alt Hacker NewsI wonder if this is the evidence of the labor market decoupling from "the economy" in terms of economic productivity?
Folks keep predicting it. Maybe it's starting?
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MSFT_Edging • today at 2:02 PM
Maybe we can finally reach communism by first getting together and all agreeing "the economy" isn't a science and if we all just believe really hard, numbers can go up forever, then we won't even need money!
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It's not. 23,000 jobs is 0.01% of the workforce, so it's negligible in terms of lost sales (probably hurts consumer confidence more). But it is a signal that the economy isn't running too hot, so the company's much larger borrowing costs aren't going up.