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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

#31

Post by imzadi »

squidbeak wrote: post #10
imzadi wrote: post #7

I would like to know how much contraction is normal. I assume there's always some contraction around that time, because the holiday season is ending and the temp workers are being let go. I didn't see any mention of this in the article though (or I missed it).

> US economy >> unexpectedly << sheds 92,000 jobs in February

But this is the full amount of jobs shed:

> Payrolls in the US dropped by 92,000 and the unemployment rate ticked up to 4.4%, according to the latest official figures, surprising analysts who had expected hiring to remain stable.

I'm not in any way suggesting the economy isn't taking a shit, but I'm curious about the actual expectation and reality. I know it says analysts expect hiring to be stable, but hiring isn't the same as job losses.

Re: US economy unexpectedly sheds 92k jobs in February

#32

Post by spiderfarmer »

dashundchen wrote: post #23
gigatexal wrote: post #2

What a favorable headline. In reality everyone knows why the economy isn’t growing: Trump’s policies are paradoxically anti business given his public persona of this big bad amazing businessman. The guy failed at selling steaks in America. In America.

Oh don't worry, Trump and his cronies have been growing their wealth just fine. His net worth has grown over $4 billion since taking office again, and that doesn't count his sons or other insiders that have been taking bribes and making insider trades. The single most corrupt politician we've ever had, with a family full of criminals. As always with these losers, the Biden Crime family was purely projection.

Add to that the myriad of people in his surroundings who profit of this chaos immensely.

Re: US economy unexpectedly sheds 92k jobs in February

#33

Post by sybercecurity »

aliljet wrote: post #6

There's a vibe in at least the PNW that feels like the tech sector is sloughing jobs and avoiding creating new ones courtesy of AI. I genuinely wonder if that feeling is backed by reality and whether it's large enough to be translating into national statistics across all industries.

I don't know either. I do wonder if AI is just and excuse since saying "we have to let people go because the economy is bad and our costs are up." spooks investors while "We adopted magic AI and don't need people anymore" sounds like these companies are being proactive so investors don't dump their stocks.

Re: US economy unexpectedly sheds 92k jobs in February

#37

Post by ck2 »

paxys wrote: post #13

If the government-approved numbers are this bad the real ones must be catastrophic.

hey I know lets spend billon per day on war of choice for no reason for rest of year and make gas $5/gallon so even people who don't drive have to pay more for trucks going to stores and delivery

oh and make old/ill people somehow work until they are sixty-five to get any food or medical assistance

that should fix things right up

xmas economic implosion inbound

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