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US economy unexpectedly sheds 92k jobs in February
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Re: US economy unexpectedly sheds 92k jobs in February
#62I 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.
Seems like many people here in Germany also don't want anything to do with the US any longer as well. I myself wouldn't go to the US, even before Trump, and recently also heard from someone else, who wants to travel around the world, that they will not be visiting the US, due to what is going on over there. Just 2 anecdotes, N=2 of course, but I can imagine many people sharing the worries or concerns about visiting the US.
edit: The truth hurts apparently.
Re: US economy unexpectedly sheds 92k jobs in February
#63Unexpectedly, if you've been in a coma for the past year. Let's raise tariffs again.
And indeed they are doing just that! On top of a war that will also affect energy costs.
Re: US economy unexpectedly sheds 92k jobs in February
#64Re: US economy unexpectedly sheds 92k jobs in February
#65I 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.
>Most of the world is not visiting the US right now Only right now? The US touristic cities have been and continue to be the most expensive places in the world to visit by far, so most of the planet will never visit the US out of cost reasons alone, regardless of their views on $CURRENT_POLITICS. Foreign tourism probably isn't large enough part of the US GDP to be making a dent in the US economy as a whole. @WarmWash…
Well the dollar collapsing does make it much cheaper, for better or worse.
Re: US economy unexpectedly sheds 92k jobs in February
#66Earlier quoted context omitted.
hey I know lets spend billon per day on war of choice for no reason for rest of year and make gas $5/gallon so even people who don't drive have to pay more for trucks going to stores and delivery oh and make old/ill people somehow work until they are sixty-five to get any food or medical assistance that should fix things right up xmas economic implosion inbound
But at least Russia can fund their war better, right?
Are you referring to where he just eased sanctions on Russian oil so they can sell again at high profit to fund their own war of choice?
I figured he was going to drop sanctions on them sooner or later but that was quite the ploy
The problem is zero consequences for anything he does now, completely isolated, so it's one country destroying choice after another
Re: US economy unexpectedly sheds 92k jobs in February
#67Blame it on Biden or "AI"? (should have made this into a poll... :) )
Re: US economy unexpectedly sheds 92k jobs in February
#68Earlier quoted context omitted.
I have some Euro friends that went to Dubai instead because the USA is “too dangerous” right now. I wish them safe passage back, but yeesh talk about irrational perspective.
I mean yeah, that's a dumb choice, for sure - but our company rescheduled all work events from their normal location in US to Montreal, Canada. Hundreds of people each. Sure, a small drop in the ocean, but I'm sure we're not the only ones.
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Re: US economy unexpectedly sheds 92k jobs in February
#69If the government-approved numbers are this bad the real ones must be catastrophic.
Honestly, no. The administration is not subtle with its lies. If they want to fib, they do it out of POTUS's mouth at a podium, and it's a huge whopper that just dares the nasty liberal media to try to call it out. The strategy works for them, and they apply it repeatedly. They don't just fudge numbers a bit. This is a bad number for them because it's probably the correct (or best available, really) number produced b…
They quite publicly fired an official related to reporting these numbers, and they also decided not to publish numbers during the government shutdown nor backfill them. I have zero trust the administration isn’t fudging things.
Re: US economy unexpectedly sheds 92k jobs in February
#70If the government-approved numbers are this bad the real ones must be catastrophic.
Honestly, no. The administration is not subtle with its lies. If they want to fib, they do it out of POTUS's mouth at a podium, and it's a huge whopper that just dares the nasty liberal media to try to call it out. The strategy works for them, and they apply it repeatedly. They don't just fudge numbers a bit. This is a bad number for them because it's probably the correct (or best available, really) number produced b…
They absolutely fudge the numbers. Summary below, but in short every possible mechanism for keeping economic reporting numbers honest is being systematically dismantled.
https://www.npr.org/2025/03/11/nx-s1-5323155/economic-data-r...