Deportations are also lost jobs. Not sure they will be counted though.
Trump is going to cause the recession. Musk is there because of trump.
Musk paid to get Trump into office. Musk is there because of Musk.
Worst bromance ever.
What makes you think that there’ll be a report in March or April?
Hey, don’t worry, it’s “a good thing” we’re about to enter a recession!
This is the point. They want to crash the economy.
I mean, he said so himself even before the election. We just have the fucking stupidest, god awful people in this country that apparently wanted it.
he said so himself
I would love to be able to show some of my MAGA relatives that clip. Do you have a link?
Thank you for the link.
In the article Elon Musk said that we (and by we he means us) have to reduce spending to live within our means. LOL. This from the guy who sells $100k cars.
But hey, look on the bright side: Musk and his rich bros will be able to buy up stuff for dirt cheap!
Oh come now! That’s surely just a coincidence.
The people burning down the nation release the “report”. Dear leader haz bestest economy evar will be the headline. We will never see clean information again, thats the point. Best unemployment numbers, homelessness over, drug war won, best economy ever, amerikkka has no gays, immigration solved, fairest elections ever. Im concerned that people dont see this coming and trust any information released by this new “government”.
Demanding that reporters who make criticisms of Trump/Musk be fired and jailed, is going to get the agencies in line with our Fuhrers.
My guess is that the first bad report will be accurate, but once this administration gets caught with their pants down, they’ll fire that team and start releasing jobs reports that have been sharpied to death.
“Jesse Rothstein is an economist, and currently professor of public policy and economics at the University of California, Berkeley. In 2010, he was chief economist at the US Department of Labor. He is the founding director of the California Policy Lab, a research associate of the National Bureau of Economic Research, and is a member of the editorial boards of Education Finance and Policy, The Review of Economics and Statistics, American Economic Review, and Industrial Relations.[1][2][3][4]”
For those that don’t know the guy he’s got a solid pedigree
Who is there to warn though?
You got your normal Americans who already know this.
And then there’s the manipulated
NazisMagas that won’t even listen to this warning.This is some of that bizarre, black-and-white thinking I’ve come to expect from Lemmy (and, of course, reddit). I can assure you that there are a lot of “normal Americans” who do not “already know this”.
I feel like too many of the people here really do need to touch grass. Idk if it’s the high number of people in tech work or something else but I see so many takes of what “normal” people that’s so far off the mark it makes me question when was the last time they spoke to an actual person.
If by “actual person,” you mean Trump voter, I’m afraid our definitions of people might be different.
Crises are a feature of capitalism. Marx talked about this. Things become hell for the working class, and the capitalists reap the rewards.
Yes, and people with power, people with connections, and people who are rich will always benefit from crises. Naomi Kleins The shock doctrine explains this very well in a modern context.
Adding to my reading list!
That being said there is yet to be a system that does not have crises.
We haven’t tried many
Humanity has, the one with the least propensity to experience crises is the one most nations are following.
Controlled economies are much less stable but Marx was unaware of that as economics in his time was less data driven and more philosophical.
Controlled economies are much less stable
Said in thread about how nuking the control over the economy is about to cause a recession. Yeah, sure.
Deregulation almost always leads to the working class being robbed, the land poisoned, and people killed.
Instead of ranting about deregulation why not look at how poorly controlled economies behave? There aren’t many functioning and what few exist aren’t doing great. Humanity is not smart enough to currently run a controlled economy effectively. That might change if actual AI exists but right now we cannot do it.
Remember the largest command economy in history, The USSR, collapsed mostly because of economic failures that were self created. The second largest command economy was the PRC who moved away from it to a hybrid system and has had greater stability since then.
Every economy is controlled in some way.
Yes but “controlled/command/planned economy” refers to one where the state sets prices rather than letting market forces determine them. This is not possible to competently do right now with current technology.
The difference is nobody wants to fix them right now, instead misdirecting people toward “woke DEI” and “government waste” as if reducing these will magically fix the crisis.
That simply isn’t true. There are thousands of economists all around the world trying to fix these problems.
What you are talking about is grandstanding politicians in America which isnt reflective of all nations.
The incompetent scammer isn’t capable of making economic sound decisions? Who could have imagined that?
Yeah no shit? Like anyone honest with themselves KNEW that would be the result if Trump won the presidency.
They should have been saying this BEFORE the election, instead of gargling the wrinkled, atrophied, and filthy balls of Trump.
The jobs report doesn’t mean a whole lot when it comes to whether we’re in a recession. Unemployment and the maker are correlated, but the former doesn’t cause the latter, rather the inverse.
While I agree a recession is likely, I think it’s because of tariffs and the ensuing response from our trade partners, not cutting federal jobs.
I have some serious concerns about that guys credentials if he thinks unemployment causes recessions…
True, I think (hope) OP meant that a poor jobs report portends a deep recession.
US GDP for all of 2024 is positive, but consumer sentiment isn’t getting any better any time soon. Add in talk of a shutdown in March, and the market might take this and the weekly on-again-off-again tariff BS as uncertainty best avoided and get all bearish. Meaning more job losses in the private sector, etc.
I’m personally ready to hunker down for a full on 2008-style recession.
It sounds like they’re saying the jobs report will be bad because of the workforce reduction the government reduction. A monthly jobs report is usually around 100-150k jobs added, so a 200k reduction would put that in the negatives.
The jobs report is only useful as a trend, and even then only in concert with other data. The OP really needs to clarify what they mean, because this sounds completely uninformed as to what the jobs report means and how it’s used.
I fucking hope so. I cannot wait to watch this burn down around them.
Lol. It’s not going to. They are going to lie and say things are better than ever. Anything wrong is the Dems fault. It’s only going to get worse from here until the day you die.
Which will not be long.
It’s time for us to come to terms with the fact that we are all within a few months of death due to bombs, lack of food and water, and disease. Enjoy your last few months while you can.
By April, the employment report will probably be either heavily doctored or just downright not published.
Nazis don’t care about the truth.
Taking a page from the CCP
It’s sad that you have downvotes for this. It is a common practice in authoritarian states.
