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Unemployment is particularly an odd one to put in there. Nobody is complaining about macro unemployment due to Canada or tariffs. Tariffs aren't causing serious

Unemployment is particularly an odd one to put in there. Nobody is complaining about macro unemployment due to Canada or tariffs. Tariffs aren't causing serious problems so far. In fact pretty much every report indicates they're helping the US, with China eating the bulk of the cost up to now. US steel companies are booming for the first time in decades. Steel & aluminum tariffs are also not harming the economy yet.[1] Employment is increasingly setting records on almost everything. Check out the job demand boom on durable goods manufacturing [2]: https://i.imgur.com/CViKovj.png https://i.imgur.com/CViKovj.png [1] https://www.cnbc.com/2018/12/11/steel-and-aluminum-tariffs-are-not-hurting-the-economy-study-says.html https://www.cnbc.com/2018/12/11/steel-and-aluminum-tariffs-a... [2] https://www.bnnbloomberg.ca/u-s-factories-are-posting-job-openings-like-never-before-1.1181053 https://www.bnnbloomberg.ca/u-s-factories-are-posting-job-op...

elvirs 8y ago
unemployment numbers are distorted. they count all part time jobs and gig economy signups as employment. these arent jobs, you can afford a decent life with this kind 'employment'. people working as teachers, working as salesperson at an official car dealerships, working in retail cant afford to rent an apartment and are living from shared rooms.
Spooky23 8y ago
My suppliers are facing extreme pricing pressure, and most are raising prices on many commodities. I’ve had more contract performance issues in the last 6 months than in the last decade. Employment is tough to measure. Acecdotally, my employer is attracting many mid/senior level people who are good who are taking entry/journeyman level gigs. That’s usually a forward indicator of bad times ahead, in my experience. Another factor is that tariffs are mechanisms that pick winners and losers. Automated steel and aluminum mills may be booming, but in contrast I just donated to a food drive for dairy farmers in my old hometown — many of whom will be bankrupt soon. They have to choose between heating the barn or buying food. Tariffs are also destroying small and midsize farmers in grain and other commodities.

elvirs 8y ago

unemployment numbers are distorted. they count all part time jobs and gig economy signups as employment. these arent jobs, you can afford a decent life with this kind 'employment'. people working as teachers, working as salesperson at an official car dealerships, working in retail cant afford to rent an apartment and are living from shared rooms.

Spooky23 8y ago

My suppliers are facing extreme pricing pressure, and most are raising prices on many commodities. I’ve had more contract performance issues in the last 6 months than in the last decade. Employment is tough to measure. Acecdotally, my employer is attracting many mid/senior level people who are good who are taking entry/journeyman level gigs. That’s usually a forward indicator of bad times ahead, in my experience. Another factor is that tariffs are mechanisms that pick winners and losers. Automated steel and aluminum mills may be booming, but in contrast I just donated to a food drive for dairy farmers in my old hometown — many of whom will be bankrupt soon. They have to choose between heating the barn or buying food. Tariffs are also destroying small and midsize farmers in grain and other commodities.