Latest / The Macro Memo with Fexingo: Daily Conversations on Inflation, GDP, and Federal Reserve Policy
The Factory Layoff Spike That Contradicts a Strong Job Market
In this episode of The Macro Memo, Lucas and Luna dig into a striking disconnect: factory job cuts in June 2026 are at levels not seen since the 2008 financial crisis and the Covid shutdowns, yet the headline jobs market remains strong. Using the latest data including JOLTS job openings at 7.6 million and a 4.3 percent unemployment rate, they explore what's driving the manufacturing slowdown and why it matters for the Fed's rate path. They discuss the role of the strong dollar, the lag effect of rate hikes, and structural shifts in global trade. A focused look at one corner of the…
The skinny
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