Latest / The Macro Memo with Fexingo: Daily Conversations on Inflation, GDP, and Federal Reserve Policy
What the May Jobs Report Will Reveal About the Labor Market
With the May jobs report dropping tomorrow, Lucas and Luna break down what the data is likely to show and why markets might be misreading the trend. They focus on a key tension: job openings have surged past 7.6 million, but long-term unemployment is also climbing. The hosts explain how these two signals coexist and what they mean for the Fed's next move. They also examine the ADP private payrolls number of 122,000 and what it tells us about hiring momentum. Anchored in the latest JOLTS and unemployment data, this episode helps you see past the headline number.
#JobsReport #May2026…
The skinny
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