I fucking hope so. I cannot wait to watch this burn down around them.
this post was submitted on 21 Feb 2025
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What makes you think that there'll be a report in March or April?
Haha yeah
Won’t these numbers be manipulated and likely outright lies anyway?
Global reciprocal Tariffs, aren't going to lead to recession, they're going to lead to the worst Global economic depression since the 1930's. With Trump taking over control of the USPS (announced just today), and martial law soon on the horizon (maybe even a Russian invasion of California, you know, for a treat), this next couple months is gonna be one for the record books
Don't forget everyone's shit getting hacked and the possibility of Twitter becoming WeChat
I highly doubt that. I think we're in for a recession, but I doubt it'll be anywhere near as bad as 2008, much less 1930s. We could be in for some stagflation like the 1970s though, which would suck.
About to?!?
Dude, I have bad news for you.
The jobs report doesn't mean a whole lot when it comes to whether we're in a recession. Unemployment and the maker are correlated, but the former doesn't cause the latter, rather the inverse.
While I agree a recession is likely, I think it's because of tariffs and the ensuing response from our trade partners, not cutting federal jobs.
I have some serious concerns about that guys credentials if he thinks unemployment causes recessions...
True, I think (hope) OP meant that a poor jobs report portends a deep recession.
US GDP for all of 2024 is positive, but consumer sentiment isn't getting any better any time soon. Add in talk of a shutdown in March, and the market might take this and the weekly on-again-off-again tariff BS as uncertainty best avoided and get all bearish. Meaning more job losses in the private sector, etc.
I'm personally ready to hunker down for a full on 2008-style recession.
It sounds like they're saying the jobs report will be bad because of the workforce reduction the government reduction. A monthly jobs report is usually around 100-150k jobs added, so a 200k reduction would put that in the negatives.
The jobs report is only useful as a trend, and even then only in concert with other data. The OP really needs to clarify what they mean, because this sounds completely uninformed as to what the jobs report means and how it's used.