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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

#92
post #7

I 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 numbers are seasonally adjusted- the reports themselves are not very difficult to read, I suggest you go to to the source: https://www.bls.gov/news.release/empsit.nr0.htm

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

#94
post #50
post #5

Unexpectedly, 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...

What do you mean noise? American people pay 96% of them with an average cost of $1000+ per family over the last year. To the vast majority of people that's waaayyyy above the noise floor.

Re: US economy unexpectedly sheds 92k jobs in February

#95
post #37
post #13

If 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

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

Re: US economy unexpectedly sheds 92k jobs in February

#96
post #6

There'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.

The idea doesn't really make sense to me. We know LLMs increase productivity, especially for coding, but increasing productivity shouldn't make you fire people unless your business has already exhausted any potential for growth. Instead we would expect the increased productivity to grow businesses further and increase hiring for all other tasks that LLMs are still not good at.

Re: US economy unexpectedly sheds 92k jobs in February

#97
post #72

Earlier 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…

Curious, how do they make copies of everything? Do they just film the phone as they're scrolling it?

Re: US economy unexpectedly sheds 92k jobs in February

#99

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 took a taxi ride from Niagara (ON) to Buffalo. The Canadian driver really was leery of Americans and I apologized for everything. It's a dang shame, and I don't blame you all for feeling this way.
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