[squidbeak]

> US economy >> unexpectedly << sheds 92,000 jobs in February

[imzadi]

But this is the full amount of jobs shed:

> Payrolls in the US dropped by 92,000 and the unemployment rate ticked up to 4.4%, according to the latest official figures, surprising analysts who had expected hiring to remain stable.

I'm not in any way suggesting the economy isn't taking a shit, but I'm curious about the actual expectation and reality. I know it says analysts expect hiring to be stable, but hiring isn't the same as job losses.

[buckle8017]

Ok but was the expected loss 60k or 0?

Makes a big difference.

[bilbo0s]

Well the data says:

2022, gained 678,000 jobs in February (Doesn't really count, global economy was emerging from Covid shutdowns.)

2023, gained 311,000 jobs in February

2024, gained 275,000 jobs in February

2025, gained 151,000 jobs in February (This seems to be the point of discontinuity with gains only about half of what were typically expected.)

2026, lost the 92,000 we're talking about. (Obviously, we had expected a gain.)

[nemomarx]

I believe it was expected to grow by 50k jobs?

[ceejayoz]

A loss wasn't expected at all.

[giantg2]

We live in an infinite growth economy mindset - it's always expected to grow

[smartbit]

This Time Is Different: Eight Centuries of Financial Folly (2011) https://press.princeton.edu/books/paperback/9780691152646/th...