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U.S. added 911k fewer jobs in year through March than reported earlier

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Re: U.S. added 911k fewer jobs in year through March than reported earlier

#331

Post by onlyrealcuzzo »

bobbylarrybobby wrote: post #147
baron816 wrote: post #136

Earlier quoted context omitted.

The good news is that these economic problems are entirely the result of bad policies and can be reversed. If we were to also raise broad based taxes, it would allow the Fed to cut interest rates, stoking long term investment, loosen up the housing market (which would allow more people to move), lower the Federal deficit, and improve the trade balance (as if that actually mattered).

The effect of a bad policy doesn't necessarily end when the policy does. The economy has inertia so some effects, such as inflation, are self-reinforcing and need active undoing even when the policy is relaxed.

Right.

Our closest allies do not see us as a reliable partner anymore.

That's not going to change for quite some time, AFTER we start moving in a direction amenable to them again.

We are still swimming violently against the currents of our allies.

Re: U.S. added 911k fewer jobs in year through March than reported earlier

#332

Post by groby_b »

danans wrote: post #322
ac29 wrote: post #252

Earlier quoted context omitted.

> If we were to also raise broad based taxes Tariffs affect households unevenly [0], but I think it would be fair to characterize them as broad based taxes. [0] Some good info here: https://budgetlab.yale.edu/research/state-us-tariffs-septemb...

> I think it would be fair to characterize them as broad based taxes Tariffs are broad based regressive taxes, falling predominantly on the lower deciles of the income distribution. The OP seems to be proposing broad based progressive taxes. However the place to start first, politically speaking, is raising taxes the 10th decile.

Yeah, but that also contains the core customer segment for buying representatives, so probably not. We'd like to protect that market.

Re: U.S. added 911k fewer jobs in year through March than reported earlier

#333

Post by vlachen »

mbfg wrote: post #257
jghn wrote: post #215

Earlier quoted context omitted.

Don't worry. Congress will take back this power as soon as a Dem is in office.

Will there be another election?

I've honestly wondered this too. But we cannot obey in advance. If they're going to try and take it from us, then there should be a fight every step of the way. That means our cynical perspectives, as right as they may be, could lead us into a self-fulfilling prophecy.

Re: U.S. added 911k fewer jobs in year through March than reported earlier

#334

Post by [deleted] »

logifail wrote: post #35
deepGem wrote: post #26

What I really fail to understand - how can departments like BLS screw up to this extent. Either they are grossly incompetent or they are intentionally corrupt. The data covers the period from March 2024 to March 2025 and trims the average monthly jobs gains seen during this period (roughly the last 10 months of Joe Biden's presidency and the first two months of Trump's) from a monthly average of 147,000 to about 71,0…

> how can departments like BLS screw up to this extent My null hypothesis might be that the BLS works for the government, so how can they not be under (implicit) pressure to goal-seek their figures. Once the figure has been published, and widely reported, it can be revised downwards months later, few will care. The system may be broken by design.

[deleted]

Re: U.S. added 911k fewer jobs in year through March than reported earlier

#336

Post by CursedSilicon »

trod1234 wrote: post #173
cjfd wrote: post #166

Earlier quoted context omitted.

[flagged]

Its hard to ascribe individual responsibility in that way when the only two choices were existentially awful. "You elected an idiot president...", the choices were Communism, or Fascism; which is recoverable and better for people. Certainly not the former, but to be clear neither are a real choice when you vote for democracy, and not voting is a vote for both fascism/communism at the same time. Such was a similar fai…

Do...do you know what communism is?

It's not "the government does stuff and I don't like it"

Re: U.S. added 911k fewer jobs in year through March than reported earlier

#337

Post by unethical_ban »

trod1234 wrote: post #173
cjfd wrote: post #166

Earlier quoted context omitted.

[flagged]

Its hard to ascribe individual responsibility in that way when the only two choices were existentially awful. "You elected an idiot president...", the choices were Communism, or Fascism; which is recoverable and better for people. Certainly not the former, but to be clear neither are a real choice when you vote for democracy, and not voting is a vote for both fascism/communism at the same time. Such was a similar fai…

No, a choice for Harris was not a choice for Communism. By no means.

Now, I would like to hear your specific recommendations for alternatives to FPTP or ranked choice voting. Approval? Multimember?

Re: U.S. added 911k fewer jobs in year through March than reported earlier

#339

Post by supportengineer »

nradov wrote: post #288
simianparrot wrote: post #261

Earlier quoted context omitted.

Some people can’t comprehend that the graph can’t go up infinitely

Why not? There is no practical limit to human innovation and productivity growth.

There's a limit to how much digital shit you should consume.

Re: U.S. added 911k fewer jobs in year through March than reported earlier

#340

Post by CursedSilicon »

penguin202 wrote: post #163
cs702 wrote: post #53

If unemployment continues to rise, and the one-time impact on prices of tariffs leads to self-reinforcing high inflation, we'll have stagflation : https://en.wikipedia.org/wiki/Stagflation I sure hope not , because stagflation would be extremely unpleasant for everyone. Central banks like the Federal Reserve would be forced to raise interest rates, to put stress on businesses and consumers, so businesses find themsel…

Last administration cooked the books on BLS numbers for nearly 2 years, issuing corrections and all that nobody paid attention to. They also redefined what a recession is during the last administration. Wasn't a news story then, but is now b/c trump.

[citation needed]
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