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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

#401

Post by throwway120385 »

travisgriggs wrote: post #213
gaoshan wrote: post #109

Earlier quoted context omitted.

Can't blame you. Coming from the US I have been making a point to vacation in Canada, fwiw. Short of voting, protesting and getting into arguments with MAGA people I don't know what else I can effectively do.

So this. A year ago my wife and I did a road trip up into Canada (Kelowna BC region). It was a new experience. I’ve been up into Canadian provinces many times (20+ over the years), but because of the anti Canadian rhetoric that Trump and company were putting out at the time, I was embarrassed and eager for people to not actually know I was from the states. I was hyper aware of the Washington state license plates on o…

Washington has more in common with BC than with Alabama or Florida. Except for the Pig War, which was more of a disagreement between neighbors over their fence line.

Re: US economy unexpectedly sheds 92k jobs in February

#402

Post by kspacewalk2 »

giraffe_lady wrote: post #27
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.

A lot of the US isn't visiting the US anymore either. For normal personal recessiony reasons but also I know word of mouth several large companies have cancelled planned recurring events in texas, florida, arizona, and not necessarily moved them anywhere else either.

That is a much bigger deal than international arrivals.

Re: US economy unexpectedly sheds 92k jobs in February

#403

Post by dboreham »

mherrmann wrote: post #268
bosch_mind wrote: post #145

I grew up in the US and lived there for 30 years, but now I live in Europe. Every single one of my friends in their 30's finds visiting the US absolutely terrifying (even those who have previously been). I have yet to meet a single friend in today's day that has expressed any interest in visiting.

I live in Europe and was in California in November. No issues.

That's not the point. The number of white European people arrested and shackled by CBP/ICE is very small. But it's NOT ZERO! So at the margin plenty of potential tourists would prefer to go some other place where that chance is effectively zero.

Re: US economy unexpectedly sheds 92k jobs in February

#404

Post by jacquesm »

nemo44x wrote: post #46
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.

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.

You're a great friend to your friends. FWIW: Dubai is unsafe because of the USA. They thought they were out of that sphere of influence unfortunately right now all bets are off, even Iceland and Cuba are not safe.

Re: US economy unexpectedly sheds 92k jobs in February

#405

Post by dboreham »

elicash wrote: post #130
sailfast wrote: post #53

“Unexpectedly” lol We’ve been digging ourselves a giant AI-inflated hole in the economy for months and folks have just been playing musical chairs to grab as much money as possible before the music stops. Hard to believe it’s taken this long. I never wanted to live through the late 70s / early 80s economically but I guess I’ll have my chance!

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.

Projected by people who have no idea?

Re: US economy unexpectedly sheds 92k jobs in February

#406

Post by summerdown2 »

tehjoker wrote: post #286
TwoNineA wrote: post #121

Earlier quoted context omitted.

Controversial opinion, it's way more than half: 1/3 voted for the orange man, 1/3 didn't bother go to vote because "BoTh SideS ARe thE SamE!" and 1/3 tried to do the right thing.

The democrats are complicit in genocide. Trump is attacking allies too, but they’re both criminal. The main difference is “worthy and unworthy” victims.

> Trump is attacking allies too, but they’re both criminal.

In other news, a mouse and an elephant are both mammals.

If only there was some obvious way to tell the difference between them.

Re: US economy unexpectedly sheds 92k jobs in February

#407

Post by pavel_lishin »

jfengel wrote: post #311
epistasis wrote: post #197

Mass deportation means economic contraction. The administration has promised to deport millions of people. Mass deportations on this scale will have a somewhat drastic effect, and the true mass deportation hasn't even started, because they haven't built enough concentration camps to facilitate the deportations. Unless it is stopped the job losses will be absolutely massive, and a tiny tiny footnote to the massive hum…

I'd have expected mass deportations to decrease the unemployment rate, since there are now a bunch of job openings. Some of those jobs will just disappear (resulting in job losses, which is what the headline is about), but unemployment (people looking for jobs and not finding them) is up. It does mean economic contraction, but that's yet another number. That would show up in GDP, but that number is really slow to col…

> I'd have expected mass deportations to decrease the unemployment rate, since there are now a bunch of job openings.

Yes, for jobs that Americans don't typically want to do.

Re: US economy unexpectedly sheds 92k jobs in February

#408

Post by dboreham »

zjsisba wrote: post #309
epistasis wrote: post #197

Mass deportation means economic contraction. The administration has promised to deport millions of people. Mass deportations on this scale will have a somewhat drastic effect, and the true mass deportation hasn't even started, because they haven't built enough concentration camps to facilitate the deportations. Unless it is stopped the job losses will be absolutely massive, and a tiny tiny footnote to the massive hum…

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.…

It was always "criminals only", but the problem is they have quotas for the number of immigrants to deport, and can't (at all) get to those quotas by just deporting criminals.

Re: US economy unexpectedly sheds 92k jobs in February

#409

Post by chazburger »

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.

[flagged]

Re: US economy unexpectedly sheds 92k jobs in February

#410

Post by iamtheworstdev »

bluecalm wrote: post #291
TwoNineA wrote: post #55

Earlier quoted context omitted.

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.

For me it's not about politics at all. Just the thought of going through TSA and immigration is enough to discourage me, especially when I can hop on a plane to Spain, Italy or Cyprus and face 0 inconveniences along the way.

you don't want to give up your DNS to visit the USA? /s
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