Earlier quoted context omitted.
Ive never been to bluesky but it really gives me bluesky vibes every time i come to HN these days
HN will moderate you for being loudly political unless it's for anarcho-capitalism.
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US economy unexpectedly sheds 92k jobs in February
371–380 of 836 posts
Re: US economy unexpectedly sheds 92k jobs in February
#372Since AI is taking a lot of the jobs and businesses are presumably generating just as much if not more profit due to lower wage costs, I think the world has to align to a new paradigm: a lot of people will be unemployed because the jobs just aren't there any more, but a higher tax on the rich companies can be used to pay for benefits for all the unemployed.
This is the new utopia.
Re: US economy unexpectedly sheds 92k jobs in February
#373I 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.
Some are not willing to visit US, but some, like me, are more willing to visit US. I will probably going for a business trip but I am willing to extend my stay to visit Florida for the Nature, Montana and Wyoming because I enjoyed the atmosphere in Yellowstone and Longmire TV series and Texas because I like the Texans.
How many months are you planning on visiting? Traveling between WY, TX, FL, and MT represents hundreds and hundreds of miles, and many hours.
Also of note, all four of those states are ‘Conservative’ havens…
Re: US economy unexpectedly sheds 92k jobs in February
#374Unexpectedly? BBC is really full style right wing propaganda machine now. This time propaganda by omission (like those articles about Brexit where they never gave "no Brexit" as an option). Zero commentary on tariffs, zero commentary about tourism and ICE, nothing about other policies.
Bloody BBC, keeping to the facts again...
Re: US economy unexpectedly sheds 92k jobs in February
#375If the government-approved numbers are this bad the real ones must be catastrophic.
Honestly, no. The administration is not subtle with its lies. If they want to fib, they do it out of POTUS's mouth at a podium, and it's a huge whopper that just dares the nasty liberal media to try to call it out. The strategy works for them, and they apply it repeatedly. They don't just fudge numbers a bit. This is a bad number for them because it's probably the correct (or best available, really) number produced b…
Don't kid yourself. You're missing the part where the heads of departments who deliver bad or embarrassing news get publicly vilified and/or fired.
That's direct pressure now to fudge/push the numbers before they come out. At the department level, there is usually a long culture of objective process to overcome, so it will probably start off subtle/small, but once they clear the old guard away they will report anything they want.
> the administration is very sensitive to market motion
Not exactly. The administration (Trump) is sensitive to embarrassment and criticism from his own side. Tanking markets are such an embarrassment, and while he might back down when markets tank, he might also do the the other thing he does to deflect embarrassment and criticism, which is to perpetrate some new outrage so that everyone complains about the new thing instead of the old thing.
And, of course, the markets will adjust. Iffy government numbers will get priced in.
You might like to believe there's a rational actor there, but there isn't. It's a guy moving from one gut reaction to the next, where his gut reaction is often to push everyone's buttons.
Re: US economy unexpectedly sheds 92k jobs in February
#376Earlier quoted context omitted.
This is actually why Trump won’t do them, by the way. He’s already changed his rhetoric to “criminals only”. Trump is completely captured by business interests and is not America First. Mass immigration is the billionaire first position. Younger generations understand this, so we likely won’t see some change for a bit, but it is coming. And it makes sense - they’re the ones suffering most from unfettered immigration.…
You can be anti billionaire and still not be a fuckass racist
Immigrant isn't a race.
Re: US economy unexpectedly sheds 92k jobs in February
#377Imagine running a company with any exposure to Trump's schizophrenic tariffs. I wouldn't hire either.
Re: US economy unexpectedly sheds 92k jobs in February
#378Earlier quoted context omitted.
Unexpectedly is because it's a big miss from the projected job numbers. If you felt like the expected numbers were obviously wrong for this month, you should have traded on that information.
How can you trade on projected jobs numbers? The stock market seems detached from macroeconomics anyway.
You could do it directly in the various gambling apps like Kalshi, or indirectly through other types of trades in the market.
Re: US economy unexpectedly sheds 92k jobs in February
#379Earlier quoted context omitted.
It may surprise you, but it’s generally accepted that 1/3rd is less than 1/2.
1/3 explicitly approve and 1/3 implicity approve. If my math is mathing, that's 2/3 and it's larger than 1/2.
This is extremely lazy and unrigorous reasoning that could be extended dishonestly to any number of things. Oh, you aren't protesting genocides? You must support them then. Oh, you're not helping feed hungry people in poor countries? Guess you support child starvation. Oh, you're not contributing to the Rust ecosystem? ...............
Re: US economy unexpectedly sheds 92k jobs in February
#380Trump is too busy bombing other countries. All that money goes to the private military complex.