Latest / The Macro Memo with Fexingo: Daily Conversations on Inflation, GDP, and Federal Reserve Policy
The Hidden Cost Of America's Labor Hoarding
We examine why the US labor market remains tight despite cooling job openings, focusing on the structural shift toward 'labor hoarding' and its impact on corporate margins. With Q3 GDP hitting 3.4 percent and unemployment at 4.2 percent, we analyze how companies are retaining staff to avoid future hiring costs, creating a paradox where wage growth stays elevated while productivity lags. This episode breaks down the real cost of this behavior for investors and the broader economy in October 2026.
#LaborHoarding #USGDP #WageGrowth #CorporateMargins #FedPolicy #UnemploymentRate…
The skinny
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