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

(www.wsj.com)
462 points JumpCrisscross | 3 comments | 30 Aug 25 20:56 UTC | HN request time: 0.626s | 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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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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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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1. 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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2. ipaddr ◴[31 Aug 25 15:50 UTC] No.45084115[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.
3. oenton ◴[01 Sep 25 17:55 UTC] No.45094990[source]▶
"She had been doing crap job" with all due respect, citation needed.