Private sector lost 33k jobs, badly missing expectations of 100k increase

Re:Private sector lost 33k jobs, badly missing expectations ... by BurningFrog on Wednesday July 02, 2025 @12:50PM (#44445951)

GDP is fairly easy to measure, and since a society normally consumes as much as it produces, it's a pretty good measure of average economic health.

You're right that there is more nuance you'd wish to see, but it's harder to measure, and I don't know how much it's normally worth.

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Re:Private sector lost 33k jobs, badly missing expectations ... by MangoToupe on Wednesday July 02, 2025 @12:55PM (#44446006)

> it's a pretty good measure of average economic health

Median economic health strikes me as far more interesting than mean. I don't really care how well rich people are doing.

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Re:Private sector lost 33k jobs, badly missing expectations ... by lawlessone on Wednesday July 02, 2025 @04:10PM (#44448267)

>I don't really care how well rich people are doing.

ahem "people of wealth"

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Re:Private sector lost 33k jobs, badly missing expectations ... by wyldfire on Thursday July 03, 2025 @12:35AM (#44451668)

Maybe "people currently experiencing extraordinarily fine housing"?

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Re:Private sector lost 33k jobs, badly missing expectations ... by Henchman21 on Wednesday July 02, 2025 @02:42PM (#44447348)

We all need to be concerned when they’re doing too well

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Re:Private sector lost 33k jobs, badly missing expectations ... by BurningFrog on Thursday July 03, 2025 @11:03PM (#44460807)

Perhaps, but until there is a way of measuring that, GDP/person wins by existing.

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Re:Private sector lost 33k jobs, badly missing expectations ... by msgodel on Thursday July 03, 2025 @11:05PM (#44460819)

Just because you can measure it doesn't mean it's a good objective.

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