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   From: none@invalid.com   
      
   Unemployment numbers may have fallen to their six-year low last   
   week, but J.P. Morgan’s Diana Farrell says there’s reason to   
   worry over that jobs report: It took 80 months.   
      
   With the past five recessions, the recovery of jobs has taken   
   “longer and longer”, Farrell said today at Fortune’s Most   
   Powerful Women summit in Laguna Niguel, California. A former   
   Obama economic aide, Farrell left the post in July head up the   
   J.P. Morgan Chase Institute.   
      
   She says the economic improvements in recent years have not been   
   total. “Growth and efficiency are not enough for a participatory   
   economy,” she says, noting that jobs have not come back fast   
   enough. Longterm employment, particularly among the young is   
   especially worrying to her.   
      
   Unemployment or underemployment among 18-29 year olds is also a   
   large problem for Europe and the Middle East, and Farrell says   
   the consequences of the six years many young people were unable   
   to build career profiles could be “horrific”.   
      
   She adds that companies sitting on cash, and the slowing   
   investment rate of US companies is also cause for concern and an   
   impediment to job growth.   
      
   Other things keeping Farrell and fellow bankers up at night?   
      
   Income inequality and geopolitical tensions, said Farrell’s co-   
   panelists Jane Fraser, CEO of U.S. Consumer and Commercial   
   Banking and CitiMortgages and Wei Sun Christianson, Co-CEO, Asia   
   Pacific at Morgan Stanley.   
      
   Christianson also says China will need to lean on the rest of   
   the world to feed its population—the country has 22% of the   
   population, but only 7% of the world’s arable land. She adds   
   that the Chinese government has relocated farmers to urban   
   areas, which will only exacerbate the need.   
      
   http://fortune.com/2014/10/07/ex-obama-economic-aide-fear-the-   
   young-unemployed/?xid=ob_rss   
      
        
      
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