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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

#531

Post by carlosjobim »

hyperman1 wrote: post #335
cheesecompiler wrote: post #29

Earlier quoted context omitted.

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.

Someone mentioned how they had to go to America for the job, and everyone worried for his safety. His answer: Don't worry, it is South America. Everyone felt better for him, then we all wondered how 1 year could cause such a flip.

The power of media influence over people's minds. People will think whatever they are told to think by their media rulers. They will feel whatever they're told to feel.

So there's not much mystery to it.

Re: US economy unexpectedly sheds 92k jobs in February

#532

Post by libria »

prh8 wrote: post #285
jandrewrogers wrote: post #176

Earlier quoted context omitted.

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 t…

For readers not in Washington, there is currently legislation being worked on that is essentially a millionaire's tax, (simplified as) 10% income tax on income over 1 million dollars, inflation adjusted. There are a few very angry, emotional, and vocal opponents of this in most corners of the internet, although very few of them actually make a million dollars and there are many million+ income people supporting this.…

Maybe the opponents consider it a foot in the door; a wedge that can be expanded gradually to include lower tiers at lower percentages AKA the beginning of a WA State Income Tax. There are not few 400k households in Seattle.

The majority of states have one so it's not that big a deal, but it'll be less often said "I'm going to turn down this higher SF offer for Seattle b/c of lower COL...".

I'm not sure where the next refuge will be. Austin? Memphis?

Re: US economy unexpectedly sheds 92k jobs in February

#533

Post by prh8 »

hparadiz wrote: post #492
prh8 wrote: post #329

Earlier quoted context omitted.

Ahh, another favorite talking point. Yes, because the tax burden is already carried by the people you claim to worry about

Those people you wanna tax will just wfh from another state. Then you'll wonder why tax revenue is down and why no one is hiring.

People aren't leaving Seattle to save a small amount in taxes every year

Re: US economy unexpectedly sheds 92k jobs in February

#534

Post by [deleted] »

throw0101d wrote: post #249
hyperpape wrote: post #181

Earlier quoted context omitted.

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…

> I recently went back for a funeral, and I had to spend a moment reminding myself that it would be fine for me. Your passport does not matter, the colour of your skin does: "US citizens jailed in LA Ice raids speak out: ‘They came ready to attack’": * https://www.theguardian.com/us-news/2025/aug/05/us-citizens-... "A U.S. citizen says ICE forced open the door to his Minnesota home and removed him in his underwear af…

[deleted]

Re: US economy unexpectedly sheds 92k jobs in February

#536

Post by gruez »

JumpCrisscross wrote: post #503
dragonwriter wrote: post #462

Earlier quoted context omitted.

A little under half of US healthcare spending is public programs, the President’s signature “One Big Beautiful Bill” made massive cuts to the federal component of that which started impacting in July of last year, consequently....

OBBA as the cause requires intermediate steps to show up in this jobs report versus last year. The other comment’s guess at strike effects seems more parsimonious.

Why? Up till the end of last year, congressional Democrats were trying to get the ACA expansions extended, triggering a government shutdown in the process. Even after that plan fizzled out, they were promised a vote to reinstate it, so for hospitals or whatever there was still hope that there would still be funding. There's no real reason why you'd expect everyone to get fired the day that OBBA was passed.

Re: US economy unexpectedly sheds 92k jobs in February

#537

Post by ncr100 »

hyperpape wrote: post #181
testfrequency wrote: post #4

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 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…

Our president is abusive, he hired other abusers ("stephen miller", etc), and they are spreading abuse.

I WISH governments would be for the people and not for the powerful who can buy "justice" .. for themselves.

Re: US economy unexpectedly sheds 92k jobs in February

#538

Post by n8cpdx »

j2kun wrote: post #445
cloverich wrote: post #295

Earlier quoted context omitted.

Which policies specifically? Certainly not the income tax on million+ income, seems pretty modest. We moved from TX. Property tax rate is low, no income tax sub million in income, schools are great (and almost all new), roads are fine and transit seeing massive investment. They definitely need to fix budget, but there's _ample_ wealth here to deal with it. I think they'll figure it out. _Oregon_ has bad policies (10%…

Oregon has some decent things going for it. Multnomah county is rolling out Preschool for All and it's wildly popular. I know lots of people who were going to move, but stayed in Oregon just because they got into the early lottery for it.

There’s no way preschool for all is broadly popular.

It soaks the “rich” with an income threshold that isn’t indexed to inflation and kicks in at an income level where preschool is still a major affordability challenge.

And then you pay PFA and don’t get preschool for your kid because we’re still years away from having enough seats for everyone.

So it is preschool for some (multco paying for seats in existing preschool, aka kicking your kid out of their preschool spot) paid for by the broad middle class.

Even Kotek was ragging on it.

2020’s 125k/200k thresholds should be today’s 150/250 thresholds. They are not.

https://www.opb.org/article/2025/06/26/kotek-multnomah-count...

Re: US economy unexpectedly sheds 92k jobs in February

#539

Post by [deleted] »

dehrmann wrote: post #516
kasey_junk wrote: post #488

Earlier quoted context omitted.

Macro demographics. Boomers are retiring and requiring healthcare in historic numbers.

That doesn't show up as unemployment, though. It might mean the economy is getting worse faster than that graph, but boomers retiring is dampening the increase.

[deleted]

Re: US economy unexpectedly sheds 92k jobs in February

#540

Post by smallmancontrov »

JumpCrisscross wrote: post #527
kermatt wrote: post #525

Earlier quoted context omitted.

I come from healthcare staffing. Contracts were heavily affected by cuts in federal programs that are critical to some rural regions, and uncertainty caused by inconsistent messaging about the future of such programs. Some areas are very dependent facilities that can only survive with public funding. For example in nursing categories, CNOs (Chief Nursing Officers) would be requesting more staff, but CFOs would block…

Thank you. Is there a good reason this is showing up now versus in the 2025 data?

The cuts didn't happen the moment OBBB was passed on July 4 (ew). Here's a timeline:

https://www.kff.org/medicaid/implementation-dates-for-2025-b...

It looks like some of the big ones landed Jan 1 2026.

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