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It's true that NYC private sector employment is different from the US labor market as a whole, but NYC private sector employment is better representative of wha
by apical_dendrite 1y ago
It's true that NYC private sector employment is different from the US labor market as a whole, but NYC private sector employment is better representative of what readers of this site care about than overall US employment. Readers are much more likely to be affected by changes in the professional services and information sectors than, say, agriculture.
- timr 1y agoAnd again, even if you assume that all of that is true, you're still making a leap of logic that these changes are because of the tariffs.
- immibis 1y agoWhat else changed?
- timr 1y agoI named several in my original comment. The big, blinking, obvious YoY change for anyone here is tech employment.
- immibis 1y agoAs a result of tariffs
- mensetmanusman 1y agoNo, that was R&D deduction changes.
- epistasis 1y agoThe agricultural section indicators are that there's about to be a big, expensive bailout for ag: > “Right now, we have zero bushels of soybeans on the books with China for this fall harvest that has begun in the Deep South,” Ragland said. “Normally by this time, close to 40% of our sales for the marketing year are on the books. And with zero on the books right now, it is alarming for American soybean farmers.” https://www.farmprogress.com/soybean/us-soybean-exports-to-china-plummet-alarming-farmers-as-harvest-begins https://www.farmprogress.com/soybean/us-soybean-exports-to-c... The first time that Trump screwed over with tariffs, they got tons of bailout money that we all paid for. Not all sectors of the economy are so lucky. The big man at the top must be paid with either bribes or allegiance or both.
- jrs235 1y agoIt's part of the plan. Small farms will be the ones to go bankrupt. The large corporate, black rock et al owned, "farms" (read businesses) will be bailed out and allowed to scoop up the little ones for pennies onto the dollar.
- enaaem 1y agoICE raids are freeing up a lot of spots in the agri sector.