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US economy unexpectedly sheds 92k jobs in February

bbc.com

171–180 of 836 posts

Re: US economy unexpectedly sheds 92k jobs in February

#171

Earlier quoted context omitted.

[flagged]

Do you really intend to make such a blanket statement? If taxes are evil then it follows that any public service (police, roads, airports, hospitals, public education, libraries, publicly funded research) is evil since they are funded by taxes.

Ok, only tarrifs.

Re: US economy unexpectedly sheds 92k jobs in February

#172
post #112
post #97

Earlier quoted context omitted.

Curious, how do they make copies of everything? Do they just film the phone as they're scrolling it?

They plug the phone into a computer and use software to literally clone it, so everything on the phone. All logs, emails, messages, photos, contacts, deleted files if they’re recoverable, passwords, everything.

Would an iphone in lockdown mode have any resistance to this?

Re: US economy unexpectedly sheds 92k jobs in February

#173
post #97

Earlier quoted context omitted.

Curious, how do they make copies of everything? Do they just film the phone as they're scrolling it?

They connect it to a little box that hacks into the phone and downloads everything. Search for "Cellebrite Universal Forensic Extraction Device (UFED)" or "Grayshift GrayKey". The border agent doesn't have to know anything about phones/computers, it's just "plug in, press button". With modern phones, they really only work if you unlock your phone before handing it to them, and they'll make you do that. If you don't u…

I tried entering without a phone or anything other than the clothes I was wearing so they didn't have anything to search. So instead they got a warrant for a cavity search (I'm still chased by debt collectors for this, as I was brought by prisoner van to a private hospital) , because they can't stand to not have anything to look at. They will fuck with you ruthlessly if there isn't something for them to scrutinize upon entry.

Re: US economy unexpectedly sheds 92k jobs in February

#174

Earlier quoted context omitted.

What do you mean noise? American people pay 96% of them with an average cost of $1000+ per family over the last year. To the vast majority of people that's waaayyyy above the noise floor.

[flagged]

> Taxes are evil

I've got some shocking news for you but we live in a society.

Re: US economy unexpectedly sheds 92k jobs in February

#175

Earlier quoted context omitted.

It accounts for 3% of the economy and provides around 15 million jobs. That’s absolutely going to make a dent. And international tourism supports local tourism. I think Las Vegas will continue to be a shell of what it was until international tourism rebounds. BEA used to have these cool interactive tables on GDP by industry, but they’ve now been discontinued. It really feels like our current administration just does…

How much of that 3% is from foreign tourists versus domestic Americans? And what types of jobs are those 15 million? High paid high skilled or low pay low skilled? Because from what I can tell you about EU tourism jobs, most jobs tourism creates over here are low pay, hard labor, unskilled jobs, mostly filled by minimum wage migrant seasonal workers who then send the money back home, meaning the biggest beneficiaries…

> How much of that 3% is from foreign tourists versus domestic Americans?

Probably all of it since tourism was 11% of total GDP in 2023, a third of that being international tourism would be on par with european averages.

Re: US economy unexpectedly sheds 92k jobs in February

#176
post #6

There'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.

In Washington it is much broader than the tech sector.

Washington is being buried in indefensibly bad legislation that is extremely hostile to large companies and tech companies of every size for openly ideological reasons. It has rapidly become one of the worst business environments in the country when it used to be one of the best. Many companies have stopped or reduced hiring in Seattle and are moving operations to other States; there is a new announcement in the news every other day.

I know several longtime residents that have recently moved out of State or are no longer domiciled there as a consequence. There was an article in the news just this week that housing prices are starting to decline rapidly in Seattle.

It is looking like they couldn't help themselves and killed the golden goose.

Re: US economy unexpectedly sheds 92k jobs in February

#177

Earlier quoted context omitted.

Last year we cancelled a planned US vacation, this year we didn't even think about it. Going back to Europe two years in a row. I don't give a fuck about tariff policy of our supposed "friends" but when our "friend" repeatedly threatens our independence and sovereignty, no thanks. Not going to step into the USA for a long time.

Can't blame you. Coming from the US I have been making a point to vacation in Canada, fwiw. Short of voting, protesting and getting into arguments with MAGA people I don't know what else I can effectively do.

Look into your state's recall procedures. Waiting for the next election is effectively acquiescence to the current situation.

Re: US economy unexpectedly sheds 92k jobs in February

#178
post #54
post #13

If 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…

My man this is cope and we're in hell, never trust anyone who gets off on lying and cheating

Re: US economy unexpectedly sheds 92k jobs in February

#179
post #13

If the government-approved numbers are this bad the real ones must be catastrophic.

>> If the government-approved numbers are this bad the real ones must be catastrophic. Sadly my first thought was not to trust this report. The article even notes further down: >> The US central bank would typically respond to a weakening labour market by cutting borrowing costs, in hopes of giving the economy a boost. Our fearless leader has put enormous pressure on the Fed to lower interest rates from day 1. They k…

With oil prices now 90+, there is 0 chance of an interest rate decrease even with a new Fed chair.

Re: US economy unexpectedly sheds 92k jobs in February

#180

I 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.

As a Canadian, most of those people stating this, are broke and can't afford to travel, so the anti Trump thing is a face saving excuse.

Just a observation from my personal life, my friends who aren't broke, are still going to Florida, etc.

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