It means that if we cut off or discourage immigration, we can’t count on non-native citizens to continue boosting our numbers. So, we have to look at the native-born stats to get an idea of our future.
Under this administration, you are. Be prepared to have your citizenship revoked. I am not trying to scare you, or be flippant or cynical. I truly believe we are witnessing the rise of ultraxenophobic fascism.
That seems to be everyone above 16 years of age.
It excludes inmates, that is penal and mental institutions (which in the land of the free is surprisingly sizeable chunk).
Also excludes active military personnel.
Notably it includes people who are disabled but are unable to work.
I understand the US economy is experiencing some… troubled times. However, 4.4% unemployment rate, while that’s an increase, sounds really low compared to other countries. Am I missing something?
US economy is robust, the problem is that people don’t have the same safety nets when out of work.
No job means no healthcare or reduced coverage for many people for example so it
is a bigger deal to have unemployment.
Which means a Finnish or Spanish level unemployment would be much more catastrophic, however anyone expecting demise of the US will have to keep waiting as the country is very rich and developed and as a result they will re-group and be fine.
You’re absolutely right. The labor market is still quite strong. All the doom and gloom from places like HN is coming from the many layoff announcements and fear of AI.
In fact, we're winning so much that we really don't know what to do about it. People are asking me, please, please, please, Mr. President, we're winning too much. We can't take it anymore. We're not used to winning in our country until you came along, we're just always losing. But now we're winning too much. And I say, no, no, no, you're going to win again. You're going to win big. You're going to win bigger than ever.
The ungameable statistic is the native born labor force participation rate, which also ticked down: https://fred.stlouisfed.org/series/LNU01373413.
Unfortunately, that figure never recovered from the pandemic. It also never recovered from a major drop after the 2008 recession.
I’m naturalized—very, very long term—but I couldn’t find any stats that track by US citizens.
I suppose that makes me a second-class citizen?
You have one right fewer than natively born Americans - you can't become the President. Make of that what you will.
It means that if we cut off or discourage immigration, we can’t count on non-native citizens to continue boosting our numbers. So, we have to look at the native-born stats to get an idea of our future.
The future is a labor shortage. Good for wages, bad for inflation.
Under this administration, you are. Be prepared to have your citizenship revoked. I am not trying to scare you, or be flippant or cynical. I truly believe we are witnessing the rise of ultraxenophobic fascism.
As the population continues to age, and more people are 62+, this is expected...
I don’t think that’s telling the whole story.
Immigration has always been used as leverage against the native workers, and now it’s more efficiently corrupt than ever.
Used by whom?
Look at that trajectory one more time and tell me how 'expected' it is.
The first stages of a worldwide recession is what it looks like to me.
Is this working age population or all ages ?
That seems to be everyone above 16 years of age. It excludes inmates, that is penal and mental institutions (which in the land of the free is surprisingly sizeable chunk). Also excludes active military personnel. Notably it includes people who are disabled but are unable to work.
It is a historical range of working age, so it includes people who are 16 and over and everyone until the die of old age.
I understand the US economy is experiencing some… troubled times. However, 4.4% unemployment rate, while that’s an increase, sounds really low compared to other countries. Am I missing something?
US economy is robust, the problem is that people don’t have the same safety nets when out of work.
No job means no healthcare or reduced coverage for many people for example so it is a bigger deal to have unemployment.
Which means a Finnish or Spanish level unemployment would be much more catastrophic, however anyone expecting demise of the US will have to keep waiting as the country is very rich and developed and as a result they will re-group and be fine.
"The fall was led by a drop in healthcare employment following widespread strikes by medical workers in New York, California and Hawaii"
You’re absolutely right. The labor market is still quite strong. All the doom and gloom from places like HN is coming from the many layoff announcements and fear of AI.
Or the reality, which is that the numbers are royally fudged and the statistic is a farce.
https://news.ycombinator.com/item?id=47275035
US economy unexpectedly sheds 92k jobs in February (bbc.com)
524 points | 23 hours ago | 733 comments
Discussion yesterday https://news.ycombinator.com/item?id=47275035
Already discussed here: https://news.ycombinator.com/item?id=47275035
Already told about this already being discussed here: https://news.ycombinator.com/item?id=47287309
In fact, we're winning so much that we really don't know what to do about it. People are asking me, please, please, please, Mr. President, we're winning too much. We can't take it anymore. We're not used to winning in our country until you came along, we're just always losing. But now we're winning too much. And I say, no, no, no, you're going to win again. You're going to win big. You're going to win bigger than ever.
Doublespeak, am I right? :)
https://en.wikipedia.org/wiki/Doublespeak