The Job Market Will Get Much Worse, JP Morgan Economist Warns

Zero Hedge via Dark-Bid.com ^ | 06/10/2015 | Daniel Drew

[SeekAndFind]

As Zero Hedge reports every month, the labor force participation rate is at multi-decade lows. Michael Feroli, a JPMorgan economist, said the economy will produce even fewer jobs in the future.

In the last ten years, the U.S. saw 68,000 new jobs per month. Meanwhile, the population grew by over 200,000 per month. The last decade's data was marred by severe job losses in 2008. From 1995 - 2005, it was normal to see 300,000 new jobs per month in good years, and the bad years didn't come close to the 2008 horror show.

Job creation is on a slight uptrend now, but it still hasn't kept up with population growth. Even worse, Feroli says he expects monthly job creation to drop to around 75,000 in the near future. In other words, there will be no recovery. With a population that is still growing, this job shortage is nothing less than a ticking time bomb for social unrest.

In the absence of new jobs, will mass death be the only thing that straightens out the job to population ratio?

[AngelesCrestHighway]

We are suffering mass death right now with the Obama tragedy...

[SaveFerris]

Who thought there was ever any “recovery” in progress?

Wait, don’t answer that.

[repentant_pundit]

Thanks to Uncle’s fascist central planning.

Is “social unrest” different than civil unrest ?

Love that term “unrest”....as if the ferals are just fidgety, maybe having some trouble getting to sleep, maybe just need some melatonin

[Pelham]

Obviously we need more of the world competing for employment in America.

I’m sure that we can count on the GOP establishment and the Democrats to grant amnesty, increase legal immigration, and dramatically increase the number of H1-B visas.

[SMARTY]

‘Recovery’ was just another MSM, made-up ruse.

There isn't and has not been a ‘recovery’.

I'm old enough to recall what a ‘recovery’ is like... this ain't IT, by a long shot.

Yet the MSM keeps beating that drum and fabricating their laughable BS, in an effort to make their guy look good.

NOT

[refermech]

Technology and cheap overseas labor are going to bury us.

[RayChuang88]

Only one problem: the Zero Hedge web site has always been so negative on the economy for so long that no serious analyst on Wall Street takes them seriously. As such, any decent article published on that web site gets lost in the noise of the overall negativity of that web site.

[SaveFerris]

bkmk

[VTenigma]

Can’t be true, all evidence points to an economic recovery and has for 6 years. /sarc

[RipSawyer]

A lot of people call Celente a nutcase but he has been consistently right about one thing. Ain’t no damned recovery hapnin’ folks! In a recovery people get real jobs back.

[Mastador1]

They should know, they’re doing their best to relieve their own employees of joblock.

[SMARTY]

Yup-and they save money, and replace their old car, and do the renovations around the house, etc.

None of that is happening.

[agrarianlady]

Only one problem: the Zero Hedge web site has always been so negative on the economy for so long that no serious analyst on Wall Street takes them seriously. As such, any decent article published on that web site gets lost in the noise of the overall negativity of that web site.

Not to mention fiction, like the "too many cars" urban legend Zero created in 2009, which one of my facebook friends posted just three days ago. Sigh.

[cicero2k]

Negative prognostication gets eyeballs.

However, zero still gets re-elected.

[ForYourChildren]

[ForYourChildren]

But... Biden promised me a “recovery summer.”

[Koracan]

corporate revenues are at their highest point in 40 years,
The last decade was marred by severe job losses
Disastrous Market Mania Will End In "Revolution, Taxes, Or War"

develop a new model for corporate profit that includes justness and responsibility.
Tudor proposes a fourth way: Just corporate behavior.


Sounds awfully similar like this::

....At the same time, he stressed that capitalism was unstable, and prone to periodic crises.
He suggested that over time, capitalists would invest more and more in new technologies, and less and less in labour. Since he believed that surplus value appropriated from labour is the source of profits, he concluded that the rate of profit would fall even as the economy grew.
Moreover, he believed that in the long-term this process would necessarily enrich and empower the capitalist class and impoverish the proletariat...
Karl Marx, ca.1848

[RayChuang88]

Celente is also a big supporter of anything that can produce real economic growth. I've emailed him in the past about radical income tax reform (e.g., the FairTax proposal) and he emailed me back saying that such reforms are woefully way overdue.

[Sam Gamgee]

Wait a second. The jobless rates have fallen from 8.9% to the higher 5% under Obama even though the net jobs have been about negative 130,000 per month?