Latest / The Macro Memo with Fexingo: Daily Conversations on Inflation, GDP, and Federal Reserve Policy
Why The Labor Market Is Hiding Its Weakness
The September jobs report showed only twenty-nine thousand new positions, yet the headline numbers look deceptively calm. Lucas and Luna unpack why the official unemployment rate of four point two percent masks a deeper structural shift in male labor force participation and service-sector hiring. They explore how falling job openings at JOLTS and rising initial claims suggest the Fed’s higher rates are finally biting, even as core PCE inflation holds near three percent.
#LaborMarket #SeptemberJobsReport #UnemploymentRate #FederalReservePolicy #InflationData #JOLTSReport #MaleEmployment…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.