Latest / The Macro Memo with Fexingo: Daily Conversations on Inflation, GDP, and Federal Reserve Policy
Why Job Openations Surged While Unemployment Stayed Flat
The April JOLTS report showed job openings jumping to 7.62 million, the highest in nearly two years. But the unemployment rate held steady at 4.3 percent. Lucas and Luna dig into what's really going on in the labor market — a surge in openings concentrated in a few industries, alongside a flat unemployment rate that suggests workers are staying put. They explore the 'mismatch' between job availability and worker mobility, and what this means for the Fed's rate-cut path. With the effective Fed funds rate at 3.63 percent and core PCE sticky at 3.3 percent, the hosts ask: Is…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.