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Six months into tariffs, businesses have no idea how to price anything

(www.wsj.com)
462 points JumpCrisscross | 8 comments | 30 Aug 25 20:56 UTC | HN request time: 0s | source | bottom
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lazarus01 ◴[30 Aug 25 22:32 UTC] No.45078568[source]▶
In NYC, for the first 6 months of 2025, 994 new private sector jobs were created [1]. During the same period last year, there were 66,000 new jobs created.

Higher cost of doing business from tariffs has frozen hiring. With a frozen job market, there’s less revenue coming in.

NYC is a leading indicator for the rest of the country.

[1] https://www.nytimes.com/2025/08/13/nyregion/nyc-jobs.html

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1. andy_ppp ◴[31 Aug 25 03:28 UTC] No.45080115[source]▶
Don’t worry, Trump can just keep firing the people who make the statistics until he’s proven right :-/
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2. phkahler ◴[31 Aug 25 05:26 UTC] No.45080591[source]▶
That has me shaking my head. He fired the BLS person claiming they were reporting inaccurate stats to make him look bad. A claim of partisan bias - could maybe be some truth to that. But to fire them and replace them? Then it will certainly be biased reporting. I suppose that makes sense if all you care about is image and not actually making things better.
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3. fundad ◴[31 Aug 25 13:44 UTC] No.45083107[source]▶
I question the president’s cognitive state if he openly stated there would be some “pain” and then when the statistics show he was correct, he attacks the BLA director and claims the economy is booming.

The president and his defenders are playing us when they appear to want a growing economy. They don’t.

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4. mathiaspoint ◴[31 Aug 25 14:27 UTC] No.45083391[source]▶
She had been doing crap job going back to Biden. I don't think she was fired for optics.
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5. ipaddr ◴[31 Aug 25 15:50 UTC] No.45084115{3}[source]▶
She is presenting numbers. A bad job might be using black font on a black background not the numbers are not what I want or businesses are not answering surveys quick enough.
6. yifanl ◴[31 Aug 25 16:55 UTC] No.45084717{3}[source]▶
Thankfully, the president doesn't need to be fully cognitive to be president, they just need to win an election every 4 years.
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7. oenton ◴[01 Sep 25 17:55 UTC] No.45094990{3}[source]▶
"She had been doing crap job" with all due respect, citation needed.
8. fundad ◴[02 Sep 25 01:22 UTC] No.45098157{4}[source]▶
What did JD Vance know about Trump’s health when he joined the campaign and why did he keep it from us?