Let's talk about Two questions about 92,000 lost jobs during the golden age.... - Belle of the Ranch

Well, howdy there Internet people. It's Belle again. So, today we're going to talk about 92,000 jobs lost in February and two of your questions.

We're going to go over the data in the jobs report. And for once, when it comes to an economic video, this doesn't really require a lot of translation. It's exactly as bad as it looks. February saw 92,000 jobs lost. Almost 100,000 less positions, of course, meant that unemployment went up to 4.4%. To make matters worse, job participation, which is the percentage of Americans in their prime looking for work, fell to just below 84%. In other words, even though less people are looking for work, unemployment went up.

The Trump spin machine is already trying to say this is a loss of government jobs. False. Flatly false. The private sector reportedly lost 86,000 jobs in February. As for those industries Trump said he was going to help. Well, they all lost jobs. 12,000 lost in manufacturing; 11,000 lost in construction; mining and logging--that's also oil and gas lost about 2,000 jobs. There is no silver lining in this report. Onto the questions.

First question, why do all the economist people keep saying not to read into one month of data?

Economic commentators are trying to calm each other by saying it's one month of data because it's not one month of data. It's a trend starting in April of last year. You know, when Trump slapped those unlawful taxes on Americans and called it Liberation Day. That's when this really started. Since then, we've had 5 months of adding jobs and 5 months of losing them. It looks like we're down about 20,000 jobs since Trump's tariffs. Surprise. Tariffs did what the economist said and didn't do what Captain Bankruptcy said.

Here's the second question. Belle, can you explain something to me and I think other people might be asking themselves the same question. I don't support Trump's immigration crackdown, but shouldn't available jobs go up?

No. See that idea is the result of people believing the they took our jobs narrative which is just utterly false. That idea is based on the idea that the person comes to the US, works and does not otherwise participate in the economy. But we all know that isn't true.

So Trump deports a bunch of people who were working and buying food and shopping at the convenience store and buying furniture and buying cars. Well, now the food producers need to produce less, so they need less employees. The grocer makes less money, so less employees. The convenience store doesn't get a rush at 3:00 p.m., so no second person. There's less furniture being sold, so less is made, therefore no factory jobs. Less cars, well, that means less jobs for oil changes, car parts sales, car part manufacturing, and so on.

Trump is reducing the number of consumers in the US. Of course, it's hurting the economy. In a bit of poetic justice, those people who support the crackdown because they think they're taking their jobs are the ones competing for the jobs there are now less of. Overall, this report is pretty horrible. We might get a little reprieve as tax refunds go out, which should increase spending, but this doesn't really bode well for this year.

Anyway, it's just a thought. Y'all have a good day.