Latest / The Macro Memo with Fexingo: Daily Conversations on Inflation, GDP, and Federal Reserve Policy
The Labor Hoarding Trap Distorting Wages
With Q3 real GDP jumping to three point four percent while the unemployment rate ticks up to four point two percent, Lucas and Luna dissect the paradox of labor hoarding. They explore how companies are holding onto workers despite slowing demand, driving up average hourly earnings and keeping core inflation sticky. The conversation looks at why this wage rigidity matters for Federal Reserve policy as we head into November.
#LaborHoarding #WageGrowth #CoreInflation #FederalReserve #RealGDP #UnemploymentRate #AverageHourlyEarnings #JobOpenings #Q3GDP #PCEPriceIndex #FexingoBusiness…
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