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> US economy >> unexpectedly << sheds 92,000 jobs in February
by squidbeak 7mo ago
> US economy >> unexpectedly << sheds 92,000 jobs in February
- buckle8017 7mo agoOk but was the expected loss 60k or 0? Makes a big difference.
- nemomarx 7mo agoI believe it was expected to grow by 50k jobs?
- deleted 7mo ago[deleted]
- deleted 7mo ago[deleted]
- bilbo0s 7mo agoWell the data says: 2022, gained 678,000 jobs in February (Doesn't really count, global economy was emerging from Covid shutdowns.) 2023, gained 311,000 jobs in February 2024, gained 275,000 jobs in February 2025, gained 151,000 jobs in February (This seems to be the point of discontinuity with gains only about half of what were typically expected.) 2026, lost the 92,000 we're talking about. (Obviously, we had expected a gain.)
- giantg2 7mo agoWe live in an infinite growth economy mindset - it's always expected to grow
- smartbit 7mo agoThis Time Is Different: Eight Centuries of Financial Folly (2011) https://press.princeton.edu/books/paperback/9780691152646/this-time-is-different https://press.princeton.edu/books/paperback/9780691152646/th...
- ceejayoz 7mo agoA loss wasn't expected at all.
- imzadi 7mo agoBut this is the full amount of jobs shed: > Payrolls in the US dropped by 92,000 and the unemployment rate ticked up to 4.4%, according to the latest official figures, surprising analysts who had expected hiring to remain stable. I'm not in any way suggesting the economy isn't taking a shit, but I'm curious about the actual expectation and reality. I know it says analysts expect hiring to be stable, but hiring isn't the same as job losses.