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Private employers added just 77,000 jobs in February, far below expectations

98 pointsby jarsin2 months ago

7 comments

jszymborski2 months ago
If Donald keeps at it with World Economic War I, this is only going to get worse.
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nikhizzle2 months ago
This is super interesting. I run a remote job board as a hobby (see below). My best estimate of jobs my crawler found as well as ones it did not is about 12,000 - 15,000 remote jobs added in February. This is a much higher proportion than I would have guessed otherwise.<p>(Edit: I am wrong, I am comparing US jobs to global remote jobs, still interesting, just bad proportions)<p><a href="https:&#x2F;&#x2F;tangerinefeed.net&#x2F;" rel="nofollow">https:&#x2F;&#x2F;tangerinefeed.net&#x2F;</a>
darkwizard422 months ago
This will likely drive unemployment up. The retraction of capital from labor spending doesn&#x27;t seem like a great thing overall, but I wonder where the money will go (does it go instead to scalable improvements like infrastructure&#x2F;cloud spend?)
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ffjffsfr2 months ago
Trade, education, health services and IT saw jobs losses. More jobs in leisure and hospitality. Impact of tariffs is still not clear, also not clear how the tariffs will look like. I suspect uncertainty plays a role. Employers reluctant to hire if they are uncertain about future. Good thing it may justify lowering interest rates
duxup2 months ago
Just perusing resumes recently and we got a ton of resumes from banking &#x2F; insurance. Not at all sure why, could be coincidence but that&#x27;s how it shook out for us recently.
impish92082 months ago
Note: ADP numbers, not official data.<p>Edit: Not sure what’s up with the downvotes. ADP is a private payroll management and hiring company. So they do have a good view into that sector of the labor market. But not all employers use them, and they don’t include government and other types of employment. The Non-Farm Payrolls number due on Friday from the BLS is what actually matters. ADP is intentionally fronting the BLS to position themselves as some sort of reliable data source.
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quelup2 months ago
Top comment is a one sided political one...what happened to HN? :(<p>Maybe it&#x27;s always been this politically one sided and I just hadn&#x27;t noticed until now, I just always saw it as a place for cool tech and real discussions. But now I&#x27;m noticing liberal comments are incentivized and anything remotely non liberal (like this one) are flagged into oblivion. I guess this means I should probably spend less time in comment sections, content just seems skewed now.
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