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Just for reference, Canada, with an economy less than 1/10 the US lost 66k jobs in August. https://www.cbc.ca/news/business/canadian-economy-bled-66-000-jobs-i
by andy99 1y ago
Just for reference, Canada, with an economy less than 1/10 the US lost 66k jobs in August. https://www.cbc.ca/news/business/canadian-economy-bled-66-000-jobs-in-august-as-unemployment-rate-at-its-highest-since-pandemic-days-1.7625918 https://www.cbc.ca/news/business/canadian-economy-bled-66-00...
My first reaction to 32k for the US is that it's obviously negative but a pretty modest decline.
- NicoJuicy 1y agoWell, they were hit with import tarrifs...
- fabian2k 1y agoThe US policy is dragging many countries down, not just itself. The tarrifs and the huge uncertainty is really hitting companies that export to the US.
- alkyon 1y agoNext major crisis (like worst-case scenario AI bubble crash) could cause US economy to shed 3 million jobs. Unemployment rate reached 9% in 2010, now it is just 4%. 32k is a fairly insignificant number compared with 160 million employed overall.