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U.S. economy lost 23,000 jobs in July, a sudden reversal

nbcnews.com

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Re: U.S. economy lost 23,000 jobs in July, a sudden reversal

#231

Post by glaslong »

WarmWash wrote: post #132
glaslong wrote: post #66

Earlier quoted context omitted.

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.

There will never be a better healthcare because the true cost of fixing a body more often than not far exceeds the value that body produces. People run to dismiss this with "well we need a different system then", but the problem is a fundamental one on par with "eating your cake and having it too". The only way to get as close as possible to "good" healthcare is to have enough money to pay for everything out of pocke…

I don't really need to live forever, I just don't want to have to think about whether bleeding out in a cab is a better deal than an ambulance.

Or if that random doctor who just walked in is out of network and going to charge $30,000 for my stitches when $3,000 was already egregious.

Re: U.S. economy lost 23,000 jobs in July, a sudden reversal

#232

Post by biophysboy »

throwaway27448 wrote: post #182
biophysboy wrote: post #154

Earlier quoted context omitted.

The bureau of labor statistics publishes confidence intervals in their reports

NBC wouldn't know how to navigate bls.gov if you put a gun to their head. And it's all downhill from there

Based on the discussions in this thread, they aren’t alone

Re: U.S. economy lost 23,000 jobs in July, a sudden reversal

#233

Post by inigyou »

glaslong wrote: post #66
eigenspace wrote: post #29

Earlier 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.

If everything but healthcare is completely automated, all employed people will be employed in healthcare.

Re: U.S. economy lost 23,000 jobs in July, a sudden reversal

#234

Post by hrhdhdh »

mjburgess wrote: post #144
astro1234 wrote: post #105

As a data scientist it is very frustrating to see a consistent lack of error bars on these numbers or any discussion about the magnitude of uncertainty around them by all news reports every time these numbers get released

If honest, the error bars would be so large as to make drawing conclusions from these numbers seem pointless. Certainly, both jobs growth and jobs loss are within the CI. What's actually being tracked by people using this data is the delta from previous years -- which, conditioning on the same collection methodology etc -- is more reliable. The actionable piece of info is sign(delta)

[flagged]

Re: U.S. economy lost 23,000 jobs in July, a sudden reversal

#235

Post by amanaplanacanal »

toomuchtodo wrote: post #117
asa123 wrote: post #109

Earlier quoted context omitted.

I think the commenter you responded to filtered first for countries with outcomes better or exceeding the US? Though I’m not sure Portugal and Spain automatically fall into that category

I can only n=1, but most, if not all, experiences we've had obtaining medical care were better in Europe. Care specialist for my autistic kids, primary care, etc. From my unofficial surveys, many folks I know in the US are having a hard time finding various care providers, even if they have insurance. More data on this is always welcome.

It seems fairly common in the US to have a hard time finding a doctor that will take your insurance, especially so if you are on Medicaid. Even with good insurance, a lot are just not seeing new patients. More and more tasks are being pushed off onto nurse practitioners and physician's assistants. And the number of residencies is still limited by the AMA, so you aren't getting enough new doctors.

Re: U.S. economy lost 23,000 jobs in July, a sudden reversal

#236

Post by thisisauserid »

Waterluvian wrote: post #174

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...

Roughly 40 percent of Canadians in the top 1 percent of earners have moved to the US.

https://thehub.ca/2026/04/03/can-anyone-solve-canadas-brain-...

Re: U.S. economy lost 23,000 jobs in July, a sudden reversal

#237

Post by Waterluvian »

orangeberrytea wrote: post #223
Waterluvian wrote: post #174

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...

[flagged]

It seems you're misinformed and confused.

https://www150.statcan.gc.ca/n1/pub/36-28-0001/2025007/artic...

Re: U.S. economy lost 23,000 jobs in July, a sudden reversal

#238

Post by wesleywt »

thisisauserid wrote: post #236
Waterluvian wrote: post #174

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...

Roughly 40 percent of Canadians in the top 1 percent of earners have moved to the US. https://thehub.ca/2026/04/03/can-anyone-solve-canadas-brain-...

How is this related?

Re: U.S. economy lost 23,000 jobs in July, a sudden reversal

#239

Post by parineum »

vlovich123 wrote: post #127
jstanley wrote: post #115

Earlier quoted context omitted.

> The numbers are as good as they can get That doesn't mean they don't warrant error bars. Error bars aren't there to show that you didn't do a good job collecting the data, they're there to show your level of uncertainty.

I would say the initial numbers should be embargoed until the number is reliable. People don’t understand error bars and reporting can more easily manipulate the current situation without outright lying.

Ah yes, lie to them and withold information because the public is too stupid to understand. Then, when they don't trust you anymore, throw up your hands and say it's not your fault.

Re: U.S. economy lost 23,000 jobs in July, a sudden reversal

#240

Post by kwar13 »

Waterluvian wrote: post #174

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...

somehow it seems like you're implying that canada is doing better than the usa. just look at the last 10 years of real gdp growth and it couldn't be any worse for canada.
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