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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

#301

Earlier quoted context omitted.

I don't think it's attributable to summer break. Didn't ~1,100K teachers quit in Fort Worth, TX due (in part) to a rise in political interference?

no they didnt

This article seems to disagree

https://fortworthreport.org/2026/08/06/record-teacher-turnov...

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

#302

And, as a result, the market is ... up?

I wonder if this is the evidence of the labor market decoupling from "the economy" in terms of economic productivity? Folks keep predicting it. Maybe it's starting?

It's not. 23,000 jobs is 0.01% of the workforce, so it's negligible in terms of lost sales (probably hurts consumer confidence more). But it is a signal that the economy isn't running too hot, so the company's much larger borrowing costs aren't going up.

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

#304

Earlier quoted context omitted.

Pretty sure the Democrats would not have done either the ridiculous tariffs or the stupid Iran war. They wouldn't have passed anything like the BBB. Nor would they have tried to scare all the immigrants out of the country.

> Pretty sure the Democrats would not have done either the ridiculous tariffs They may not have gone with that specific approach, but the direction was the same. Instead of tariffs the Biden Administration's BBB bill gave money to corporations instead. Two directionally aligned approaches there. The rest of the comments (immigration policy or Iran) are irrelevant to this specific topic IMO

You don't think those two things have any effect on the economy?

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

#305
post #118
post #93

Earlier quoted context omitted.

You can move to Singapore, if you want a better healthcare sector. (The UK spends very roughly half of what the US spends on healthcare in terms of percentage of GDP. That's total (public plus private) expenditure. Singapore spends very roughtly half of what the UK spends by the same measure. Health outcomes amongst the three countries are comparable. If anything, Singapore is healthier.)

Singapore numbers ignore their underclass, which is significant. But you're right, if you're a westerner, Singapore's great.

I wish the US could also use migrant labour like Singapore instead of the current system of turning a blind eye to illegal immigration out of necessity

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

#306

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-...

Ah, so the class of people least impacted by the chaos happening down here. The class of people who couldn't care less about things like "civil rights" and "social safety nets" for the poor as long as they get their tax cuts.

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

#307

Earlier quoted context omitted.

So is the USA...

No it isn’t. Malaysians commute across the river daily and then return at night, having provided their services in exchange for compensation. Singapore gets the work without many of the associated problems with housing those people long term. As a result, there are some ridiculously niche jobs in Singapore that would not exist in another rich country, such as widespread domestic servitude and manual street sweeping

The US could achieve the same thing with a proper migrant labour program

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

#308

Earlier quoted context omitted.

I don't think it's attributable to summer break. Didn't ~1,100K teachers quit in Fort Worth, TX due (in part) to a rise in political interference?

no they didnt

you're still wrong

> Superintendent Peter Licata acknowledged that the takeover and instructional changes played a role in some educators’ decisions to leave the district.

> ...But he said he believes employees watched the transformation of Houston ISD under state control and grew wary as Fort Worth introduced standardized lessons and reorganized schools and departments.

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

#309

Earlier quoted context omitted.

It’s common in scientific/stats publishing to have the headline state the avg/median, the main text plot the errors, and the supplementary give the explicit numbers. They have a big page about std errors.

The main text doesn't plot the error bars, and the full data tables in their release don't have error bars either. You have to really dig into their website to find their std errors.

bls.gov/ces is the main page for this survey and has a plot.

The error updates annually. Their handbook has a Reliability section where they detail sampling/nonsampling error.

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

#310

Earlier quoted context omitted.

> Pretty sure the Democrats would not have done either the ridiculous tariffs They may not have gone with that specific approach, but the direction was the same. Instead of tariffs the Biden Administration's BBB bill gave money to corporations instead. Two directionally aligned approaches there. The rest of the comments (immigration policy or Iran) are irrelevant to this specific topic IMO

You don't think those two things have any effect on the economy?

Sure they have an effect but are they economic policies? If you want to take the approach that everything is an economic policy I guess we could do that, but I think it's a bit limiting.

I guess also, what's the goal of economic policy? Does your economy matter much if you can't defend it, for example? If you have no industrial base does that matter?

Under sequential administrations all the way up and until at least the end of Mr. Obama's second term we had, broadly speaking, the same economic policy and we lost a lot of jobs under that regime, lost manufacturing capabilities, and more. People were really unhappy with that scheme which was supported by both Republican and Democratic administrations. Maybe we should examine our policies even if there are temporary changes that are unfavorable. Should we be long-term oriented or short-term oriented?

It's a very complicated topic of course, but I think just "grr mad at Trump" is not only immature but just wrong and leads to no meaningful analysis of what our economic policies have been, the results, and what changes may produce.

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