US economy unexpectedly sheds 92k jobs in February
211–220 of 836 posts
Re: US economy unexpectedly sheds 92k jobs in February
#212I 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.
I am a US citizen living in Portugal. I have the right to go to the US, live there, etc. I recently went back for a funeral, and I had to spend a moment reminding myself that it would be fine for me. For people who don't have my passport, I wouldn't feel comfortable telling them "it will be fine", though I would still tell a European "the odds of a problem are relatively low." But I couldn't in all honesty say "there…
Re: US economy unexpectedly sheds 92k jobs in February
#213Earlier 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.
The Canadian people I met as we travelled were all amazing. I was humbled that they took time to talk. And were less interested in identity than issues. One older gentleman, who saw us pull into the McDonalds with Washington plates approached us in the foyer and wanted to tell me that despite what others might say, I was welcome there. It was on one hand kinda weird and at the same time really touching.
Re: US economy unexpectedly sheds 92k jobs in February
#214Earlier quoted context omitted.
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 t…
Statistics Canada has over the last year shown that tourism to US from Canada is down by a lot and it's not getting better. Hell, as an anecdote, I keep seing ads on TV like: Come to Disneyland! We got rebates for canadians! Edit, didn't realise it was this bad: https://www150.statcan.gc.ca/n1/daily-quotidien/260223/dq260...
It's probably not bottomed out yet, some of those trips were booked months in advance and not cancellable without taking a financial hit.
Re: US economy unexpectedly sheds 92k jobs in February
#215The longstanding heuristic is that the most important metric of how bad things are is if ADP < BLS. If government employment is declining it will make the BLS estimates look poor no matter what the rest of the economy is doing. I expect ADP will be negative too but it remains to be seen if it is higher or lower than the BLS number.
Re: US economy unexpectedly sheds 92k jobs in February
#216I 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.
I am a US citizen living in Portugal. I have the right to go to the US, live there, etc. I recently went back for a funeral, and I had to spend a moment reminding myself that it would be fine for me. For people who don't have my passport, I wouldn't feel comfortable telling them "it will be fine", though I would still tell a European "the odds of a problem are relatively low." But I couldn't in all honesty say "there…
Re: US economy unexpectedly sheds 92k jobs in February
#217Earlier quoted context omitted.
This administration has terrible approval ratings. https://www.realclearpolling.com/polls/approval/donald-trump...
There are hard and soft approval ratings. The soft number is the count of how many people will vote for/against in the next election. The hard number is how many want a change today, how many will support recalling thier representatives in order to force change today. In that number, the current administration has widespread support.
Re: US economy unexpectedly sheds 92k jobs in February
#218Re: US economy unexpectedly sheds 92k jobs in February
#219I 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.
I'm really anticipating what the World Cup will look like. Sure, there will always be die-hard fans that will show up not matter what, but with so many teams, I bet we'll see empty stadiums for some matches.
Re: US economy unexpectedly sheds 92k jobs in February
#220I 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.