Meanwhile Canada is up 75,000 jobs in July. Can't wait to see the next tantrum America throws our way. https://www.cbc.ca/news/business/canada-jobs-july-2026-9.729...
Sorry, what's the connection here?
U.S. economy lost 23,000 jobs in July, a sudden reversal
201–210 of 377 posts
Re: U.S. economy lost 23,000 jobs in July, a sudden reversal
#202Earlier quoted context omitted.
Healthcare has consistently been one of the biggest drivers of US GDP and job growth numbers for years now. This is one of the major things that has helped explain why US consumer sentiment has been so out of step with headline numbers like employment, consumer spending, and GDP. It also helps explain why there's so many economists are saying they see limited evidence of a "K-shaped economy", and say they see positiv…
So perhaps we'll never get to a better healthcare+insurance market (nee "Free") through government, but eventually we will just all work in healthcare, and barter our nursing and dental skills in secret away from the insurance coders.
Now, almost every woman I'm related to is in health care.
I've been joking for years that eventually everyone will either be in the hospital, or working there.
Re: U.S. economy lost 23,000 jobs in July, a sudden reversal
#203Earlier quoted context omitted.
Not strange. All the money and wealth is in the hands of the olds and olds need much more health care than the young. So it's a gold rush to get their juicy dollars.
I know i'm just one guy but I'm 50 and the old people i know are very poor and supported entirely by their children. It would be interesting to see the median and mean wealth for people >70 and compare the two.
All basketball players are tall, but that doesn't mean that all tall people are basketball players.
Re: U.S. economy lost 23,000 jobs in July, a sudden reversal
#204I have recently started an experiment tracking a sample of 5000 employers in US and I see a bounce last week after a brief lull in july. I am not sure if there is a strong downward trend. https://corvi.careers/reports/usa-weekly-job-openings-report...
Re: U.S. economy lost 23,000 jobs in July, a sudden reversal
#205> The BLS said employment contracted the most in “local government education,” which declined by 50,000 roles, likely reflecting teachers during summer break. This is not entirely accurate. AFAIK, teachers usually remain on payroll throughout the summer. This stat _might_ be talking about contractual teaching roles, like adjuncts or subs, but it's hard to say from that BLS category.
It's like reporting that Spirit of Halloween employees accounted for the biggest retailer layoffs in November. It's a totally useless statistic that tells you nothing about what might really be going on that month that's abnormal compared to baseline.
Re: U.S. economy lost 23,000 jobs in July, a sudden reversal
#206Earlier quoted context omitted.
Europe is also excellent in my experience, specifically Portugal and Spain. My health insurance cost for a family of four in Spain is ~$2k/year as someone on a visa. In the US on an employer plan, it was ~$20k/year (premiums, copays, etc).
A quick search suggests that Spain spends around 9.3% of gdp on healthcare. The UK spends around 10.9%. Singapore is around 5.5%.
If you have any resources you can recommend on immigrating to Singapore that would be helpful and relevant for folks considering it as an option (whether on an employment, student, or pension/non lucrative visa), I welcome them to add to my resources for distribution to those seeking an exit strategy. Thank you in advance.
https://news.ycombinator.com/item?id=47161587 (resources)
Re: U.S. economy lost 23,000 jobs in July, a sudden reversal
#207I have recently started an experiment tracking a sample of 5000 employers in US and I see a bounce last week after a brief lull in july. I am not sure if there is a strong downward trend. https://corvi.careers/reports/usa-weekly-job-openings-report...
It's tough to trust job openings. It is a fact that some number of job postings are ghost jobs that don't exist. Either they're scams from impersonators or the companies are trying to keep a good public face, but many openings sit for MONTHS which just does not line up with the anecdotal evidence of people going 6-12 months without an interview much less an offer
Re: U.S. economy lost 23,000 jobs in July, a sudden reversal
#208Earlier quoted context omitted.
Sorry, what's the connection here?
That looking at monthly numbers is stupid? The US has had significantly more job growth in 2026 than Canada has. The July numbers are convergence to a roughly common mean.
In particular, the Americans have been throwing endless tantrums Canada's way. This week we're "nasty people" because we refuse to become an ecnomimc vassal state. I'm sure we'll hear more tariff sabre rattling from the Americans soon.
Re: U.S. economy lost 23,000 jobs in July, a sudden reversal
#209Meanwhile Canada is up 75,000 jobs in July. Can't wait to see the next tantrum America throws our way. https://www.cbc.ca/news/business/canada-jobs-july-2026-9.729...
Sorry, what's the connection here?
Re: U.S. economy lost 23,000 jobs in July, a sudden reversal
#210Meanwhile, Canada adds 75k jobs in the same month. > Gains were focused on the private sector, with strength in wholesale and retail trade, finance and insurance, and professional and scientific services. Public sector jobs fell by 14,500 amid an official bid to cut government spending. https://www.theglobeandmail.com/business/economy/article-can...
Yeah, our unemployment rate is still higher though with basically no productivity growth since 2015 (see link). Maybe 2 years straight of these job gains and then we can talk. https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=361007... https://www150.statcan.gc.ca/n1/daily-quotidien/260807/dq260...