←back to thread

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

(www.wsj.com)
462 points JumpCrisscross | 1 comments | 30 Aug 25 20:56 UTC | HN request time: 0s | source
Show context
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

replies(13): >>45078595 #>>45078679 #>>45078740 #>>45078958 #>>45079382 #>>45080115 #>>45080271 #>>45080965 #>>45081316 #>>45082066 #>>45083020 #>>45083528 #>>45083540 #
RhysU ◴[31 Aug 25 04:02 UTC] No.45080271[source]▶
I do not trust NY job numbers. Their unemployment system remains a disaster from the Covid years.

Source: Me trying to use it and encountering prior fraud. Light reading suggests many have experienced it.

replies(3): >>45080289 #>>45080299 #>>45086546 #
1. nitwit005 ◴[31 Aug 25 20:00 UTC] No.45086546[source]▶
Unemployment numbers will never work for counting the number of people actually unemployed. They do work for seeing unemployment trends. A ton of people suddenly applying for unemployment is a pretty clear signal.

Edit: typo