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US economy unexpectedly sheds 92k jobs in February

bbc.com

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Re: US economy unexpectedly sheds 92k jobs in February

#311

Post by jfengel »

epistasis wrote: post #197

Mass deportation means economic contraction. The administration has promised to deport millions of people. Mass deportations on this scale will have a somewhat drastic effect, and the true mass deportation hasn't even started, because they haven't built enough concentration camps to facilitate the deportations. Unless it is stopped the job losses will be absolutely massive, and a tiny tiny footnote to the massive hum…

I'd have expected mass deportations to decrease the unemployment rate, since there are now a bunch of job openings.

Some of those jobs will just disappear (resulting in job losses, which is what the headline is about), but unemployment (people looking for jobs and not finding them) is up.

It does mean economic contraction, but that's yet another number. That would show up in GDP, but that number is really slow to collect. Data so far is actually pretty smooth, but that's to be expected.

Re: US economy unexpectedly sheds 92k jobs in February

#312

Post by xhkkffbf »

Uncle_Brumpus wrote: post #206
CalRobert wrote: post #159

Earlier quoted context omitted.

Conversely, I live in the Netherlands (though I am originally from California) and my entire summer is booked full of either family or friends visiting from the US - the friends are mostly here to get a feel for the place and see if they want to emigrate. I wonder how many Americans of means are vacationing abroad instead of domestically just to get some respite...

I had never vacationed abroad in my whole life, then last year I traveled separately to Amsterdam (with 2 nights in Groningen) and Paris. Both trips ended up being cheaper than similar domestic trips. Both times I was extremely sad to return home. I would love to emigrate to Europe. One of the nights in Amsterdam, I couldn't sleep and spent the night frantically researching how to legally emigrate.

That's a bit ironic.

If all of the undocumented people in the US spent this much time trying to emigrate legally, the US wouldn't need ICE and we wouldn't be having this discussion.

Re: US economy unexpectedly sheds 92k jobs in February

#313

Post by raw_anon_1111 »

TwoNineA wrote: post #121
iso1631 wrote: post #105

Earlier quoted context omitted.

It's not the government that's the problem per-se, it's the fact half the US supports that government

Controversial opinion, it's way more than half: 1/3 voted for the orange man, 1/3 didn't bother go to vote because "BoTh SideS ARe thE SamE!" and 1/3 tried to do the right thing.

Because of the electoral college, it doesn’t matter if more people voted in California, NY, Alabama, Mississippi, etc

Re: US economy unexpectedly sheds 92k jobs in February

#315

Post by fckgw »

bosch_mind wrote: post #145

I grew up in the US and lived there for 30 years, but now I live in Europe. Every single one of my friends in their 30's finds visiting the US absolutely terrifying (even those who have previously been). I have yet to meet a single friend in today's day that has expressed any interest in visiting.

What part did they find "terrifying"?

Re: US economy unexpectedly sheds 92k jobs in February

#316

Post by hnthrow0287345 »

sybercecurity wrote: post #33
aliljet wrote: 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.

I don't know either. I do wonder if AI is just and excuse since saying "we have to let people go because the economy is bad and our costs are up." spooks investors while "We adopted magic AI and don't need people anymore" sounds like these companies are being proactive so investors don't dump their stocks.

They also want to get as close to a skeleton crew as possible. They believe developers can do everything while simultaneously driving down the cost of developers.

They've been boiling the frog with increasing job requirements since at least one or two decades ago, and AI is conveniently aligned towards this goal.

Re: US economy unexpectedly sheds 92k jobs in February

#317

Post by fragmede »

dawnerd wrote: post #259
mothballed wrote: post #148

Earlier quoted context omitted.

Going through CBP is such a nightmare, even as a US citizen, I also think twice about going on international vacation. I hate entering my own country, every other country is so much easier, a deep sense of dread enters every time I have to go back to the USA because I know I will be fucked with by the border police. I try not to let them influence my behavior too much, but at the end of the day, getting thrown in imm…

Really depends where your entry point is. They’ve moved to digital gates which have made actual cbp interactions basically a thing of the past. Last couple times I didn’t even have to take my passport out.

As you said, depends on your gate of entry. At some of them, they took the digital gates out after installing them.

Re: US economy unexpectedly sheds 92k jobs in February

#318

Post by raw_anon_1111 »

mothballed wrote: post #148
TwoNineA wrote: post #55

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.

Going through CBP is such a nightmare, even as a US citizen, I also think twice about going on international vacation. I hate entering my own country, every other country is so much easier, a deep sense of dread enters every time I have to go back to the USA because I know I will be fucked with by the border police. I try not to let them influence my behavior too much, but at the end of the day, getting thrown in imm…

Most of my flying back into the US has been through ATL and once through LAX. It wasn’t bad.

We just had to wait 3 hours in line to get into Costa Rica.

Re: US economy unexpectedly sheds 92k jobs in February

#319

Post by mikeyouse »

CalRobert wrote: post #172
meeb wrote: post #112

Earlier quoted context omitted.

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?

Yes it’s resistant but then they can just deny your entry into the country.

Re: US economy unexpectedly sheds 92k jobs in February

#320

Post by mothballed »

xhkkffbf wrote: post #312
Uncle_Brumpus wrote: post #206

Earlier quoted context omitted.

I had never vacationed abroad in my whole life, then last year I traveled separately to Amsterdam (with 2 nights in Groningen) and Paris. Both trips ended up being cheaper than similar domestic trips. Both times I was extremely sad to return home. I would love to emigrate to Europe. One of the nights in Amsterdam, I couldn't sleep and spent the night frantically researching how to legally emigrate.

That's a bit ironic. If all of the undocumented people in the US spent this much time trying to emigrate legally, the US wouldn't need ICE and we wouldn't be having this discussion.

Most illegal immigrants could spend the rest of their lives trying to immigrate legally and never make it, so that doesn't seem rational. Being undocumented is their best bet, as long as they don't break the criminal law once they're past the border and they make it 100 miles past the border their odds of being caught are next to nil. ICE is mostly catching people that either turn up in the legal system or are documented somewhere where they can be found.
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