latest edition was A.I, prediction markets, GLP-1s -- all indicative of a "Casino" economy where you know the odds are against you but you gamble anyway so you might become one of the few winners

the US is caught up in a weird middle - where its lacking labor capacity for essential manufacturing & other positive contributions while also lacking job making capacity

because all the money has gone into casino economy not capacity building

1Q 2026: 130,000 jobs added, unemployment 4.3%

"It is true that some of the fields that have been adopting A.I. fastest - such as information and professional and business services - have been shedding jobs. That is also partly because those fields hired much more quickly during the pandemic years, and have been going through a correction."

IT, finance losing jobs

Healthcare, manufacturing gaining jobs

There's no chance for survival just by glancing over the headlines.

Almost no jobs were added net and the few that were, were all in health care, 131K i think the article said.

what i find interesting is that unemployment percent still looks low. is it accurate? even if it's wrong, shouldn't it be correct on a relative basis? why isn't this number climbing?

The anemic employment market calls for lower rates, but inflation still persistently being 50% higher than it should be calls for rate hikes.

My prediction: this inflation isn't going away without viciously painful rate hikes. It'll probably get worse.

Job numbers need to be considered in the context of a lot of other numbers, including population growth. As the other top thread yesterday highlighted, the US is experiencing slowing population growth, which may also have been exacerbated by the recent upheavals in immigration.

I may be butchering the theory here, but the point is that the economy is a dynamic, inter-connected system, and a smaller population requires fewer jobs. (As a silly example, you need many more car mechanics for a town with a population of 1000 as opposed to a population of 100.) That actually has implications for GDP growth as well.

That's not to say the overall economy is doing great, just that these job numbers should not be taken as a complete indicator of it.

The fake economy is now about AI, gambling and cryptocurrencies. It does not help that the current administration contains several Epstein disciples when Epstein was into these tech fantasies as well.

The misallocation of capital claims to grow the pie, but it dilutes the pie with fake growth so people that own the fake parts have more money to buy up the good parts.

U.S. jobs disappear at fastest January pace since great recession

https://news.ycombinator.com/item?id=46925669

Is anyone looking at this and the CBO figures and not just realising the government is straight lying about the figures?

Gonna believe Powell and Waller on this one.

https://www.urban.org/urban-wire/why-firing-bls-commissioner...