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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

#151

Post by orwin »

gambiting wrote: post #52
nemo44x wrote: post #46

Earlier quoted context omitted.

I have some Euro friends that went to Dubai instead because the USA is “too dangerous” right now. I wish them safe passage back, but yeesh talk about irrational perspective.

I mean yeah, that's a dumb choice, for sure - but our company rescheduled all work events from their normal location in US to Montreal, Canada. Hundreds of people each. Sure, a small drop in the ocean, but I'm sure we're not the only ones.

Yeah, my company delegation to a Vegas Conference (i don't know what they really do there tbh) got cut from 18 to two, with newly calibrated phone and empty laptops: no biometrics, no private keys, nothing, they don't even have access to their usual mail and have special addresses created just for the occasion. I think trust is _very_ low.

Re: US economy unexpectedly sheds 92k jobs in February

#152

Post by cgh »

TwoNineA wrote: post #75
zelphirkalt wrote: post #62

Earlier quoted context omitted.

Seems like many people here in Germany also don't want anything to do with the US any longer as well. I myself wouldn't go to the US, even before Trump, and recently also heard from someone else, who wants to travel around the world, that they will not be visiting the US, due to what is going on over there. Just 2 anecdotes, N=2 of course, but I can imagine many people sharing the worries or concerns about visiting t…

Statistics Canada has over the last year shown that tourism to US from Canada is down by a lot and it's not getting better. Hell, as an anecdote, I keep seing ads on TV like: Come to Disneyland! We got rebates for canadians! Edit, didn't realise it was this bad: https://www150.statcan.gc.ca/n1/daily-quotidien/260223/dq260...

Las Vegas hotels are currently offering to take Canadian dollars at par.

Re: US economy unexpectedly sheds 92k jobs in February

#153

Post by Glyptodon »

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.

Even tourism aside stuff like Tucson's Gem and Mineral show, basically an international commerce meetup, will suffer under the current situation and probably fade away for a different overseas alternative.

Re: US economy unexpectedly sheds 92k jobs in February

#154

Post by written-beyond »

andxor wrote: post #100

Your usual reminder not to come to HN for macroeconomic analysis.

I don't think we should actively stop people from discussing what's on their minds.

Every person has their own lived experiences, I think it should be common courtesy to at least give someone who puts in the effort into writing a, respectful non ai generated, comment a fair shot and being read.

Re: US economy unexpectedly sheds 92k jobs in February

#155

Post by inaros »

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.

The BBC quality of reporting is down the drain. BBC World on the TV version is now unwatchable, specially since they got sued.

Here is much better quality reporting from NBC News with a breakdown per industry at 02:01 in the video:

"The U.S. economy lost 92,000 jobs in February, stoking labor market worries" - https://www.nbcnews.com/business/economy/2026-labor-market-s...

The most hysterically funny take on this is Cramer..( who else) and CBNC saying its AI...its NOT.

Re: US economy unexpectedly sheds 92k jobs in February

#156

Post by neogodless »

roenxi wrote: post #12

> It marked the biggest monthly job loss since October, when the US government shut down, and came amid concerns that a jump in oil prices sparked by the US-Israel war in Iran could threaten growth. It seems like a stretch to say anyone was pro-actively fired on the speculation that a war could break out in the middle east; so the war is probably unrelated. That said, if the Strait of Hormuz stays closed for any leng…

Heh to be pedantic about language, it could be argued that "came amid" just means "happened at the same time as." In other words "we have more bad news!" Much less so that "this caused that."

Re: US economy unexpectedly sheds 92k jobs in February

#157

Post by expedition32 »

TwoNineA wrote: post #55
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.

Last year we cancelled a planned US vacation, this year we didn't even think about it. Going back to Europe two years in a row. I don't give a fuck about tariff policy of our supposed "friends" but when our "friend" repeatedly threatens our independence and sovereignty, no thanks. Not going to step into the USA for a long time.

Americans don't understand that words have meaning. Canadians are supposed to just shrug and laugh.

Re: US economy unexpectedly sheds 92k jobs in February

#158

Post by HEmanZ »

joe_mamba wrote: post #88
toddmorey wrote: post #84

Earlier quoted context omitted.

It accounts for 3% of the economy and provides around 15 million jobs. That’s absolutely going to make a dent. And international tourism supports local tourism. I think Las Vegas will continue to be a shell of what it was until international tourism rebounds. BEA used to have these cool interactive tables on GDP by industry, but they’ve now been discontinued. It really feels like our current administration just does…

How much of that 3% is from foreign tourists versus domestic Americans? And what types of jobs are those 15 million? High paid high skilled or low pay low skilled? Because from what I can tell you about EU tourism jobs, most jobs tourism creates over here are low pay, hard labor, unskilled jobs, mostly filled by minimum wage migrant seasonal workers who then send the money back home, meaning the biggest beneficiaries…

Ok so if that labor was someone’s job, that implies they couldn’t get something better for them. If you’re straight eliminating those jobs and now they have to take something even worse for them (lower pay, worse hours, worse personal satisfaction, etc)

Re: US economy unexpectedly sheds 92k jobs in February

#159

Post by CalRobert »

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.

Conversely, I live in the Netherlands (though I am originally from California) and my entire summer is booked full of either family or friends visiting from the US - the friends are mostly here to get a feel for the place and see if they want to emigrate.

I wonder how many Americans of means are vacationing abroad instead of domestically just to get some respite...

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