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US economy unexpectedly sheds 92k jobs in February

bbc.com

461–470 of 836 posts

Re: US economy unexpectedly sheds 92k jobs in February

#461
post #453

Earlier quoted context omitted.

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

I saw a lot of comments trying to guess where the job were lost in other comments and I think this give a little more context. I put the original source, there are 42 pages of data, if you want more details.

Sorry, ofc, thanks for posting this.

Re: US economy unexpectedly sheds 92k jobs in February

#462
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?

A little under half of US healthcare spending is public programs, the President’s signature “One Big Beautiful Bill” made massive cuts to the federal component of that which started impacting in July of last year, consequently....

Re: US economy unexpectedly sheds 92k jobs in February

#463

Crazy thing is people will vote for this again. Some against their best interest. Others because they appreciate the divide that comes from this type of admin.

I don’t believe they will. They will be thrown out soon enough and hard - but the incumbents will fight like hell to make sure people’s voices are silenced, diluted, or not counted.

Through the magic of serendipity it just so happens that the states that decide for us happen to be MI, WI, and PA and so this concept of backlashes is quite amusing. Tech workers live in a bubble away from these states minus Philly.

Re: US economy unexpectedly sheds 92k jobs in February

#464
post #78

Earlier quoted context omitted.

In all seriousness, I’m unsure that official job numbers (even if they weren’t intentionally distorted, which is a big if these days) have caught up with the gig/creator economy. If a person making ends meet with food delivery and a few dollars of ad revenue is classified as “self-employed,” is that the same level of stability and ability to keep up with cost-of-living increases (which may outpace traditional inflati…

Yes, they have. The BLS actually tracks a number of different "unemployment" numbers, whose definition you see here [0]. The "official" unemployment number, the one now reported as 4.4%, basically only counts the "percent of people actively looking for work that can't find it, who have been looking for work for more that 15 weeks. The number you are trying to capture is what the BLS calls "U-6". That number is define…

Thanks for bringing this up, and you're right that this is closer. I still think it's imperfect, because a gig economy worker who works 35+ hours per week would be considered "employed full time" (footnotes, https://www.bls.gov/cps/cpsaat36.htm) and as far as I know would not be included in the U-6.

I don't have a more recent statistic, but in 2018 half of Uber rides were provided by drivers working 35+ hours per week: https://www.epi.org/publication/uber-and-the-labor-market-ub...

So while I was perhaps too harsh on the work of the BLS, I do think that newer metrics are warranted.

Re: US economy unexpectedly sheds 92k jobs in February

#465

Earlier quoted context omitted.

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.

Less people visit the US because it's do damn expensive. That's the biggest reason for most people. Most people don't have any principles, they go where they can afford. Last year I was in NYC and Miami beach and was shocked how expensive everything was. (I know these are expensive places but that's where most tourists go - they don't visit Kansas)

Those people didn't already come to the USA for starters, NYC has been crazily expensive for years.

There are many reasons people might have, none are good. There is for instance also a risk factor of being harassed and detained by ICE. Cruelty and incompetence are a feature of authoritarian governance, not a coincidence. So anyone going there takes a kind of risk. As has been shown, even Europeans aren't safe from the whimsical paramilitary.

EDIT: I don't think that tourism is a big factor, but as I said elsewhere, it could well be the proverbial canary in the coal mine.

Re: US economy unexpectedly sheds 92k jobs in February

#466
post #187

Earlier quoted context omitted.

The state of the Country is fully on display here when comments like this one are getting downvoted consistently... quite amazing (and sad) to see

How can one downvote on HN?

Some useful information not documented on HN [1] not my repo

[1] - https://github.com/minimaxir/hacker-news-undocumented

Re: US economy unexpectedly sheds 92k jobs in February

#467

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 talked to someone who is hosting an international academic conference. Usually they have about 40% international attendees. This year it is like 3%.

Re: US economy unexpectedly sheds 92k jobs in February

#468
post #354

Earlier quoted context omitted.

I surprised more US folks dont visit Canada, its amazing, much safer, and cheaper for them because of the exchange difference. Im guessing they see prices in CAD ($), and think its more expensive, but not realizing that $1 of theirs buys $1.35 CAD.

> I surprised more US folks dont visit Canada, its amazing, much safer, and cheaper for them because of the exchange difference. 1. A lot of people can't afford vacations right now 2. For people in the US, socially and culturally, there's not much of a "drive" or desire to visit Canada. I've worked for Canadian companies, etc. I've never once in my entire life heard somebody talk about visiting Canada. It's always so…

Visiting Quebec from the East Coast is great. Driving distance, plus Montreal and Quebec City are both different enough to feel like you’ve gone somewhere different. Plus the people are just really nice.

Re: US economy unexpectedly sheds 92k jobs in February

#469

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 do not see the tourism industry mentioned here but I have to imagine that is a huge loss right now.

“Tourism” is not a separately-tracked sector in the data, but would be reflected in several of the tracked sectors ("Leisure and hospitality” particularly, but slices of the tourism spend would be in several of the other tracked sectors.)

Re: US economy unexpectedly sheds 92k jobs in February

#470
post #420
post #343

Earlier quoted context omitted.

This is a good analysis but I’ll say at least for me, it has been a lesser of two evils scenario. Both parties have some really crazy ideas and platforms. I loathe the two party system for this reason.

Yea that's a fair take Like you will go to an election, and your choices will be Republican candidate: "I support deporting your family, I will not only not support cleaner energy but will actively work to increase coal usage, and I think your trans cousin should be forced to transition back even if it makes them commit suicide." Democratic candidate: "I think all of that stuff the Republican candidate said is crazy…

  “I like taking the guns early, like in this crazy man’s case that just took place in Florida … to go to court would have taken a long time,” Trump said at a meeting with lawmakers on school safety and gun violence.

  “Take the guns first, go through due process second,” Trump said.
https://thehill.com/homenews/administration/376097-trump-tak...
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