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US economy unexpectedly sheds 92k jobs in February

bbc.com

431–440 of 836 posts

Re: US economy unexpectedly sheds 92k jobs in February

#431
post #419

Here is the official source: https://www.dol.gov/newsroom/economicdata/empsit_03062026.pd... Some of the main categories (page 8 of the pdf): - Construction: -11.0k - Manufacturing: -12.0k - Transportation and warehousing: -11.3k - Private education and health services: -34.0k - Information -11.0k - Leisure and hospitality -27.0k It seems to go down in lots of different sectors.

Healthcare was carrying the economy. Any commentary on why that’s failing?

Re: US economy unexpectedly sheds 92k jobs in February

#432
post #129

Earlier quoted context omitted.

My mom's condo complex in Hawaii used to have many owners from Canada. Over the last year, the number of units for sale has probably 10x'd from previous years.

Are people from Qatar and UAE now buying these? Seems these are our new allies now

They were our new allies for a few weeks there and now they’re cannon fodder for Iranian shaheeds.

Probably not our friends anymore.

Re: US economy unexpectedly sheds 92k jobs in February

#433
post #129

Earlier quoted context omitted.

My mom's condo complex in Hawaii used to have many owners from Canada. Over the last year, the number of units for sale has probably 10x'd from previous years.

Are people from Qatar and UAE now buying these? Seems these are our new allies now

[flagged]

Re: US economy unexpectedly sheds 92k jobs in February

#434
post #419

Here is the official source: https://www.dol.gov/newsroom/economicdata/empsit_03062026.pd... Some of the main categories (page 8 of the pdf): - Construction: -11.0k - Manufacturing: -12.0k - Transportation and warehousing: -11.3k - Private education and health services: -34.0k - Information -11.0k - Leisure and hospitality -27.0k It seems to go down in lots of different sectors.

Pretty useless without knowing at least what % of the total they are per category and what type of jobs they are.

Re: US economy unexpectedly sheds 92k jobs in February

#435

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.

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.

I hope a couple of U.S. tourists won't find any trouble driving through Alberta. Would a "We Love CANADA" bumper sticker help?

(Asking for a friend.)

Re: US economy unexpectedly sheds 92k jobs in February

#436

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 vast majority of tourism in the US (around 90%) is domestic. The total drop of inbound international tourism is about 12%. The effect is noise-level compared to larger economic forces at play. The US is just not an international tourism dependent country in any way.

Most industries take notice when they lose 12% of a market. This is Russian style propaganda to say 'ignore this it's nothing'. We have an insane amount of policy/policy discussion around coal which only employs 40,000 people.

I live in a border state with Canada and this is having a huge impact for my community and those around us. I can't imaging it not impacting at least 40,000 Americans.

Re: US economy unexpectedly sheds 92k jobs in February

#437
post #419

Here is the official source: https://www.dol.gov/newsroom/economicdata/empsit_03062026.pd... Some of the main categories (page 8 of the pdf): - Construction: -11.0k - Manufacturing: -12.0k - Transportation and warehousing: -11.3k - Private education and health services: -34.0k - Information -11.0k - Leisure and hospitality -27.0k It seems to go down in lots of different sectors.

I wonder why "Private education and health services" is down so much. My guess is because federal cuts to health services impacted jobs???

Re: US economy unexpectedly sheds 92k jobs in February

#438

Earlier quoted context omitted.

Agreed but we also have to stop saying "the majority support this" or "half the country supports this" it ain't true and leads people to feel hopeless.

Yet, if we re-did the election today, we'd have the same outcome. People might not support what is happening but they will never "vote for the other guy." I personally know people who disagree with everything that's going on, but they'll still vote (R) next time "because I'm a (R)," as if it's their intrinsic physical trait like hair color.

I am not confident that is as cut and dried as you are putting forth, there have been massive swings in heavily red districts the other way for special elections in the last few months and Republican polling is abysmal.

Re: US economy unexpectedly sheds 92k jobs in February

#439
post #419

Here is the official source: https://www.dol.gov/newsroom/economicdata/empsit_03062026.pd... Some of the main categories (page 8 of the pdf): - Construction: -11.0k - Manufacturing: -12.0k - Transportation and warehousing: -11.3k - Private education and health services: -34.0k - Information -11.0k - Leisure and hospitality -27.0k It seems to go down in lots of different sectors.

Pretty useless without knowing at least what % of the total they are per category and what type of jobs they are.

The distinction between + and - is useful even without either of those.

Re: US economy unexpectedly sheds 92k jobs in February

#440

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.

My partner works for a small, foreign-tourist focused hospitality company in the US. She says their numbers have fallen off a cliff in the last year. Apparently everyone is hoping that the World Cup will make up for the decline in tourism, but the are way below expectations of where they thought they would be by now.
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