Latest / The Macro Memo with Fexingo: Daily Conversations on Inflation, GDP, and Federal Reserve Policy
The Hidden Tax Of Low Firing Rates
Why are jobless claims hitting historic lows while unemployment creeps up? Lucas and Luna dissect the 'low-fire rate paradox' dominating October 2026. With initial claims near 194,000 and unemployment at 4.2 percent, the labor market is sending conflicting signals. They explore how companies are retaining underperforming staff to avoid severance costs and regulatory friction, creating a zombie workforce that drags down productivity. The conversation links this structural shift to sticky wage growth and the Federal Reserve's latest policy stance, revealing why traditional…
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