have to imagine that is a huge loss right now. Most of the world is not visiting the US right now which means projects and planning that was made in anticipation for summer has probably been halted or heavily reduced.
A lot of the US isn't visiting the US anymore either. For normal personal recessiony reasons but also I know word of mouth several large companies have cancelled planned recurring events in texas, florida, arizona, and not necessarily moved them anywhere else either.
Re: US economy unexpectedly sheds 92k jobs in February
#28"unexpectedly"
Yes they forgot February is a short month and they expected more.
Re: US economy unexpectedly sheds 92k jobs in February
#29I do not see the tourism industry mentioned here but I have to imagine that is a huge loss right now. Most of the world is not visiting the US right now which means projects and planning that was made in anticipation for summer has probably been halted or heavily reduced.
There is a significant majority of people in Canada who not only vocally decided to not go to US but discourage their friends from doing so too. People have judged me for driving through the states.
Re: US economy unexpectedly sheds 92k jobs in February
#30There's a vibe in at least the PNW that feels like the tech sector is sloughing jobs and avoiding creating new ones courtesy of AI. I genuinely wonder if that feeling is backed by reality and whether it's large enough to be translating into national statistics across all industries.
I'm not sure how much of it is actually AI vs just like, the bags of VC money have dried up and most tech companies can't anywhere near justify their personnel or often even existence without it. Like companies have been doing the RTO "stealth" layoffs for years now, it's not even news anymore, this was already well underway. There is also the obvious priapism of owners and investors to finally do to the remaining wh…
Where is the money that was going to VC investments going now? With increasing inequality, I figure rich people have more money than ever that they need to figure out where to invest.