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US economy unexpectedly sheds 92k jobs in February

bbc.com

381–390 of 836 posts

Re: US economy unexpectedly sheds 92k jobs in February

#382

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.

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.

I'm 46 years old, this is the first world cup in my life that I will not watch.

Re: US economy unexpectedly sheds 92k jobs in February

#383

What 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.

But...Hunter Biden's laptop!!!

Re: US economy unexpectedly sheds 92k jobs in February

#384
post #11

Wasn't this always the idea behind combating inflation? At the end of the day you need to make people poorer to make the dollar worth more...

Trump hasn’t managed to adequately combat inflation though. Last I heard, it’s ticking up once more.

You heard wrong.

https://www.usinflationcalculator.com/inflation/current-infl...

Re: US economy unexpectedly sheds 92k jobs in February

#385

Earlier quoted context omitted.

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.

I surprised more US folks dont visit Canada, its amazing, much safer, and cheaper for them because of the exchange difference. Im guessing they see prices in CAD ($), and think its more expensive, but not realizing that $1 of theirs buys $1.35 CAD.

With a few possible exceptions, Canada isn't really cheaper for US tourists. They get more CAD for their US dollars, but most prices in Canada are scaled up accordingly, so it ends up being pretty much the same or more expensive.

Re: US economy unexpectedly sheds 92k jobs in February

#387

Earlier quoted context omitted.

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.

>getting into arguments with MAGA people >effectively these are mutually exclusive

You're getting downvoted, but people should be aware that arguments like this sometimes only reinforce the other party's position in their minds. My recommendation is also not to bother with those debates (unless you're doing it to find deficiencies in your own position).

Re: US economy unexpectedly sheds 92k jobs in February

#388

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.

Well - if you are canadian and give money to the USA then you kind of also help sustain Trump's hostile anti-Canadian rhetoric and agenda. Most Canadians live in the southern part of Canada, aka close to the USA and depend economically a lot on the USA, but increasing that economic dependency more than it already is, is not a good strategy for all Canadians. I also think Canadians should get a small nuclear arsenal, probably 25% compared to what France has (France has about twice as many people; Canada only needs a small deterrence that would drive the cost of any country being hostile against it. Not many countries can be really hostile to Canada.)

Re: US economy unexpectedly sheds 92k jobs in February

#389

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.

The vast majority of tourism in the US (around 90%) is domestic. The total drop of inbound international tourism is about 12%. The effect is noise-level compared to larger economic forces at play. The US is just not an international tourism dependent country in any way.

Re: US economy unexpectedly sheds 92k jobs in February

#390
post #288

Earlier quoted context omitted.

There has been zero accountability for that massive budget shortfall. Revenue has increased 2x over the last decade with nothing to show for it. People are rightly skeptical of giving them even more money. And they have gone about trying to increase revenue even more in just about the most toxic ways possible, which will almost certainly erode the tax base. That state desperately needs to restructure its finances but…

“ Most of the attraction of living there historically was its extremely business-friendly environment.” How old are you? What propaganda told you this? In my generation (young millennial/genz) the attraction of living in Seattle, which pulled me and almost a dozen professional friends at this point has been: - high quality urban living in a temperate environment. Including access to great parks, waterfront, bikeabili…

Oregon ticks most of those boxes except the difference is that Oregon has very few jobs. People flock to WA because of jobs created by long-standing business friendly policies.

That doesn't explain everything, obviously, but I think you need to take it into consideration. For decades I've heard this in some form from people: "Oregon is amazing, but I had to leave when I couldn't get a job." Meanwhile the Sea-Tac region has had amazing growth, packed wall-to-wall with a range of companies.

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