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.
US economy unexpectedly sheds 92k jobs in February
91–100 of 836 posts
Re: US economy unexpectedly sheds 92k jobs in February
#92I would like to know how much contraction is normal. I assume there's always some contraction around that time, because the holiday season is ending and the temp workers are being let go. I didn't see any mention of this in the article though (or I missed it).
The bigger question is the impact of immigration policies- the US population is smaller than expected due to immigration effects, so some of the extrapolation typically done may be skewed. I doubt this will make the numbers look better though. These numbers may be volatile for some time until the true effects of the lack of immigration are understood and modeled properly.
Re: US economy unexpectedly sheds 92k jobs in February
#93[flagged]
Brace yourself: it was by sharply raising rates.
Re: US economy unexpectedly sheds 92k jobs in February
#94Unexpectedly, if you've been in a coma for the past year. Let's raise tariffs again.
tariffs on goods are mostly noise. if there were tariffs on services, though...
Re: US economy unexpectedly sheds 92k jobs in February
#95If the government-approved numbers are this bad the real ones must be catastrophic.
hey I know lets spend billon per day on war of choice for no reason for rest of year and make gas $5/gallon so even people who don't drive have to pay more for trucks going to stores and delivery oh and make old/ill people somehow work until they are sixty-five to get any food or medical assistance that should fix things right up xmas economic implosion inbound
Re: US economy unexpectedly sheds 92k jobs in February
#96There's a vibe in at least the PNW that feels like the tech sector is sloughing jobs and avoiding creating new ones courtesy of AI. I genuinely wonder if that feeling is backed by reality and whether it's large enough to be translating into national statistics across all industries.
Re: US economy unexpectedly sheds 92k jobs in February
#97Earlier quoted context omitted.
An acquaintance had his phone taken away at a US airport by a border guard (or whatever you call them) for inspection. The guard went through his messaging apps, read chats. I understand the necessity for occasional physical searches for contraband or what have you, but reading private conversations is beyond what I can stomach. That, together with the infamous case of some guy being forbidden entry to US because he…
Even a single CBP employee scrolling through your texts feels like too much to me. But when they take your phone, they're making copies of all the content in the phone and as much as possible from any apps/websites you're logged into. And that permanently lives in a database which doesn't afford you even the very thin veil of protection against misuse that a US citizen might be granted. It does all seem to be too muc…
Re: US economy unexpectedly sheds 92k jobs in February
#98Apparently all 130k jobs came from the health care sector with everything else having no growth.
Re: US economy unexpectedly sheds 92k jobs in February
#99I 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.