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Interesting new study says “breakeven” job growth is now nearly 0.

Posted on 4/12/26 at 9:01 pm
Posted by HailHailtoMichigan!
Mission Viejo, CA
Member since Mar 2012
73993 posts
Posted on 4/12/26 at 9:01 pm
Aka, the amount of jobs needed to keep pace with monthly growth in labor force is nearly 0.

A few factors as to why:

1) continuing mass retirement of baby boomers outpacing new labor force entry

2) illegal immigration, which for years was growing labor force entry by ~100k per month, is now at nearly zero.



This post was edited on 4/12/26 at 9:15 pm
Posted by UpstairsComputer
Prairieville
Member since Jan 2017
1815 posts
Posted on 4/12/26 at 10:14 pm to
Heard Jim Bianco talking about this on Macro Voices 4-5 weeks ago. Worth a listen.

eta appears he's been talking about it since September, but the one I was talking about was about a month ago:

LINK

MacroVoices #496, “The Post Covid Economy”: “if we have no population growth, that’s enough jobs… that’s all we really need to be creating.”
MacroVoices #510: discussion of the “breakeven rate” for labor supply and how the economy may need far fewer jobs than people assume.
MacroVoices #523 / recent transcript listings: the same theme appears again, with language like “we don’t need that many jobs.”
This post was edited on 4/12/26 at 10:19 pm
Posted by molsusports
Member since Jul 2004
37473 posts
Posted on 4/12/26 at 10:56 pm to
At first glance the comments about not needing that many jobs seem like sleight of hand statistics. Especially because the labor participation rate is way lower than it should be among groups like men between 18 and 40.
Posted by LemmyLives
Texas
Member since Mar 2019
15546 posts
Posted on 4/12/26 at 11:16 pm to
Jobs numbers that don't allocate for the thousands of H1Bs are bullshite. Almost 4k in DFW by JPMC alone in the last five years, and that doesn't include Cognizant, Infosys, TCS, USAA, Amazon, etc.
Posted by HailHailtoMichigan!
Mission Viejo, CA
Member since Mar 2012
73993 posts
Posted on 4/13/26 at 6:29 pm to
The point is that if the labor force growth slows to a crawl, it reduces the need for high monthly jobs gains
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