Latest / The Macro Memo with Fexingo: Daily Conversations on Inflation, GDP, and Federal Reserve Policy
Why Strong Jobs Mask A Quiet Wage Freeze
The October jobs report added 165,000 positions with unemployment falling to 4.1%, yet average hourly earnings barely budged. Lucas and Luna dissect the disconnect between robust hiring and stagnant wage growth, exploring how labor hoarding and shifting job compositions are keeping paychecks flat despite a tight labor market. They examine what this means for consumer spending power and Federal Reserve policy as we head into November 2026.
#LaborMarket #WageGrowth #OctoberJobsReport #UnemploymentRate #FederalReservePolicy #InflationData #CPIIndex #CorePCE #AverageHourlyEarnings…
The skinny
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