@philbuildthefuturenow "A global tariff war reduces every country’s welfare, unemployment, and top-income inequality, whereas moving from a worldwide tariff war to free trade raises every country’s welfare, unemployment, and top-income inequality" #TradeWar #tariffs #inequality #inflation #unemployment
GOLDMAN SACHS SEES TRUMP TARIFFS SPIKING INFLATION, STUNTING GROWTH AND RAISING RECESSION RISKS
- aggressive duties from #trump to raise #inflation and unemployment and drag economic growth to a near-standstill
- “we continue to believe the risk from April 2 #tariffs is greater than many market participants have previously assumed"
- They raised its forecast for inflation this year to 3.5%, cut its #GDP outlook to just 1% and raised its #unemployment view to 4.5%
Does anyone remember the aftermath of the second term of the Bush/Cheney presidency? The time to start preparing has already passed. Plan now.
https://www.alternet.org/the-rich-are-worried/
#Economy #Money #Unemployment #President Musk #DOGE
Mr. Blue had an hourlong interview (!) yesterday that seemed to go pretty well. I guess we'll see. #Unemployment
Job loss affects physical and #mental\health, but viewing it as a temporary setback rather than a catastrophe can help minimize health impacts. A social work professor explains: https://buff.ly/Rz0MUTm #unemployment
I predict #unemployment claims begin to rise in the second quarter, snowballing into the summer as the #Trump administration continues their flailing #blitzkrieg, drunk on the false perception of irresponsible power.
#premarket
#investing
#tarrif
#tariffs
#recession
The #JobMarket Is Frozen
#Unemployment is low, but workers aren’t quitting and businesses aren’t #hiring. What’s going on?
The answer is that two seemingly incompatible things are happening in the #job market at the same time. Even as the unemployment rate has hovered around 4 percent for more than three years, the pace of hiring has slowed to levels last seen shortly after the #GreatRecession, when the unemployment rate was nearly twice as high.
https://www.theatlantic.com/ideas/archive/2025/02/jobs-unemployment-big-freeze/681831/
https://archive.ph/Nx8G8
Layoffs and Unemployment Grow Among College Graduates - The unemployment rate for college graduates has risen faster than for other workers over ... - https://www.nytimes.com/2025/03/25/business/economy/white-collar-layoffs.html #executivesandmanagement(theory) #layoffsandjobreductions #artificialintelligence #unitedstateseconomy #bethesdagamestudios #hiringandpromotion #laborandjobs #unemployment
More challenges for the #Asheville area, post-#Helene per the Citizen-Times.
Today in Labor History March 21, 1960: South African police opened fire on peaceful black protesters, killing 69 and wounding 180 in the Sharpeville massacre. Many were shot in the back as they fled. Thousands had been out protesting the hated pass laws, when they decided to march on the police station. The town of Sharpeville had high unemployment and poverty. Its residents had been forcibly moved there from the neighboring town of Topville in 1958. Passbooks were used by the Apartheid regime to control the movement of black residents and to enforce segregation.
From the vault: 2017
What Will Kill Neoliberalism?
https://web.archive.org/web/20170516210539/https://www.thenation.com/article/what-will-kill-neoliberalism/
Usually, when something doesn't work, at a certain point, it's a good idea to stop trying and do something else. Too bad I can't do the same with applying for work.
"[S]tatistical inference is intrinsically conservative: an AI predicts the future by looking at its data about the past, and when that prediction is also an automated decision, fed to a Chaplainesque reverse-centaur trying to keep pace with a torrent of machine judgments, the prediction becomes a directive, and thus a self-fulfilling prophecy:
(...)
AIs want the future to be like the past, and AIs make the future like the past. If the training data is full of human bias, then the predictions will also be full of human bias, and then the outcomes will be full of human bias, and when those outcomes are copraphagically fed back into the training data, you get new, highly concentrated human/machine bias:
(...)
By firing skilled human workers and replacing them with spicy autocomplete, Musk is assuming his final form as both the kind of boss who can be conned into replacing you with a defective chatbot and as the fast-talking sales rep who cons your boss. Musk is transforming key government functions into high-speed error-generating machines whose human minders are only the payroll to take the fall for the coming tsunami of robot fuckups.
This is the equivalent to filling the American government's walls with asbestos, turning agencies into hazmat zones that we can't touch without causing thousands to sicken and die:"
https://pluralistic.net/2025/03/18/asbestos-in-the-walls/#government-by-spicy-autocomplete
Today's "I'm laid off and bored" project.
Figured a torii gate for my desk would be really nice. So why spend $10 and buy one when I could 1) Pinch the skin between my thumb and finger between a hammer and chisel. 2) Make a mess everywhere. 3) Aggravate my lower back pain by bending over chiseling. 4) Realize how much of a pain in the ass cutting a mortice in a round dowel is.
Thankfully wood filler exists. 
Trump II: Screwing you, enriching billionaires, betraying America
• Slashing consumer protection, healthcare, and education
• Corruptly turning over your private data to Musk
• Imposing job-killing, price-hiking tariffs
• Pushing tax breaks for billionaires
• Pardoning violent criminals
Current employer made me "on-call" and removed me from the schedule yet won't assign me a place to work. Honestly feels like these fucks just want to screw me out of getting unemployment.
Please, someone hire me for an honest job doing #customersupport
#unemployment #jobseeker #jobhunting #lookingforwork #evil
Ya no somos campeones después de muchos años, ahora somos subcampeones.
EU #youth #unemployment in January 2025:
26.3%
25.3%
24.7%
21.6%
19.5%
19.5%
19.1%
18.9%
18.7%
18.6%
17.5%
16.7%
16.1%
16.1%
14.6%
14.1%
13.8%
12.8%
11.9%
11.2%
10.4%
10.4%
10.1%
10.0%
9.9%
9.4%
8.9%
6.4%
Today in Labor History March 11, 1811: Luddites attacked looms near Nottingham, England, because automation was threatening their jobs. At the time, workers were suffering from high unemployment, declining wages, an “endless” war with France and food scarcity. On March 11, they smashed machines in Nottingham and demonstrated for job security and higher wages. The protests and property destruction spread across a 70-mile area of England, reaching Manchester. The government sent troops to protect the factories and made machine-breaking punishable by death.
#Reeves and Kendall's welfare benefit changes
PIP will be frozen for one year
It will be harder to qualify for this, too
UC will rise for those judged to be looking for work, but for those who are too ill to look for work, then. .....
THEIR BENEFIT WILL BE CUT !
Up to one million people will be adversely affected, and some of these people will die.
I do not say this lightly
