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.
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.
And the medical employers are already cutting jobs expecting the downturn in payments.
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.
This is a great point, and one I overlooked. Thanks for sharing!