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462 points JumpCrisscross | 1 comments | 30 Aug 25 20:56 UTC | HN request time: 0.001s | source

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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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macintux ◴[30 Aug 25 22:37 UTC] No.45078595[source]▶

>>45078568 #

I’m curious whether it’s more the tariffs, or the uncertainty. No one knows what will happen on a day-to-day basis: the chaotic (and illegal) decision-making leaves everyone wondering what’s next.

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1. nnurmanov ◴[31 Aug 25 11:18 UTC] No.45082312[source]▶

>>45078595 #

I live in such country, local currency volatile, laws are changing. There is no long term planning, projects should span 1-2 years and if they bring income, then you are lucky. In long term the situation is no good

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