Well if the crops are going bad, you don’t need to hire the truckers to move the produce, you don’t need to hire the grocers to sell the produce, and you don’t need to hire the chefs to cook the produce.
The article doesn’t address this though, rather:
Job openings decreased in health care and social assistance by 181,000, in arts and entertainment by 62,000, and in mining and logging by 13,000.
Which doesn’t say that it’s directly related. Health care and entertainment jobs reducing is probably more indicative of Americans spending less on discretionary spending either because of economic hardship or the expectation of economic hardship.
Mining and logging losses could be tariff related, or possibly in response to softening demand for primary inputs.
Which doesn’t say that it’s directly related. Health care and entertainment jobs reducing is probably more indicative of Americans spending less on discretionary spending
Healthcare networks are the largest employer in just about every state. The reason we’ve seen shrinking in the job field isn’t because of discretionary spending, but because there’s been instability introduced because of cuts to Medicaid.
This is just the beginning, Medicaid cuts just went into effect, and they are planning on cuts to Medicare reimbursement as well. So I imagine jobs reports are going to be fucked for the foreseeable future.
I imagine jobs reports are going to be fucked for the foreseeable future.
No, the reports will be fine. They’ll be excellent. Beautiful, even. They just won’t be accurate. The administration has made it clear that they’d rather have good numbers than real numbers.
Health care and entertainment jobs reducing is probably more indicative of Americans spending less on discretionary spending either because of economic hardship or the expectation of economic hardship.
This comment implies that in American health care is discretionary spending which speeaks volume to how fucked up accessing health care is in the US.
I thought the fields were going bad because of the lack of workers? I didn’t click the article, just going off of the title.
Well if the crops are going bad, you don’t need to hire the truckers to move the produce, you don’t need to hire the grocers to sell the produce, and you don’t need to hire the chefs to cook the produce.
The article doesn’t address this though, rather:
Which doesn’t say that it’s directly related. Health care and entertainment jobs reducing is probably more indicative of Americans spending less on discretionary spending either because of economic hardship or the expectation of economic hardship.
Mining and logging losses could be tariff related, or possibly in response to softening demand for primary inputs.
Healthcare networks are the largest employer in just about every state. The reason we’ve seen shrinking in the job field isn’t because of discretionary spending, but because there’s been instability introduced because of cuts to Medicaid.
This is just the beginning, Medicaid cuts just went into effect, and they are planning on cuts to Medicare reimbursement as well. So I imagine jobs reports are going to be fucked for the foreseeable future.
No, the reports will be fine. They’ll be excellent. Beautiful, even. They just won’t be accurate. The administration has made it clear that they’d rather have good numbers than real numbers.
And the medical employers are already cutting jobs expecting the downturn in payments.
This is a great point, and one I overlooked. Thanks for sharing!
This comment implies that in American health care is discretionary spending which speeaks volume to how fucked up accessing health care is in the US.
This is a temporary shock due to the abduction and terror inflicted on farm workers. It’s not necessarily representative of the economy as a whole.
Haha, yeah… temporary.