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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

#471

Post by epistasis »

dboreham wrote: post #408
zjsisba wrote: post #309

Earlier 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.…

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.

Well the clear implication is that the class of "criminal" has been expanded. It used to be that you had to be convicted of a crime by a jury to be a criminal, now it's just anybody that Trump dislikes. Execution without investigation has been normalized and accepted, and that's exactly the intent.

Trump fears the people, but if it were slightly more popular there would be even more people hired by ICE and we would be seeing the consitutional abuses that happen today in Minnesota in far more places across the country.

Re: US economy unexpectedly sheds 92k jobs in February

#472

Post by mrexcess »

zkmon wrote: post #108

Absolute numbers such as 92k do not give full picture. About half million jobs get added every month and there are 165 million people employed in USA.

>Absolute numbers such as 92k do not give full picture

A full picture of what? The metric gives us a full picture on how many jobs were added or lost in the month of February.

Re: US economy unexpectedly sheds 92k jobs in February

#473

Post by justin66 »

xhkkffbf wrote: post #312
Uncle_Brumpus wrote: post #206

Earlier quoted context omitted.

I had never vacationed abroad in my whole life, then last year I traveled separately to Amsterdam (with 2 nights in Groningen) and Paris. Both trips ended up being cheaper than similar domestic trips. Both times I was extremely sad to return home. I would love to emigrate to Europe. One of the nights in Amsterdam, I couldn't sleep and spent the night frantically researching how to legally emigrate.

That's a bit ironic. If all of the undocumented people in the US spent this much time trying to emigrate legally, the US wouldn't need ICE and we wouldn't be having this discussion.

> If all of the undocumented people in the US spent this much time trying to emigrate legally

Many of the "undocumented people" (what an Orwellian phrase) that have been rounded up by ICE are picked up during court hearings or immigration interviews. An easy way for agents to meet their quota without doing any actual investigative work. Say what you will about them but there's no denying those people were by definition "trying to emigrate legally." This has been widely reported.

Re: US economy unexpectedly sheds 92k jobs in February

#474

Post by dehrmann »

What are the current theories about why the perceived(?) healthy unemployment rate is lower post-covid? 4.4% is spectacularly good by historic standards. This has also been the slowest medium-term upswing in unemployment since WWII.

https://fred.stlouisfed.org/series/UNRATE

I'd ignore the headline number and wonder what the longer term trend means because this isn't normal.

Re: US economy unexpectedly sheds 92k jobs in February

#475

Post by lukeschlather »

kypro wrote: post #449
JumpCrisscross wrote: post #431

Earlier quoted context omitted.

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

> Private education and health services I'm probably missing something here, but those seem quite unrelated categories, and I'm not sure why anyone would pay for private education these days when we all have access to free AI private tutors?

Children have no frame of reference to understand when AI is totally making things up. 1:1 instruction is more valuable than ever to teach children to be critical and verify misinformation that AIs subtly interleave.

Re: US economy unexpectedly sheds 92k jobs in February

#476

Post by mschuster91 »

yonaguska wrote: post #455
JumpCrisscross wrote: post #431

Earlier quoted context omitted.

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

My personal take is that it's just hit a breaking point where people have finally decided that it's not worth the money. Im not the only person I know with an uninsured wife, and only coverage for my kids. If it weren't for my kids, I wouldn't have enrolled in insurance either. The math just doesn't work out for someone relatively young and with no major health issues. And with the government cutting back spending, w…

> The math just doesn't work out for someone relatively young and with no major health issues.

The thing is, bad and expensive health issues can literally come upon you over night. You can get hit by a vehicle or get beaten up with no perpetrator to be held accountable, you can develop an aneurysm, get food poisoning, get pregnant unexpectedly (with all the risk that comes with, including healthcare not being accessible because of anti-abortion BS), or you can simply fall over a step in your own house.

Re: US economy unexpectedly sheds 92k jobs in February

#477

Post by h2zizzle »

h2zizzle wrote: post #104
nerdsniper wrote: post #30

Earlier quoted context omitted.

Where is the money that was going to VC investments going now? With increasing inequality, I figure rich people have more money than ever that they need to figure out where to invest.

Interest on debt; shoring up the financial vehicles and insurance through which they diffused the catastrophic losses of their bad bets from the past few decades; stockpiled for the inevitable economic collapse and the feeding frenzy that will follow; land.

I just want everyone to understand that part of why everything is so expensive today is because our elite funneled the surpluses from the electronic revolution into boondoggles that not only didn't make back what they cost, but that demand even more labor, to this day, to cover maintenance and interest.

>Yeah, screw DEI!

lmao I'm talking about wars; sprawl; advertising and consumerism; wasteful or gatekept luxuries; feet-dragging on any number of technologies and policies that could have mitigated the damage, just to please incumbents.

We temporarily made life spectacularly better for like 5-10% of the population, and doomed everyone to either generations of toil, or a hard reset in the form of a "burn it all down" revolution.

Re: US economy unexpectedly sheds 92k jobs in February

#478

Post by epistasis »

newfriend wrote: post #376
spencerflem wrote: post #367

Earlier quoted context omitted.

You can be anti billionaire and still not be a fuckass racist

Immigrant isn't a race.

Mass deportations are being conducted mostly on the basis of race. The accusation of blatant racism, come from police chiefs, from judges, as well as everybody experiencing the mass deportation. And the accusation of racism isn't that immigrants are a race, but the exact racial discrimination in who gets kidnapped and disappeared by masked men that are indistinguishable from criminals.

Re: US economy unexpectedly sheds 92k jobs in February

#479

Post by Kwpolska »

dmos62 wrote: post #87
nemo44x wrote: post #46

Earlier quoted context omitted.

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.

Are you implying they knew that Iran would get bombed and would in retaliation bomb everyone across the Persian gulf?

There were rumours about those things, and some western countries issued travel advisories a few days before. Either way, Dubai is not a good place to go, no matter what bribed influencers tell you.

Re: US economy unexpectedly sheds 92k jobs in February

#480

Post by elictronic »

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.

Many of those losses have been included in past numbers. Be mindful this is February numbers and many of the events that would cause big changes to tourism have had time to settle.

With that said, I’m sure the US Iran conflict is going to have all kinds of fun effects.

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