Latest / Stagflation Conversations with Fexingo: High Inflation, Slow Growth, and 1970s Echoes
Why Stagflation Is Jolting the Job Market
In this episode of Stagflation Conversations with Fexingo, Lucas and Luna explore an unexpected wrinkle in the current stagflationary economy: why the labor market is sending conflicting signals. With the unemployment rate down to 4.1 percent but job openings at their lowest level since 2021, and real GDP growth slowing to 1.5 percent annualized, the hosts examine what this means for workers and the Fed. They zero in on the concept of 'job churn' versus 'job creation,' using the latest JOLTS data to show how businesses are hoarding workers even as they cut back on hiring…
The skinny
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