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In reply to the discussion: ***BREAKING*** TACO gets even more bad news on US economy [View all]Yo_Mama_Been_Loggin
(135,728 posts)As the U.S. labor market shows clear signs of stalling, one of Wall Streets leading strategists is sounding a sharp warning: With Americas workforce in a demographic crunch and historic changes in immigration policy underway, it is quite possible that the next five years will see no growth in workers at all.
The implications, according to David Kelly, chief global strategist at JPMorgan Asset Management, are profound for the Federal Reserve and for investorschief among them, the need for exceptional caution before lowering interest rates.
Kelly used his regular Notes on the Week Ahead research note to survey the implicationsperhaps assess the damageof Fridays shocking jobs report, which revised downward job creation in May and June by 258,000 jobs. Furthermore, employers added just 73,000 jobs in July, well below the 110,000 consensus estimate. This left the average monthly increase for the past quarter at a paltry 35,000 jobs. The unemployment rate ticked up to 4.2% in July, as both employment numbers and labor force participation slipped further.
Kelly also highlighted signs of tightness in the labor market, namely the decline in the labor participation rate from 62.65% in July 2024 to 62.22% in July 2025. That translates to almost 1.2 million fewer people ages 16 and over who are working or actively looking for a job.
https://finance.yahoo.com/news/top-analyst-says-next-5-194528362.html
Third analyst to say this. Maybe Krasnov can file another multi-million dollar lawsuit.