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A comment on Private sector lost 33k jobs, badly missing expectations of 100k increase. Parent comment

Re:Private sector lost 33k jobs, badly missing expectations ... by bentt on Wednesday July 02, 2025 @04:35PM (#44448545)
Nobody is incentivized to share bad news about the economy. Everyone has a vested interest in the stock market rising, in keeping their jobs, and a shared desire to see things go up forever.

This is why there needs to be some kind of safety net so that the economy is not a proxy for life and death. In the USA, if you run out of money, you are in real trouble. We need to decouple success/failure in the market from personal safety. You should be able to try opening a hot dog stand, have it tank, and still be able to eat and go to the doctor.

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Re:Private sector lost 33k jobs, badly missing expectations ... by pedroma on Wednesday July 02, 2025 @04:42PM (#44448607)
>Nobody is incentivized to share bad news about the economy.

Isn't the media incentivized to keep you watching or reading? The common criticism of media is they like to exaggerate a minor issue to get you to click on a headline.

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Re:Private sector lost 33k jobs, badly missing expectations ... by hello_moto on Wednesday July 02, 2025 @04:59PM (#44448764)
except when it affects the economy thus their investment (be it 401k or something else)
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Re:Private sector lost 33k jobs, badly missing expectations ... by ajmurmann on Wednesday July 02, 2025 @05:56PM (#44449268)
Yet, for the last few years the media has been poopooing and economy that's by pretty much all measures was very strong.
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Re:Private sector lost 33k jobs, badly missing expectations ... by pedroma on Wednesday July 02, 2025 @05:17PM (#44448944)
They might be short sellers, or they might be foreign and view the US as an economic rival. There may be more incentives than just more clicks for the media.
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Re:Private sector lost 33k jobs, badly missing expectations ... by nradov on Wednesday July 02, 2025 @06:04PM (#44449328)
A more likely explanation is that outside of a few specialized publications, most members of the media are just as financially and economically illiterate as the average person. I mean how many finance and economics courses do you have to pass to get a degree in journalism or communications? There's no deep media conspiracy here.
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